Mercuria, Goldman, JPMorgan See Major Aluminum Market Shock

While oil exports from the Middle East have reportedly exceeded pre-war levels, attacks on tankers in or near the Strait of Hormuz have also risen over the past week, with at least 11 coming under attack since last Monday, according to a count from The New York Times. According to the UK Maritime Trade Operations, […]

A Lot More Than Just Rates Moving Markets By Peter Tchir of Academy Securities The plan this weekend was to write about the AI Revolution. It would have dovetailed well with recent pieces Buggy Whips and Horses and Being Forced to Understand UBI. We discussed this, Iran, and much more on Bloomberg TV (1:43:30 mark), where I did bring out the red rocket ship tie, in honor of the SpaceX IPO. But it is difficult to stick to the plan when the Nasdaq 100 drops almost 5% in a day and the...

Trump Cites Progress With 'More Reasonable Regime' - Mulls Uranium Seizure Op; Bessent Says Will 'Retake' Hormuz 'Over Time' Summary Iran rejects 'excessive, illogical' US demands while Trump mentions 'progress' with a 'more reasonable regime'. Trump again threatens to destroy Iran energy sites and Kharg Island. White House seriously considering ground operation to seize Iran's enriched uranium stockpile but also wants Tehran to negotiate handing it over willingly. Bessent: US will 'retake' Hormuz Strait 'over time'. Bazan oil refinery in Israel's northern city of Haifa is on fire after a second apparent Iranian missile strike of the...