Tulsi Gabbard Resigns As Director Of National Intelligence

Fighting flared in the Persian Gulf over the weekend after the US and Oman challenged Iran’s control over the Strait of Hormuz.  On Wednesday, Oman announced a new shipping route through the Strait of Hormuz that bypassed the Iranian shipping lane. Tehran viewed the move as a violation of the memorandum of understanding (MOU) that […]

10Y Yield Extends Rise After Surge In ISM Manufacturing Prices After ISM's almost unprecedented bounce higher in January, US Manufacturing dipped in February: S&P Global Manufacturing PMI fell from 52.4 to 51.6 - weakest in seven months ISM Manufacturing PMI fell from 52.6 to 52.4 (better than expected) And this is occurring as 'hard' data ebbs lower... “February saw US manufacturers report the weakest expansion since last July, in a further sign that the overall pace of economic growth has moderated in recent months," according to Chris Williamson, Chief Business Economist at S&P Global Market...

Satellite Data Shows Iran Moving Crude Through Hormuz Chokepoint, Putting Kharg Island In Focus Ten days into the U.S.-Israeli Operation Epic Fury against Iran, which has forced shut-ins at major Gulf oil and gas facilities, disrupted production at key oil fields, sent stockpiles soaring, sparked a global energy crisis (Brent crude hit $119/bbl highs overnight) and severely disrupted commercial shipping through the Strait of Hormuz, the world's most critical energy chokepoint, new satellite imagery data from TankerTrackers, first cited by Bloomberg, suggests Tehran has recently moved substantial volumes of crude...