US Energy Chief Says Hormuz Can Reopen Without Clearing All Mines, Warns Iran Shut-ins Could Be Devastating

Futures Slide As Oil Jumps, Bond Selloff Resumes After Trump Spurns Iran Offer US futures are lower with Tech underperforming, alongside a drop in treasuries, as fading hopes for an imminent breakthrough in the Iran war sent oil prices higher and reignited worries that inflation is heating up. As of 8:00am ET, S&P 500 futures are down around 0.5% with Nasdaq futures sliding by 0.8% as semis and memory stocks underpeform the group. Defensives are leading cyclicals with credit cards, defense, energy, insurance, and restaurants acting as pockets of strength. Oil is sharply...

Did Trump Force China's Hand? Beijing Nears 500-Jet Boeing Deal Ahead Of Xi Summit Boeing shares moved higher in late-afternoon trading in New York after Bloomberg News reported that the planemaker may be nearing one of the largest sales in its history, potentially to be unveiled during President Trump's trip to China later this month. People familiar with the potential Boeing-China jet deal said it could be announced during President Trump's trip to Beijing from March 31 to April 2. They said the deal includes a 500-plane order for 737 Max...

Report Claims Iranian Jet Bombed American Base In Kuwait At War's Start Authored by Dave DeCamp via AntiWar.com, Iranian attacks on US bases across the Middle East have caused far more damage than the Trump administration has publicly acknowledged, and an Iranian fighter jet was able to bomb at least one US base, NBC News reported on Saturday, citing unnamed US officials. The administration has attempted to cover up the damage to US bases in the war, and has gone as far as requesting that Planet Labs and other satellite imagery companies black out war images,...