Israeli Attacks in Gaza Kill Six Palestinians in 24 Hours

Hormuz Shock Raises Recession Risk As Retailers Sound Alarm On Consumer Stress Oil market experts at Rapidan Energy Group warn that a prolonged closure of the Strait of Hormuz could trigger an oil shock severe enough to hit consumers hard and push the economy into a downturn on a scale approaching that of the 2008 Great Recession. That warning was reinforced by a UBS analyst, who cautioned that sharper slowdowns for working-class households could emerge this summer as gasoline pump prices average north of $4.50 per gallon this week and collide...

Russia Expresses Alarm Over Deepening NATO-South Korea Ties Moscow and Pyongyang have quite obviously deepened their relations in unprecedented ways over the past years since the Ukraine war began, and this has been most on display with the transfer of thousands of North Korean troops in support of Russian forces, and DPRK soldiers even losing their lives while fighting Ukraine. So it's only to be expected that Russia side with North Korea in the long-running conflict and standoff with South Korea. But now the Kremlin senses Seoul is moving ever closer...

Futures Slide Ahead Of Massive $5.7 Trillion OpEx As Iran War Shows No Signs Of Easing Futures are weaker heading into the weekend after US equities finished lower yesterday despite Netanyahu headlines leading to a late day bounceback into EOD. Geopolitical headlines remain the focus overnight with Brent rising as much as 90bps before reversing, as Iran pressed ahead with hitting energy assets & headlines that the US is considering plans to occupy Iran’s Kharg Island to press for the reopening of the Strait of Hormuz. As of 8:15am, S&P 500...