Final Warnings

Iran's Tolling Regime On Hormuz Chokepoint Would Set "Dangerous Precedent," IMO Warns The ceasefire deal in the six-week US-Iran conflict remained in doubt by late week, as Israel intensified its bombardment of Beirut, Tehran kept the Hormuz chokepoint closed, and negotiators prepared to meet on Friday even as both sides declared victory. Reports of attacks on one of Saudi Arabia's Red Sea ports, alongside the continued closure of Hormuz, did little to reassure traders in the overnight session. Risk sentiment remained fragile on Thursday morning, with equities across Asia and Europe...

What Season Is It? March temperatures across the Mid-Atlantic region were all over the place, swinging from the low 70s to cold and snowy the next day; the same pattern appears to be carrying into early April. Temperatures across the Washington, DC-Baltimore metro area were in the low 80s on Saturday, while New York City was in the high 60s. More of March's schizophrenic weather looks set to return Monday night into Tuesday, with meteorologist Ben Noll forecasting a late-season round of snow showers across parts of the Mid-Atlantic and Northeast...

PJM Targets 15 Gigawatts Of New Power To Feed Data Center Boom PJM Interconnection, operator of the largest power grid in the United States spanning 13 states and serving more than 65 million people, has launched an emergency proposal to secure 15 gigawatts of new electricity supply, according to Bloomberg. The move aims squarely at the surging AI data center demand, which has pushed the regional grid to its limits. The plan calls for bilateral negotiations to pair proposed data centers with new power plants. PJM will begin gauging interest from developers and generators...