So Where Does Wokeism Come From? (Spoiler Alert: The French, Of Course!)

US Strikes Iran Energy Assets, Tehran Vows Retaliation; Iran Intel Chief Killed, Trump Muses On 'Finishing Off Terror State' Summary Israel says Iran's intelligence chief Esmail Khatib was eliminated overnight as pace of top leadership killings accelerates. Iran says upstream oil and gas assets are under attack for first time since war began, readies retaliatory action against oil/gas assets in Gulf area, including Qatar, Saudi Arabia, & UAE Iraq reroutes some flows through Ceyhan Pipeline to Turkey Iran reiterates new rules in place for Hormuz transit as traffic remains de-minimus, sparking reports that "the...

Watch Live: Fed Chair Warsh Explains 'Hawkish' Hold Having delivered the biggest "non-cut" surprise to markets in decades - by holding rates unchanged (markets were pricing a 35% chance of a hike) - and given Warsh’s distaste for forward guidance, he is unlikely to offer any clearer signals during the press conference. Bear in mind that since 2015, traders have foreseen the Fed’s ultimate rate decision with an average error of 2.4 basis points the day before the central bank’s announcement, according to a note from Ian Lyngen, head of US rates...

Houthis Unleash Major Missile Barrage On Saudi Arabia's Sprawling King Khalid Air Base Summary Houthis attacked a Saudi air base with missiles and drones, claiming major damage. Houthis seized more Red Sea territory, including Perim Island near the Bab al-Mandab Strait. Shipping risks are rising, with vessels avoiding the Red Sea and taking longer routes around Africa. Iran-Gulf diplomacy was postponed, delaying efforts to address the Strait of Hormuz crisis in what was to be a rare GCC-Iran meeting. Saudi oil exports face ongoing disruption after a pipeline shutdown, pushing oil prices above $100/barrel. Trump invokes...