US Estimates Iran Has 70% of Pre-War Missile Stockpile, 60% of Launchers

Crop Prices Hit 3-Year High As Heat & War Stoke Supply Fears; Options Whale Places $20M Corn Bet The Bloomberg Agriculture Spot Index (BCOMAGSP) climbed to a three-year high Wednesday as widening conflict across critical energy and grain trade corridors, from the Black Sea to the Strait of Hormuz and the southern Red Sea, collided with scorching heat waves across Europe and the US and mounting El Niño risks in critical agri growing belts, reviving the threat of global food inflation. BCOMAGSP is a dollar-denominated benchmark that tracks 10 major agricultural...

US Says 'No Ships Made It Past Blockade' As Iran Mulls Hormuz Shipping Pause To Preserve Talks, Which Trump Says Could Happen In Two Days Summary CENTCOM: "During the first 24 hours, no ships made it past the U.S. blockade & 6 merchant vessels complied with direction from US forces to turn around to re-enter an Iranian port on the Gulf of Oman," it said. Diplomacy is not yet dead, as Bloomberg reports Iran is mulling a short-term pause to shipments through Hormuz Strait. Trump tells NYP talks could happen again in two...

President Trump and Secretary of State Marco Rubio are making me feel like I’m smack dab back in the middle of the old Cold War racket — the racket that succeeded in making the US national-security state and its ever-growing army of “defense” contractors a permanent feature of American life. The State Department just issued […]