Deadly Israeli Strikes Continue as Lebanon Reels From Wednesday Massacres

Israeli Finance Minister Bezalel Smotrich on Tuesday ordered the destruction of a Palestinian Bedouin village in the Israeli-occupied West Bank, a move that he said was a response to the International Criminal Court (ICC) seeking an arrest warrant for him. Middle East Eye first reported on Monday that the office of the prosecutor at the […]

US Existing Home Sales Disappoint In April, Despite Lower Mortgage Rates With the Spring selling season already in tatters, existing home sales were expected to rebound in April very modestly (+2.0% MoM) off recent record lows. However, the rebound was far less than expected, up just 0.2% MoM, which left sales of existing homes unchanged YoY... Source: Bloomberg Total existing home sales SAAR hover just above 4.00 million homes... Source: Bloomberg The NAR report showed the median selling price rose 0.9% from a year earlier to $417,700 last month - the highest for any...

Iran Announces Fuel Rationing As Brent Tops War Highs, After Trump Rejects Tehran's Latest Offer Summary Brent crude briefly reaches $119/barrel - Iran war high. CENTCOM reportedly preparing for "short wave of strikes" on Iran in order to potentially break the Hormuz impasse & force Tehran back to the negotiating table. Trump rejects Iran proposal as it won't give up nuclear program. Trump recently met this week with oil and gas executives at the White House to address energy fallout, and as oil pushes higher: Axios. Trump warns Iran to "get their act together" and to...