More Than Just Iran

US Postal Service Plans 8% Fuel Surcharge As Iran War Raises Transport Costs By Eric Kulisch of FreightWaves, The U.S. Postal Service is seeking permission to impose a fuel surcharge on parcel products for the first time ever to cover soaring transportation costs for gasoline and diesel fuel, which have jumped more than 30% since the invasion of Iran by the United States and Israel nearly a month ago. Parcel shipments would be charged an 8% fee, on top of their regular transportation charge, if the fee is approved. The quasi-private agency on...

European Nationalists Rally Around Orbán Following Zelensky's "Outrageous" Remarks Authored by Thomas Brooke via Remix News, Hungarian Foreign Minister Péter Szijjártó has condemned remarks by Ukrainian President Volodymyr Zelensky that Budapest says amounted to a threat against Prime Minister Viktor Orbán. Responding to comments made during a press briefing in Kyiv on Thursday, Szijjártó said the statement was “beyond every limit” and reflected what he described as “the kind of ‘culture’ coming from Kyiv.” “This is the man Brussels admires and the country they want to fast-track into the European Union,” Szijjártó said....

Futures, Global Markets Rise With US Markets Closed For President's Day Stocks gained, bitcoin tumbled and bonds steadied after Friday's cool CPI data reinforced expectations that the Fed will cut interest rates on multiple occasions this year. With US markets closed for the Presidents’ Day holiday and mainland China’s markets closed for Lunar New Year holidays, trading was muted on Monday. As of 9:00am ET, futures on the S&P 500 added 0.4% and Europe’s Stoxx 600 index rose 0.4% as banking shares rebounded from a sharp decline last week. German bunds and Treasury futures were steady after US...