IAEA Chief Confirms Nuclear Inspectors Returning To Iran, No Timeline Given

Watch Live: Fed Chair Powell Speaks At Harvard University Fed Chair Jerome Powell, who has just over a month left in his tenure as head of the world's most important central bank, speaks at 10:30am ET to the Harvard University Principles of Economics class. He is not expected to make monetary policy comments.  As CNBC notes, this will be one of Powell’s final scheduled public appearances before his term ends in May. The discussion comes with markets anticipating the central bank will be on hold regarding interest rates through the end...

EU Wants Crisis Powers To Seize Control Of Chip Supplies, Seeks Restrictions On Chinese Imports The EU - which is badly lagging the rest of the world when it comes to AI development - is preparing sweeping emergency powers to intervene in Europe’s semiconductor supply chains during shortages, including by forcing chipmakers to override existing contracts, the FT reported. So much for the sanctity of those "contract-backed" backlogs...  The draft law also enables common purchasing to boost the bloc’s negotiating power, and would mark a clear expansion of the EU’s powers to...

Diesel Crack Spread Explodes To Record As Wall Street Warns Of Refined-Products "Perfect Storm" Wall Street Warns About "Perfect Storm" Diesel Crunch:  Goldman's Daan Struyven Shows Global Diesel Exports Crashing Citi's Anthony Yuen Warns: Global Diesel Inventories "Below 5YR Minimum" BofA's Francisco Blanch Warns: "Diesel's Perfect Summer Storm" Unfolding  Jefferies' Sam Burwell Warns: Hormuz Shock "Manifesting Itself In Cracks, Not Crude"  Brent crude remains hostage to daily geopolitical developments in the Gulf region more than five months into the conflict, with muted traffic through the Strait of Hormuz (read the latest US-Iran wrap) constraining tanker flows and driving refined-product markets...