Futures Flat As Traders Brace For Weekend Iran Escalation

UMich Sentiment Extends Bounce From Record 46-Year-Lows As Gas Prices Ease Having rebounded from record (46 year) lows in June, University of Michigan's preliminary July Sentiment survey was expected to show further improvement as gas prices fell since the US-Iran 'peace' MoU signing (before rising modestly in the last few days of the reignited conflict). And indeed it did, headline Consumer Sentiment jumped from 49.5 to 54.4 (51.0 exp) - its highest since February... "With the second straight month of 10% jumps," said UMich Dirctor of Surveys, Joanne Hsu, pointing out that "consumer...

Massachusetts Dems Advance Bill To Limit How Far You Can Drive In Your Own Car Authored by Steve Watson via Modernity.news, Massachusetts lawmakers are barreling ahead with a bill that would force the state to slash the total miles residents drive, all under the banner of cutting greenhouse gas emissions. The proposal, Senate Bill S.2246, doesn’t slap a hard cap on your daily commute… yet – but it orders the Massachusetts Department of Transportation (MassDOT) to set binding goals for reducing statewide vehicle miles traveled (VMT). It also creates a new government council tasked with pushing...

Oil Jumps As Report On 6-Month Iran Deal Timeline Crushes Ceasefire Hopes, Hormuz Still Locked Down Summary Trump unveils 10-day Lebanon ceasefire, but which Hezbollah has not signed on for, amid heavy IDF attacks on south. BBG reports on potential 6-month timeframe for comprehensive Iran deal, oil spikes. Iran seeks to boost rial through toll payment scheme; vessels pay Hormuz passage through Iranian banks. US Navy: vessels seeking entry into Hormuz Strait now fair game for boarding, search, and outright seizure - including for suspicion of 'contraband'. Hegseth: US forces are ready to restart...