Report: Iran Demands Release of $24 Billion in Frozen Funds to End War

Barclays Warns Potential US Diesel Export Ban Could Backfire Senate Majority Leader John Thune revived discussion of a potential US diesel export ban with reporters Tuesday, a day after Interior Secretary Doug Burgum said any export halts on crude or petroleum products were unlikely to lower consumer prices. The divergence in messaging suggests growing pressure across the Trump administration to contain surging fuel costs ahead of the midterm elections as the global refining crisis pushed the US diesel crack spread to a record $117 a barrel early Wednesday morning. US Diesel...

Maersk Lifts Outlook As Wall Street Questions Whether Freight Tailwinds Can Last A.P. Moller-Maersk shares rose in Copenhagen trading after the world's second-largest container carrier surprised analysts by raising its full-year profit outlook, citing stronger-than-expected containerized demand, particularly across Asia. The upbeat guidance suggests the global container market has remained resilient despite earlier Hormuz-related chokepoint disruptions, with global shipping demand holding. The Danish shipping and logistics giant now expects global container volumes to grow about 4% this year, up from its prior forecast of 2% to 4%. It also lifted guidance...

"Doom Loop" Engaged: US Debt Hits $40 Trillion As Treasury Enters The Endgame It took the US 200 years to reach its first $1 trillion in debt. It took 95 days to add its last. After several weeks of build up, today the Treasury announced that total public debt surpassed $40 trillion for the first time, after jumping by over $60 billion in one day, and has now surged by $1 trillion in just over three months, and by a third of the total in less than five years, as US lawmakers...