US Bombs Somalia for 57th Time This Year

Futures Drop, Yields And Oil Rise On Latest Middle East Hostilities US equity futures are mixed as oil prices, bond yields, and USD move higher in response to the latest overnight attacks in the Middle East with no public progress on a deal. As reported previously, the US struck Iran’s Qeshm Island, which was then met with retaliatory Iranian strikes on US bases in Kuwait; explosions were also reported in Saudi Arabia, and air sirens were set off in the UAE. US Centcom said that the Iranian drone attacks were...

President Donald Trump said that the “new” President of Iran had accepted a ceasefire with the US. Tehran quickly denied Trump’s statement. “Iran’s New Regime President, much less Radicalized and far more intelligent than his predecessors, has just asked the United States of America for a CEASEFIRE!” the President posted on his Trump Social account on […]

A US Coast Guard cutter joined Philippine warships in a patrol near a disputed shoal in the South China Sea last week as Washington continued backing Manila in its maritime dispute with Beijing. According to a report from USNI News, the exercise, conducted from May 26 to May 30, marked the first time the US […]