Red Sea Blockage Fears: Cargo Ship Attacked Off Southwest Yemen

S&P Set To Open At Record High As Oil Slides, Bond Rout Takes A Breather US equity futures are higher for a fourth day, putting the S&P on course for its longest winning streak in two months, and on pace for a record open. Tech is leading again, though the rest of the market is finally joining in, and the bond market has stopped screaming for a few hours. As of 8:00am ET, S&P futures are 0.5% higher at 7,865 and Dow futures are up 288 points; Nasdaq futures were...

The TSA stories, especially at Atlanta, are illustrations of interventionist non-intervention: non-delivery of promised, paid-for, and monopolized service.

Iran's Disappearing Oil Is Becoming Everyone's Problem Authored by Natalia Katona via OilPrice.com, Iranian oil is disappearing from the market just as its biggest buyer returns for more. China's recovering crude demand is colliding with the loss of a supplier that sustained its independent refiners through the crisis, forcing them to compete for increasingly expensive alternatives. The consequences reach beyond China: every replacement barrel tightens supplies for other buyers, while Tehran faces a growing incentive to disrupt the Strait of Hormuz, which is now carrying an unexpectedly strong 13 million barrels...