Article
Key Aluminum Spread In London Hits Biggest Backwardation Since 2007
Key Aluminum Spread In London Hits Biggest Backwardation Since 2007
Aluminum futures in London surged to a four-year high on Monday as President Trump's Strait of Hormuz blockade, set to take effect this morning, threatened to deepen supply chain disruptions across the Gulf region. On top of that, the Gulf's largest aluminum producer declared force majeure on parts of its contract book over the weekend.
Aluminum climbed 1.4% to $3,547 per ton on the London Metal Exchange as traders priced in increased shipment disruption risk ahead of President Trump's Hormuz blockade,...
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Apr 2, 2026 / Tyler Durden
Trump Fires Pam Bondi As Attorney General, Blanche To Be Acting AG
Trump Fires Pam Bondi As Attorney General, Blanche To Be Acting AG
Update (1315ET): President Donald Trump has ousted Attorney General Pam Bondi, multiple outlets report. Deputy Attorney General Todd Blanche is serving as acting AG in the interim.
The move comes amid White House frustration with Bondi’s leadership at the Justice Department - particularly her handling of the Jeffrey Epstein files and what Trump viewed as insufficient aggression in targeting his political opponents. Trump had privately discussed firing her and floated EPA Administrator Lee Zeldin (or Blanche) as a possible replacement.
Bondi...
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Mar 22, 2026 / Tyler Durden
'Punish Iran': Saudi Arabia & UAE Inch Closer To Joining US-Israeli War
May 18, 2026 / Tyler Durden
Trump: Holding Off 'Planned' Attack On Iran At Request Of Gulf Allies, 'Deal Will Be Made'
Trump: Holding Off 'Planned' Attack On Iran At Request Of Gulf Allies, 'Deal Will Be Made'
Summary
Trump says holding off on 'planned' Tuesday attack upon request of Gulf states.
US denies earlier Tasnim report of agreeing to lift oil sanctions during talks; Trump tells NYP 'not open' to Iran concessions.
Trump calls for Iran's total military surrender in Monday morning Truth Social post.
Oil rebounds on Tasnim reporting Iranian denial: Tehran "under no circumstances" will negotiate nuclear issue as part of an end to the war.
A flurry of (the somewhat typically-timed) Monday opener...
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