UK Gilt Yields Near 30-Year Highs As Political/Geopolitical Fears Spark Trussian Chaos

U.S. Gasoline Tops $4.50 As "Shock & Awe" Level Approaches WTI futures plunged more than 11% to the $90-a-barrel level after Axios reported earlier this morning that the U.S. is nearing a preliminary agreement with Iran to end the war. The sharp decline suggests traders are beginning to price in a potential geopolitical de-escalation and the potential reopening of the Hormuz chokepoint. At the pump, however, the latest AAA data as of Wednesday morning show that the national average for regular 87-octane gasoline has climbed to $4.50 a gallon, the...

Blue Origin's New Glenn Rocket Explodes On Florida Launchpad Blue Origin’s New Glenn rocket exploded in a massive fireball while undergoing a static-fire test on a Florida launchpad Thursday evening, dealing a major setback to the Jeff Bezos-backed firm in its efforts to challenge a dominant SpaceX.  The firm was preparing the vehicle for its fourth launch, which was slated to deploy a batch of satellites for Amazon.com Inc.’s Leo, a rival satellite network to SpaceX’s Starlink. None of the satellites were on the rocket when it exploded, a spokesperson for...

Israeli forces killed at least two Palestinians in Gaza on Monday, according to the Palestinian news agency WAFA, as the IDF continues its daily attacks and constant violations of the US-backed ceasefire deal. WAFA reported that one Palestinian was killed by Israeli army fire in the Zeitoun neighborhood of Gaza City and another was killed […]