JPM's Dimon Warns Of "Skunk At Party," Talks Credit Cycles, Touts U.S. Military Power

"Make A Deal Before It's Too Late": Trump Threatens Tehran (Again) As Iran/Oman Draft Protocol To Re-Open Hormuz Summary World's most important oil price hits record high as Trump threatens Iran: "make a deal before it's too late" Oil drops on reports of Iran-Oman coordination to reopen strait. Iran issues Israel/Gulf logistics hubs target list; IRGC targets Amazon Cloud computing center in Bahrain US intelligence assessments say Iran is not ready to negotiate given it believes it has the strategic upper-hand, and doesn't believe Trump is 'serious' about talks: NYT Highest bridge in Iran, connecting Tehran...

Meanwhile, In England... Idiocy Knows No Bounds Authored by Steve Watson via Modernity News, Mindless arson for online clout is torching farmers' livelihoods across England. Hay and straw stacks - vital winter feed and hard-earned harvest - are being deliberately set alight in a suspected TikTok challenge that treats the countryside like disposable content. West Mercia Police have circulated an urgent warning to farming groups after a string of overnight attacks. The force stated: "Following a recent spate of overnight arson attacks on hay stacks in the north of England there appears to...

Glitch Shuts Australia's Biggest Maker Of Vital Fertilizer Input For 2 Months At Worst Possible Time Australia's largest ammonia plant will be shut for two months to repair damage caused by a power outage, amidst a global supply crunch for the vital fertiliser and explosives ingredient. To say that the shutdown comes at the worst possible time for the global fertilizer market would be an understatement: more than a quarter of the world's traded ammonia flows through the Strait of Hormuz, as do 43% of urea shipments, the fertilizer made from...