Trump Reinstates Iranian Blockade, Stuns With 20% 'Reimbursement Plan' On Cargo Transit, Oil Prices Surge

NATO Condemns Russia After Drone Smashes Into Romanian Apartments: 'Grave Escalation' A Russian overnight attack on Ukraine reportedly involved an errant drone crashing into a 10-story apartment block in neighboring Romania, which is a member of NATO. "We condemn Russia's recklessness, and NATO will continue to strengthen our defenses against all threats, including drones," a NATO spokesperson said on X, in an initial reaction.  Romanian Department for Emergency Situations handout, via Reuters Romanian officials described that during the Russian military's assault on Ukraine, which has basically become nightly at this point, a Russian drone slammed...

The US Dollar: From Exceptional To Average? Authored by Eva Sun-Wai via BondVigilantes.com, The dollar’s slide last year looks less like a sudden break and more like the culmination of pressures that have been gathering for a while. The fading of US exceptionalism has sat quietly in the background, and once the narrative started to normalise, the cracks became clearer: softer growth expectations, slower capital inflows, and valuations that had been leaning heavily on the idea that the US could keep outperforming indefinitely. The currency came into the year heavily owned...