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72 Ships Transited Hormuz In A Day: US Energy Secretary Says 'Taking Away' Iran's Key Leverage
72 Ships Transited Hormuz In A Day: US Energy Secretary Says 'Taking Away' Iran's Key Leverage
WTI futures briefly fell below $70 a barrel for the first time since the US-Iran conflict erupted, as tanker flows through the Strait of Hormuz are showing further signs of normalization and physical market tightness continues to ease.
Bloomberg noted that option markets are positioning for ongoing normalization. Put volume is exceeding calls, with some of the heaviest trading in August and September expiries between $60 and $68. The September $60 strike put is one...
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Jul 7, 2026 / Tyler Durden
Futures Fall, Chipmakers Tumble After Samsung Rout; Oil Climbs
Futures Fall, Chipmakers Tumble After Samsung Rout; Oil Climbs
Stocks fell as freash volatility hit chipmakers after blowout earnings from Samsung Electronics were still not good enough (the company missed some buyside estimates) and left investors wanting even more, and sent its stock tumbling as much as 11%, forcing another 20 minute halt of the Kospi. As of 8:00am ET, S&P futures were down 0.2% and Nasdaq futures fall 1%, with chip stocks sliding in premarket trading (both Micron and Sandisk dropped more than 5%), following a tech led selloff in Asia, while...
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May 28, 2026 / Tyler Durden
Newsom Signs New Election Codes Into Law Ahead Of Statewide Primary
Newsom Signs New Election Codes Into Law Ahead Of Statewide Primary
Authored by Kimberly Hayek via The Epoch Times,
California Gov. Gavin Newsom signed into law additions to the election code on Wednesday, which his office says will protect state elections against any attempts of political interference by the Trump administration and its allies ahead of the November midterm elections.
California Gov. Gavin Newsom at a conference in Belem, Para State, Brazil, on Nov. 11, 2025. Mauro Pimentel/AFP via Getty Images
The new law, Senate Bill 73, authored by state Democratic Sens. Sabrina...
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Jun 24, 2026 / Kyle Anzalone
Israeli Defense Minister Declares IDF Will Not Withdraw from Lebanon
Top Israeli officials continue to say that Tel Aviv will not comply with the peace deal that President Donald Trump is negotiating with Iran. Tehran says a top priority is expanding the ceasefire to Lebanon. “Because what happened in the past in security zones, where there was also a civilian population [present], was roadside bombs […]
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