Trump Asks Congress for Additional $87.6 Billion, Mainly for Iran War

The Iranian Foreign Ministry said on Wednesday that Iran and Oman were close to reaching an agreement on a new shipping corridor through the Strait of Hormuz, but that it wouldn’t guarantee that the waterway would be opened to all traffic. “If certain third parties do not obstruct the process, the two countries are also […]

White House Press Secretary Karoline Leavitt said on Wednesday that the US launched the war with Iran because President Trump had a “feeling” that Iranian forces were going to attack first. Leavitt made the comments when pressed on the claims that there was an “imminent threat” facing the US that justified the joint US-Israeli attack […]

Futures Rise After Trump Extends Ceasefire Even As Brent Tops $100 Futures are higher with earnings in full swing and AI winners soaring. Trump indefinitely extended the ceasefire with Iran just before its Taco Tuesday expiration, while maintaining a blockade of the Strait of Hormuz, after plans for peace talks fell apart. Still, the market doesn’t seem too concerned about the lack of a resolution, and is instead focused on a Tasnim report that Iran had received "some signs" the US was ready to break the blockade. As of 8:00am, S&P futures were...