Israel Reports Killing ‘Militants’ in Lebanon Despite Ceasefire as Troops Continues Demolitions

Futures Drop As Yields, Oil Prices Keep Rising Futures are lower - but well off session lows thanks to some well-time oil sell orders just before US traders walked in to work - as bond yields continue to make new highs, with both Nasdaq and Russell lagging the S&P which feels like more de-risking into tomorrow's Fed release. AS of 8:15am ET, S&P and Nasdaq futures are down 0.1% amid premarket weakness in Mag7 with GOOG / META / MSFT all down at least 90bp but NVDA in the...

Standard Chartered Says Hormuz Oil Flows Are Far From Normal Authored by Alex Kimani via OilPrice.com, Gulf oil exports rebounded to roughly 16.5 million bpd in September, near pre-war levels, despite only 60% of those barrels crossing Hormuz versus 83% before the war. Exporters have adapted through pipelines, bypass ports and extensive ship-to-ship transfers, but the system is more expensive, inefficient and increasingly stretched, with elevated freight and security costs. Iran’s ability to choke off regional oil exports has weakened, while its own seaborne crude exports have fallen from around 1.7 million...

An Interesting Divergence Is Emerging Between The Fed And Other Central Banks By Benjamin Picton, senior market strategist at Rabobank Circle Of Life Active Brent crude futures fell by almost 5% yesterday as the US extended its pause on striking Iran. Donald Trump had indicated that the lull was underway to give diplomacy another chance, claiming that the US was in “very deep talks” with Iran but that his patience for progress was short, saying “either it goes fast or not at all.” Brent has opened more than 3% higher this morning to...