India Caps Fuel Sales To Avoid Shortages

Jobless Claims Continue To Show No Signs Of Labor Market Stress Initial jobless claims continue to hover near multi-decade lows, refusing to show any signs of labor market stress. Last week saw 212k American file for jobless benefits for the first time (below the 216k expected). Unadjusted claims tumbled to the lowest since September... Source: Bloomberg Michigan and New York saw the largest drop in initial jobless claims last week while Rhode Island and Oklahoma saw the bigger rise in claims... The number of Americans filing for continuing jobless claims also dropped last week...

Oil Plunges As Iran 'Completely Opens' Hormuz, US Reportedly 'Mulls' $20BN Cash-For-Nukes Deal, Summary Iran's Aragchi says "Strait of Hormuz is declared completely open" US mulls cash-for-uranium deal as 'three-page' MOU peace plan takes shape Peace talks reportedly on Sunday in Islamabad Iran Opens Hormuz In a rather shocking turn of events, Iran's Foreign Minister Seyed Abbas Aragchi posted on X that the Strait of Hormuz is open: "In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire,...