Iran's 90-Day Internet Blackout Ends As NetBlocks Confirms Partial Restoration

JPM Stock Fizzles Despite Blowout Quarter As Key Forecast Cut One day after Goldman Sachs reported its highest profit in 5 years (despite an ugly miss in FICC revenues), this morning JPMorgan impressed with just as solid results, when it reported that its Q1 profits rose 13% as the bank benefited from soaring market volatility and frantic trading amid the war with Iran and the US military operation in Venezuela. The largest US bank reported net income of $16.5bn, beating analyst estimates of a $15.2bn print, up from $14.6bn a year...

India Keeps Buying Russian Oil At Near-Record Pace Despite Expired Waiver Authored by Tsvetana Paraskova via OilPrice.com, India's crude oil imports have remained close to record-high levels in July despite the end of the U.S. waiver the previous month. The U.S. quietly let the waiver allowing the purchase of Russian oil loaded on tankers expire on June 17, just as the U.S. and Iran signed the memorandum of understanding to continue negotiations on a deal. Yet, Indian imports of Russian crude has continued to flow in July, many of which may have been...

Senate Democrats on Tuesday blocked the advancement of the 2027 National Defense Authorization Act, citing President Trump’s war with Iran, which continues to rage following the collapse of the US-Iran Memorandum of Understanding. The NDAA would provide the Pentagon with over $1.1 trillion in funding as part of the White House’s plan for a $1.5 […]