Iran’s IRGC Claims Its Forces Destroyed US HIMARS Missile Launchers in Kuwait

"Blockbuster Week" Preview: Fed, ECB, BOJ On Deck, Earnings Avalanche, GDP, PCE Tomorrow marks exactly two months since the strikes on Iran began. As DB's Jim Reid writes, while there is currently a rolling, open ended ceasefire that started on 8 April, the risk of it collapsing at any point remains real. Just as the weekend news looked like it was leaning negatively though, last night reports came through that Iran have offered the US a fresh proposal to reopen the strait and end the war. However as Axios and...

Saudis On Trump's Israel Normalization Demand: 'Tweets Don't Overturn Signed Deals' Update(1258ET): Saudi unnamed officials are pushing back, as expected... After President Trump earlier this morning in a Truth Social post asserted that the already signed US-Saudi nuclear deal would actually be conditioned on Riyadh joining the Abraham Accords, journalist Laura Rozen quotes an unnamed Saudi source who says Trump’s demand is too late. "It was signed. So nothing to renegotiate," the Saudi source says. "Tweets don’t overturn signed agreements." Is the 'civilian nuclear energy' deal already dead on arrival, even as it's...

Sign(s) Here, Here, And Here By Michael Every, global strategist at Rabobank After pricing in nearly 40 pronouncements of US victory since early April, markets have naturally embraced a US-Iran ‘deal’ now e-signed --with a thumbs up emoji?-- so all that’s left is a ceremony to mark the event on Friday. That and the details of what was signed, which are still lacking from the US. In their absence, we get more polymetis spin from both sides. Iran is saying they got everything they wanted, and there are signs of that. Weeks...