Oil Jumps, Futures Drop On Fresh Iran Strikes, Hormuz Confusion

Israeli Prime Minister Benjamin Netanyahu is seeking approval from Saudi Arabia to join the war in Yemen against Ansar Allah, also known as the Houthis, Haaretz reported on Monday. The report cited an unnamed diplomatic source who also said that Saudi Crown Prince Mohammed bin Salman opposed Israeli military involvement over concerns about likely domestic […]

European Inflation Jumps Most Since 2022 On Soaring Energy Prices Even As Core CPI Unexpectedly Shrinks In an early preview of the coming inflation spike, the euro area saw its steepest jump in inflation since 2022 as the Iran war pushed energy costs sharply higher, backing expectations that the ECB will have to raise interest rates. In March, European consumer prices rose 2.5% from a year ago in March - and up a whopping 1.9% from the previous month - to the highest since January 2025. The silver lining: the median estimate...

Trump-Backed "El Tigre" Takes Power In Colombia As Right-Wing Wave Sweeps Americas Colombia entered a new political chapter as Trump-backed President Abelardo de la Espriella was sworn into office Friday, pledging to reverse much of former President Gustavo Petro's nation-killing socialist agenda and to restore law and order, a free market economy, and relations with the United States. 🔥 AWESOME! New Trump-endorsed Colombian President Abelardo de la Espriella is GOING OFF after his inauguration into office, he's now preparing to work closely with 47 to decimate the drug traffickers This is a...