House Resolution Calls for Tech Companies to Censor Speech

Trump Speaks With Qatar Emir As Pakistani-Led Iran Peace Push Intensifies US-Iran de-escalation hopes drove crude oil and rates lower and put a bid in equities by the end of Friday's trading day, amid speculation that President Trump would stay at the White House over Memorial Day weekend instead of attending Donald Trump Jr. and Bettina Anderson’s wedding celebrations in the Bahamas. "As Iran/oil/rates pressure eased on de-escalation hopes, leadership rotated toward small caps, equal weight, housing, transports, discretionary, and selective defensive growth, with short covering in high short-interest/profitless tech and...

Hezbollah Will Stay Out Of US-Iran Fight, But Only If Strikes 'Limited' As the Trump White House weighs its options against Tehran, Hezbollah is signaling it may not be eager to open another front - at least not immediately, issuing a rare message which seeks to calm the mood in the region. A senior Hezbollah official told AFP that the Iran-backed group would stay out of the fight if the United States conducts only "limited" strikes against Iran - a notable caveat, but which leaves the door open if escalation goes...

Gulf Oil Is Available Again, But Asian Refiners Balk At Soaring Tanker Rates Iran and the US have a peace deal? check (for 60 days, allegedly).  Strait of Hormuz open? check (for 60 days, allegedly). Ships transiting freely? check (not really) Massive build up of Gulf oil desperate to reach Asian refiners? check. All great news, which means that oil should now flow freely and in huge amounts, right? Wrong: two of Asia's largest refiners, PetroChina and Indian Oil, failed to secure very large crude carriers to lift Iraqi Basrah crude in late June, Reuters reported, while...