Futures Rise After Trump Extends Ceasefire Even As Brent Tops $100

The US military said on Thursday that a US F-35 fighter jet was damaged by suspected Iranian fire while operating over Iran and was forced to make an emergency landing. “The aircraft landed safely, and the pilot is in stable condition,” said Capt. Tim Hawkins, a spokesman for US Central Command. “This incident is under […]

Oil Tops $91, US Diesel Crack Near $100 As US-Iran Strikes Resume, Tehran Claims Supertanker Mined In Hormuz Brent crude futures climbed back above $90 a barrel, while West Texas Intermediate topped $86 after the US and Iran exchanged strikes for the first time in about a month. Tehran also claimed that an unidentified supertanker was struck by naval mines in the Strait of Hormuz. Meanwhile, diesel crack spreads are approaching $100 a barrel again, suggesting an increasingly severe shortage across refined-product markets as the summer draws to a close.  US Central...

Goldman And UBS Preview Apple's WWDC: AI Siri Takes Center Stage Apple's annual Worldwide Developers Conference (WWDC) begins this afternoon at 1 p.m. EST at Apple Park in Cupertino, Calif. Ahead of WWDC, Goldman analysts led by Michael Ng provided clients with a preview of what to expect, including the unveiling of a long-delayed AI-enhanced Siri and operating system version "27" across iOS, macOS, watchOS, tvOS, and visionOS. The new AI-enhanced Siri will include many delayed features from WWDC24, such as on-screen awareness, personal context, and deeper integration across apps, including...