Kicking The Can On A Ceasefire "Which Does Not Solve Anything"

Oil Spikes, Stocks Suddenly Dump During Warsh Hearing It's unclear what exactly is driving but the markets are reverting back to old habits this morning with oil spiking... ...dragging Treasury yields higher... Stocks are tanking... And so is gold... There were no obvious geopolitical headline catalysts for the move - though uncertainty remains high about the next 24-48 hours in the Middle East. Some have suggested the following comment from Fed Chair nominee Kevin Warsh may have helped (or hindered): “There’s probably no more pressing question than the cost of living.” Though that does seem like...

Zelensky Charges Russia With 'Nuclear Terrorism' On 40th Chernobyl Anniversary President Volodymyr Zelensky led Ukraine in a Sunday ceremony marking the 40th anniversary of the Chernobyl nuclear disaster, and used the occasion to call on the international community to take decisive action against what he called ongoing Russian "nuclear terrorism". There were various candlelight remembrance ceremonies in cities across Ukraine, and in the capital. Later echoing the statement on Telegram, Zelensky alleged the the Chernobyl site's the New Safe Confinement structure - built with support from more than 40 countries -...

Shipping traffic through the Strait of Hormuz remains at a minimum as President Donald Trump claims the crucial waterway is open.  The tracking agency Kpler reported on Tuesday that 32 ships transited the Strait between Friday and Monday, including just six on Sunday. 17 of the vessels used Iranian-approved shipping lanes, with only 11 using […]