Israel’s Days Are Numbered

US strikes against Iran that began on Tuesday night damaged two water reservoirs in Sirik county in Iran’s southern Hormozgan province, cutting off water supplies to 20,000 Iranians amid sweltering heat, Iranian media has reported. “Unfortunately, following this attack, 20,000 residents of the region have lost access to safe drinking water, and with temperatures ranging […]

Hormuz Normalization Begins As Saudi Supertankers Exit And A Flood Of Persian Gulf Oil Heads For Asia Summary: Kuwait Petroleum CEO says Energy Production to Ramp in a Week  Iran Media says Southern Ports Traffic Begins Normalizing  Hormuz Normalization Begins As Saudi Supertankers Exit And A Flood Of Persian Gulf Oil Heads For Asia Searching For Hormuz Normalization Signals  Attention on institutional desks is shifting toward normalization signals at the Strait of Hormuz maritime chokepoint. At the time of writing at least 14 transits through the Strait of Hormuz were recorded on Thursday June 18 -...

BOJ Keeps Rates On Hold In Rare 6-3 Vote Split As It Warns Of Looming Stagflation In the first G5 central bank announcement of the week, overnight the Bank of Japan held its benchmark interest rate in a 6-3 vote, despite forecasting a sharp rise in inflation as the war in the Middle East sends commodity prices higher and clouds the global economic outlook while testing Japan's given its exposure to rising energy prices. While the decision on Tuesday to keep rates at about 0.75% was in line with market expectations,...