Large Cargo Ship Near Hormuz Reports Being Attacked, In First Escalation Since April 22

Crop Prices Hit 3-Year High As Heat & War Stoke Supply Fears; Options Whale Places $20M Corn Bet The Bloomberg Agriculture Spot Index (BCOMAGSP) climbed to a three-year high Wednesday as widening conflict across critical energy and grain trade corridors, from the Black Sea to the Strait of Hormuz and the southern Red Sea, collided with scorching heat waves across Europe and the US and mounting El Niño risks in critical agri growing belts, reviving the threat of global food inflation. BCOMAGSP is a dollar-denominated benchmark that tracks 10 major agricultural...

Trump Escalates Tariffs On EU Vehicles To 25%, Accusing Bloc Of Trade Deal Violations President Donald Trump announced Friday that the United States will raise tariffs on cars and trucks imported from the European Union to 25% starting next week, citing the EU’s failure to comply with a 2025 bilateral trade framework. "I am pleased to announce that, based on the fact the European Union is not complying with our fully agreed to Trade Deal, next week I will be increasing Tariffs charged to the European Union for Cars and Trucks...

North Korea Rips Fresh Western Criticism Of Expanding Moscow Relationship North Korea fired back on Saturday and lashed out at the Washington-Seoul alliance, tearing into a fresh South Korea-EU joint statement that condemned Pyongyang's deepening military alliance with Russia. North Korea has increasingly over the past acknowledge a significant number of troops sacrificed in support of Russia and in the context of the brutal and grinding Ukraine war. The Western-aligned statement, inked Wednesday during South Korean President Lee Jae Myung's high-profile trip to Brussels, took direct aim at the "illegal military cooperation"...