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Oil Slides After Iran Says US Agreed To Lift Oil Sanctions During Talks, Long-Term 'Nuclear Freeze' On Table
Oil Slides After Iran Says US Agreed To Lift Oil Sanctions During Talks, Long-Term 'Nuclear Freeze' On Table
Saudi state-owned Al Arabiya early Monday has issued a bombshell if true (but still very much not officially confirmed), reporting that Iran has agreed to a long-term nuclear freeze instead of a complete dismantling. The outlet also reports that Iran has withdrawn its demand for compensation, instead demanding economic concessions. However, this could be highly dubious, given over the past several days Tehran has not shown willingness to back down from this demand of compensation.
It...
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Aug 31, 2026 / Tyler Durden
Bessent To Unveil Weekly Iran-Related Secondary Sanctions, After 1st Round Falls Flat
Bessent To Unveil Weekly Iran-Related Secondary Sanctions, After 1st Round Falls Flat
The US Treasury Department plans to roll out new secondary sanctions every week to intensify economic pressure on Iran, US Treasury Secretary Scott Bessent revealed Sunday.
"You're going to see a lot more of these every week," Bessent said ahead of a meeting of Group of 20 (G20) financial leaders in Asheville, North Carolina, confirming that announcements will come on a weekly basis.
The warning and threat follows on the heels of the US having sanctioned a couple UAE branches of a...
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Jun 19, 2026 / Tyler Durden
FundStrat's Newton: Why Not Replace The FOMC With AI?
FundStrat's Newton: Why Not Replace The FOMC With AI?
Short of abolishing the Fed (much preferred), would automating the Fed make more sense than the current system? Should we trust Kevin Warsh, Jerome Powell, and Lisa Cook to read the tea leaves each month and decree rate changes for us commoners?
That was Fundstrat's Mark Newton’s suggestion during last night's ZeroHedge debate on his H2 market outlook. He pointed out the new chair’s plan to eliminate “forward guidance”, a term invented under the previous chair Powell in which the Fed strategically...
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Jun 3, 2026 / Tyler Durden
Uber Introduces $1,500 Monthly Cap On AI Coding Tools After Budget Blowout
Uber Introduces $1,500 Monthly Cap On AI Coding Tools After Budget Blowout
Uber has set a $1,500 monthly cap on employee spending for specific AI coding tools after the company exhausted its entire 2026 budget for those tools in the first four months of the year.
The limits apply to agentic coding platforms such as Anthropic’s Claude Code and Cursor, according to Stocktwits. Prior to the caps, some engineers were generating monthly bills between $500 and $2,000 in token consumption as adoption of the tools surged following their rollout in late 2025.
In...
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