More States Enact New Laws Curbing Teachers Unions

Oil & Stocks Mixed To Start Week As War Escalates & Gamma Unclenches Update (1845ET): After an initial kneejerk higher in oil and lower in stocks, things have settled a little with both hovering around unch... Brent is sliding a little from Friday's highs... Equity futs are back around unch... There's a long way til dawn... *  *  * Following a weekend where geopolitical headlines swung from "winding down" (Friday after the close) to threats, deadlines, and "obliteration" tit-for-tat talk suggesting no end in sight, it is perhaps no surprise that oil prices are up...

Japan To Welcome First Crude Cargo Via Hormuz Since War Began By Tsvetana Paraskova of OilPrice.com A supertanker carrying 2 million barrels of Saudi crude is set to arrive in Japan early next week after clearing the Strait of Hormuz in late April, in the first shipment of Middle East crude to Japan via the chokepoint since the Iran war began on February 28. The Idemitsu Maru very large crude tanker; Photo: MarineTraffic The very large crude carrier (VLCC) Idemitsu Maru, which had departed from Saudi Arabia’s Ras Tanura port in the Persian Gulf...

Iran Signals Ready To Deescalate After Defense Minister, IRGC Chief Killed In US-Israeli Strikes Update (10:00ET): Will the chaos be contained, after Iran unleashed retaliatory missiles on at least five regional countries, including Israel? Iran is quickly signaling that it's not willing to escalate this further, hoping for a halt in the US-Israeli operation: Iran is attacking U.S. military facilities in the Middle East region and not "Americans in their land," Iranian Foreign Minister Abbas Araghchi said in his exclusive interview with NBC News. He added that Tehran was interested in de-escalation and ready...