Hormuz Shock Raises Recession Risk As Retailers Sound Alarm On Consumer Stress

UBS Discusses Next Maritime Chokepoint Investors Should Watch A lot of attention has centered on the Strait of Hormuz since the waterway was effectively shut not only by the IRGC drone threat, but mostly because maritime insurers are withdrawing war-risk coverage across the region. Our focus now shifts to the other critical maritime chokepoints. If Washington can pressure Iranian oil flows and, by extension, curb China's cheap Gulf crude flows, then the Taiwan Strait and South China Sea also emerge as potential flashpoints that traders can no longer afford to...

Iranians on Tuesday held a funeral in Tehran for two Iranian military air defense personnel who were killed by Israeli strikes earlier this week as the region remains on the brink of full-scale war. Iran’s PressTV identified the slain Iranian soldiers as Bahman Hosseini and Alireza Abiri and said that the funeral ceremony was held […]

A flurry of Israeli strikes on Thursday has killed at least 16 people in the areas around Lebanon’s Nabatieh District, including women and children, and wounded dozens of others. The casualties largely came from Israeli attacks on residential buildings in southern towns and villages. As with yesterday, there were high casualty incidents in Jebchit. Today’s […]