Futures Flat As Traders Brace For Weekend Iran Escalation

Canada Taunts Beijing With Frigate's Taiwan Strait Transit Despite Carney's China Reset Just days before a high-stakes meeting of Canadian officials with Chinese Foreign Minister Wang Yi in Ottawa, a Canadian frigate defied Beijing’s explicit warnings and sailed directly through the Taiwan Strait.   The Halifax-class frigate HMCS Charlottetown pulled off the transit in a rare solo run, without American or other accompanying vessels, bypassing the usual joint patrols with allied nations. via Royal Canadian Navy According to a delayed statement from Canada's Department of National Defense spokesperson Andrée-Anne Poulin: "On May 22,...

Israeli strikes in Gaza on Thursday have killed at least three Palestinians as the IDF continues its constant violations of the US-backed Gaza ceasefire deal. One of the strikes hit a vehicle in Gaza City, and according to the Quds News Network, the strike was an assassination attempt targeting a Hamas spokesman, Hazem Qassem, who […]

Aluminum Supply Shock: Top Gulf Producer Halts Operations After Iran Strike, Price To Spike Over the weekend, both Emirates Global Aluminum (EGA) - the largest aluminum producers in the Gulf - and Aluminium Bahrain (ALBA) reported drone attacks damaging smelting facilities after hits on Iranian steel infrastructure last week. Neither company (at the time) confirmed whether supply will be impacted, but this morning the worst case appears to be confirmed with Reuters reporting that according to a Wednesday note by consultancy Wood Mackenzie "EGA's Al Taweelah facility in the United Arab Emirates halted...