Trump Says US ‘Must Respond’ After US Apache Helicopter Shot Down Near Iran

Futures Flat With All Eyes On Interest Rates And Oil Futures are flat but off their lows as Tech gets a boost from a huge Hynix buyback, which erased ~8% decline to trade up as much as 2% and reversed a 5.8% drop in the Nikkei; the ADRs are +5.6% pre-mkt boosting both Memory and Korea ETFs. As of 8:15am ET, S&P futures are fractionally in the green, with Nasdaq futures down 0.1% even as momentum looks to retrace some of yesterday’s losses. In premarket trading, Semis, Memory, and Mag7...

Tehran's Toll Booth For Hormuz Strait Divides Countries Into 3 Categories The last several days have seen a limited number of foreign vessels successfully and safely cross the Strait of Hormuz for the first time, amid the ongoing de facto military blockage by Iran. A group of several vessels, namely French, Japanese, and Oman-linked ships were reported to have crossed the strait at the end of this week. This included Malta-flagged 'Kribi,' owned by French shipping group CMA CGM, having exited the Gulf through an Iranian-approved corridor, broadcasting "owner France" - as we...

A senior Iranian official said President Donald Trump’s maximalist demands and erratic behavior are harming the diplomatic process.  “Our assessment is that Trump effectively lacks both a coherent plan and the capacity to secure even a temporary agreement. His decision-making appears to be grounded in Israeli political and security assessments, conveyed to him on a […]