From Leverage To Liability: The Hormuz Strait Is Now Iran's Biggest Weakness

Trump Cites Progress In Dealing With 'More Reasonable Regime' - While Mulling Ground Operation To Seize Uranium Summary Iran rejects 'excessive, illogical' US demands while Trump mentions 'progress' with a 'more reasonable regime'. Trump again threatens to destroy Iran energy sites and Kharg Island. White House seriously considering ground operation to seize Iran's enriched uranium stockpile but also wants Tehran to negotiate handing it over willingly. Bazan oil refinery in Israel's northern city of Haifa is on fire after a second apparent Iranian missile strike of the war. Iran accuses Israel of more 'false flags' - after Kuwait...

Even GOP Hawks Now Alarmed Over Iran War Fallout As 60-Days Hits Friday Amid reports that Vice President JD Vance is very seriously questioning the White House's Iran War narrative along with the Pentagon's rosy and overly positive updates on how things are going, over in Congress there's growing alarm as Trump's Operation Epic Fury is set to hit the 60-day mark on Friday.  Republicans no doubt want to wrap things up fast, however, the latest reports say the White House is preparing for an extended Hormuz blockade of at least...

Private Credit Bank Run Begins: Blue Owl Gates After Shocking 41% Of OTIC Investors Ask For Their Money A week ago, in an attempt to calm the market, Goldman's economists published a lengthy, if at times disjointed, report discussing why a crisis in private credit would not lead to another financial crisis. We are about to find out if they were right.  Recall that in mid-March, while attention was understandably focused on the Iran war, we explained why Blue Owl's February decision to commence liquidations of loans in its three core private...