Growing Number Of Oil Tankers Successfully Sneak Through Hormuz, Shrinking Iran's Leverage

Chinese DRAM Giant Enter Booming Flash Memory Market To Take On Samsung, SanDisk Chinese chipmaking giant, CXMT, and the biggest IPO of the decade in the mainland market, is preparing to enter the booming flash memory ​chip market dominated by Samsung Electronics and other foreign rivals, Reuters reported citing sources, a move that would broaden ‌its customer base amid a global memory shortage. The move would also pit the dynamic random access memory (DRAM) chip specialist against domestic rival YMTC, taking it into one of the semiconductor industry's fastest-growing segments. The relentless,...

IRGC Strikes Jordan Again After 2-Hour US Bombardment Kills Iranian Troops, Civilians - Hormuz Traffic Creeps Higher In the wake of the overnight fresh round of US airstrikes on Iran, which resulted in destruction and casualties especially along coastal areas, Iran's military has retaliated once again especially on Jordan. US Central Command (CENTCOM) announced that it completed a "heavy" wave of strikes on the Islamic Republic, in response to "attempted missile attacks" on American bases in the region earlier this week. This US wave lasted two hours, the Pentagon said, striking "military...

Futures Flat At All Time Highs Ahead Of Huge Week, Semis Set For 19th Day Of Gains Risk sentiment improved overnight on another Axios report that Iran has given the US a new proposal to reopen the Strait of Hormuz with more detailed nuclear talks expected later. Oil pares early gains, and US equity futures jumped although they have also pared gains since and are trading flat as traders await a huge week of earnings (44% of the S&P by mkt cap is set to report) and central bank decisions (Fed, BOJ, ECB, BOE...