Speculation Persists That Ghalibaf Replaced With More 'Hardline' Figure As Pentagon Says Iran Is Laying More Mines In Hormuz

TACO Vs TAW: Fade This (Equity) Rally Authored by Peter Tchir via Academy Securities, Ceasefire? The U.S., via Pakistan, and apparently consistent with negotiations being carried out by Witkoff and Kushner, has delivered a 15 point agreement for a ceasefire. Markets responded with oil down (Brent futures, at 5:30 am are back down below $100, from a high of $105 on Tuesday). Stock futures and treasuries are rebounding as well (even the 2-year, after the drubbing it took after yesterday’s auction noticeable for an absence of “direct” bids). Many of the Polymarket Strait of Hormuz “prediction”...

Pakistani Warplanes Land In Saudi Arabia For Start Of Mutual Defense Pact Via The Cradle A Pakistani military force arrived at Saudi Arabia's King Abdulaziz Air Base on Saturday, as part of a strategic defense pact between the two countries, the kingdom's defense ministry has announced. The Pakistani force includes air force fighter jets and support aircraft. It was sent to Saudi Arabia to "enhance joint military cooperation, raise operational readiness, and support security and stability in the region," the ministry's statement said. Pakistan Air Force image The military deployment arrived following five weeks of...

Half-Way Into Fiscal 2026, US Budget Deficit Is 11% Lower Than 2025, But It's About To Get Much Worse While not as dire as previous years, the US budget deficit remains a ticking time bomb. There was some good news and some not so good news, when the Treasury reported the monthly revenue and outlays for the month of March.  First the good news: The US federal government reported that the March budget deficit rose $4 billion or 2% ​to $164.1 billion from $160.5 billion a year ago, and higher than the $153.3BN...