US Futures, Global Stocks And Bonds Soar On Ceasefire Relief, Oil Plummets

Israeli Air Force Technicians Charged With Spying For Iran Amid 'Espionage Epidemic' Via The Cradle Two Israeli air force technicians who were operating at the Tel Nof Air Base near the city of Ashdod are set to be charged with espionage for Iran in the US-Israeli war launched against the Islamic Republic in late February, Israeli media reported Wednesday. This marks the latest case in what has been referred to as an "espionage epidemic" in Israel. According to a report by Israel’s Broadcasting Corporation (KAN), the technicians worked on Israel's F15 jets. The two...

Iran Conflict Drives Surge In China EV Demand A sharp rise in oil prices tied to the US-Israel confrontation with Iran is likely to speed up the global transition to electric vehicles, strengthening a shift that has already helped China overtake Japan as the world’s top car seller, according to South China Morning Post. Crude prices have surged past $100 a barrel amid fears of disruption to energy supplies, particularly through the Strait of Hormuz. US President Donald Trump escalated tensions by warning he would “obliterate” Iran’s power plants if shipping...

PIMCO Privately Lends Over $10 Billion To Dollar-Strapped Gulf States Just days after the UAE hinted at a growing dollar shortage in the Gulf nation by requesting swap lines with the Fed, Bloomberg reports that as Iran's struggling neighbors scramble to build cash buffers to deal with any potential economic fallout from the Iran war, one large buyer has stepped in: the world's largest bond manager, Pacific Investment Management Co. Since the start of the Iran war, Pimco has lent more than $10 billion to state-backed and government borrowers in the...