Tanker Seizures By Iran Don't Breach Ceasefire: White House

Netanyahu Boasts 70% Of Iran's Steel Production Capacity Destroyed Israeli Prime Minister Benjamin Netanyahu stated in Friday remarks that Israeli airstrikes have wiped out roughly 70% of Iran's steel production capacity, dealing a major blow to its ability to manufacture weapons - from missiles and drones to ships. "Together with our American friends, we continue to crush the terror regime in Iran. We are eliminating commanders, bombing bridges, bombing infrastructures," Netanyahu began in a video statement. Illustrative image, via Steel Radar "In recent days, the Air Force has destroyed 70% of Iran's steel...

UAE Slips Hidden Oil Tankers Through Straits Of Hormuz While conventional wisdom, especially after Trump's counter-blockade of Iran's blockade, that the Strait of Hormuz is completely blocked, the reality is that the UAE is now running loaded crude tankers through the Iranian-controlled Strait of Hormuz with transponders switched off - just like sanctioned Iranian ghost fleets in the pre-war period - just to pry loose a fraction of the oil bottled up in the Gulf. According to shipping data reported by Reuters, industry sources, and satellite tracking, Emirati state-owned energy giant...

"Blockbuster Week" Preview: Fed, ECB, BOJ On Deck, Earnings Avalanche, GDP, PCE Tomorrow marks exactly two months since the strikes on Iran began. As DB's Jim Reid writes, while there is currently a rolling, open ended ceasefire that started on 8 April, the risk of it collapsing at any point remains real. Just as the weekend news looked like it was leaning negatively though, last night reports came through that Iran have offered the US a fresh proposal to reopen the strait and end the war. However as Axios and...