Vance Questions Pentagon’s Assessment of Iran War

US Oil Premiums Hit Record High As World Scrambles For Crude By Charles Kennedy of Oilprice.com The premiums for U.S. West Texas Intermediate crude have soared in the spot market to a record high of between $30 and $40 per barrel above key regional benchmarks as Asia and Europe scramble for supply amid the de facto closure of the Strait of Hormuz. WTI Midland is being offered for July delivery in north Asia at premiums of between $30 and $40 per barrel, depending on the benchmark against which they are marked, trading...

Next week, the Senate is expected to vote on a War Powers Resolution aimed at preventing a US attack on Cuba amid reports that the Pentagon is ramping up preparations for a potential war against the island nation. The bill, S.J.Res. 124, was introduced last month by Senators Tim Kaine (D-VA), Adam Schiff (D-CA), and […]

Gundlach Warns "Bagholders" Will "Lose Money" In Private Credit As BDCs Slash Asset Values, JPM Faces $500MM Loss In Biggest "Hung" Deal This Year Add another vocal warning to the chorus singing about the dangers of private credit.  DoubleLine CEO Jeffrey Gundlach, who has been especially critical of private credit for the past year warning last November that the space “has the same trappings as subprime mortgage repackaging had back in 2006,” raised fresh concerns about financial advisers and other principals who ushered retail investors into private credit and other so-called...