US Jobs Jump 115K, Smashing Estimates; Unemployment Rate Unchanged At 4.3%

'Delusional': Iran Fires Back At Trump's Make 'Hormuz Strait A Territory Of The US' Ambitions Predictably, Iran has on Saturday issued a full-throated rejection of President Trump's Friday evening words related to the status on the conflict and energy transit in the region. In a speech on New York's Long Island, Trump introduced the idea of declaring the Strait of Hormuz a US territory. "After we finish defeating Iran, which is being very badly defeated — pretty soon, I'll be declaring the Hormuz Strait a territory of the United States," Trump...

"Door Of Doom" Looms As 30 Year Yield Soars To 19 Year High After Two Huge Treasury Block Sales Bond yields continued to move sharply higher today, driven in large part by the aggressive repricing in the oil strip as markets (finally) price in a lengthy disruption to Hormuz traffic which has pushed year-end prices higher by about $12 in the past month. The result has been a spike across virtually all tenors: *US 2-YEAR YIELD RISES TO 4.11%, HIGHEST SINCE FEBRUARY 2025 *TREASURY 5- AND 7-YEAR YIELDS RISE 10 BASIS POINTS ON...

Asia Begins Pricing US Oil Against Brent As Dubai Volatility Spikes Submitted by Michael Kern of OilPrice.com Asian refiners have started pricing their orders for U.S. crude oil against the ICE Brent benchmark instead of the typical pricing on Dubai crude, as the Middle Eastern benchmark has seen wild fluctuations amid choked physical supply from the Persian Gulf. Dubai crude prices soared last week to an all-time high of $169.75 per barrel, and were around  $130 a barrel early on Friday. These highly volatile prices and the uncertainty about supply from the Middle...