US Treasury Secretary Threatens Oman With Sanctions If It ‘Facilitates Tolls’ for the Strait of Hormuz

Futures Jump After Overnight Rollercoaster Session As Oil Unexpectedly Tumbles, Yen Soars Futures erase an overnight slide, and have resumed their ascent trading near all time highs, despite a hawkish Fed statement but stronger Mag7 earnings. The hawkish Fed followed by a less hawkish press conference, plus the news that Powell is staying on seemingly removing a cut, actually have bond yields lower pre-mkt by 2-4bp as the Dollar weakens on what appears to be BOJ intervention which has sent the USDJPY plunging most since 2022. As of 8:00am ET,...

Several House Democrats expressed anger with Rep. Rashida Tlaib after the Democratic Congresswoman introduced a War Powers Resolution that would force President Donald Trump to halt Israel’s war against Lebanon.  The War Powers Resolution introduced by Tlaib in late March says, Tlaib unveiled her legislation in late March that requires the “removal of all US […]

Give Peace A Chance By Benjamin Picton, senior market strategist at Rabobank It was TACO Tuesday again in the United States this week as President Trump announced that he was pausing Operation Freedom “for a short period” after it had been underway for just one day. Channelling John Lennon, Trump indicated that progress in negotiations with Iran had convinced him to ‘give peace a chance’, but that the US blockade of Iranian ports would remain in place for now. The Dow Jones, S&P500 and NASDAQ all closed higher and US stock futures...