Dispersion And Correlation Are Screaming Overbought, Downside Hedging Is Cheap

President Trump on Tuesday morning posted a series of AI-generated photos on his Truth Social account, including some showing US military attacks on Iranian military assets, a bizarre threat that comes as he is considering restarting the full-scale bombing campaign against the Islamic Republic. “Lasers: Bing, Bing, Gone!!!” read one image, which showed a US […]

Pakistan Under Security Lockdown As Iran Delegation Arrives For US Talks - Fighting Hasn't Ceased In Lebanon Summary:  Iran makes clear Lebanon fighting must end or else Pakistan talks "meaningless" - as its delegation arrives in 'locked down' Pakistan. Trump 'optimistic' a deal within reach - also as Israel-Lebanon talks scheduled in Washington next week. US delegation headed by Vance en route to Islamabad. Lloyd's: "The Iranians are willing to negotiate with certain countries to secure voyages, but only on a case-by-case basis." A handful of mostly Iranian/China-linked tankers have passed in last 24 hours. After...

Iraq Revives Syria Land Route, Post-Assad, To Export Oil To Europe Via Middle East Eye Iraq has restarted overland oil exports through Syria, marking a significant shift in regional energy logistics as the US-Israeli war on Iran continues to wreak havoc on traditional shipping routes through the Strait of Hormuz. Ali Nazar, director general of Iraq’s state oil marketer Somo, said on Wednesday that the company had agreed to export 50,000 barrels per day of Basra medium crude via Syria to the Mediterranean, with plans to increase volumes. The crude will reach European markets through the Syrian port of...