US And China Agree To Establish Trade And Investment Boards As Trump-Xi Summit Delivers Modest Wins

Pentagon Strikes Iranian Island Target, In First US Military Action In Weeks Update(1615ET): Things have been quiet for many days and weeks on the military front when it comes to the Iran war, but on Sunday there are some emerging reports of new but limited US strikes. According to the latest late Sunday from Axios: Senior American official: Earlier today, American forces attacked two Iranian launchers on Larzac Island. Revolutionary Guard forces were observed preparing to launch rockets carrying sea mines toward the Strait of Hormuz. So despite the White House signaling...

Ukraine, U.S. Draft Defense Deal To Supercharge America's Kamikaze Drone Production U.S. and Ukrainian officials have drafted a memorandum that could open a formal channel for Kiev to export battle-tested war technology to the U.S., while also easing the path for U.S. defense firms to form joint ventures with Ukrainian "war unicorns" to mass-produce low-cost, one-way attack drones. The report comes from CBS News, citing three sources familiar with the matter, who say U.S. State Department officials and Ukraine's Deputy Prime Minister for European and Euro-Atlantic Integration, Olha Stefanishyna, are working...

Why Oil Markets Could Face A Generational Shock This Summer If US-Iran Talks Fail President Trump is signaling "make a good deal" or walk away with no deal at all. Overnight hostilities around the Hormuz maritime chokepoint highlight just how fragile the ceasefire remains as Washington and Tehran try to solidify a peace deal to end the conflict. The timing of a peace deal is very important because, as we have warned readers, a no-deal scenario would collide with a deteriorating oil-supply backdrop by summer, when global buffers and floating storage begin...