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Oil Soars On Saudi-Houthi Missile Attack; Trump Reinstates Iran Blockade, Floats 20% 'Reimbursement'
Oil Soars On Saudi-Houthi Missile Attack; Trump Reinstates Iran Blockade, Floats 20% 'Reimbursement'
Summary
Reports of Houthi missiles launched on Saudi Arabia: oil extends gains near month-highs.
Trump says US blockade of Iran ports 'reinstated': states that US to be reimbursed at rate of 20% of cargo shipped for vessels wishing to transit. CENTCOM affirms with closure message.
Strikes escalated over weekend: US hit over 140 Iranian military targets; Iran attacks US-linked facilities across the Gulf.
Shipping tensions boil: Iran claims the strait is closed, but commercial vessels continue transiting under US protection.
Oil prices climb:...
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Jul 17, 2026 / Tyler Durden
HSBC Upgrades Apple To Buy, Sees "AI Boost" Sparking Device-Upgrade Cycle
HSBC Upgrades Apple To Buy, Sees "AI Boost" Sparking Device-Upgrade Cycle
Days after KeyBanc analysts Brandon Nispel and John Vinh downgraded Apple over concerns that soaring memory chip costs and rising iPad, Mac, and iPhone prices could spark a growth slowdown, HSBC analysts took the opposite view, upgrading the stock to a "Buy" rating to end the week.
HSBC analyst Nicolas Cote-Colisson upgraded Apple to "Buy" from "Hold" on Friday morning and raised his price target to $366 from $260, telling clients that an "AI boost comes at the right moment"...
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Jun 26, 2026 / Tyler Durden
Trump Jokes "I'd Be The Greatest Communist In History" As Democratic Elites Panic Over Socialist Hijack
Trump Jokes "I'd Be The Greatest Communist In History" As Democratic Elites Panic Over Socialist Hijack
A series of high-profile Democrats and party strategists this week sounded the alarm that socialists have hijacked the Democratic Party, with radical left-wing revolutionaries increasingly gaining power not just in local elections across the country, but most notably in far-left-controlled New York City.
Let's begin with President Trump's overnight comments on Truth Social, in which he told the anti-American, pro-globalist radical left:
The Communists are finally making their move. I've been waiting and preparing for this...
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Jun 5, 2026 / Tyler Durden
Where It's Hardest To Afford A Home
Where It's Hardest To Afford A Home
Big cities like Hong Kong or Los Angeles are well-known for their expensive real estate markets. But there are also plenty of housing markets you wouldn’t necessarily expect among the least affordable – including several in Australia, New Zealand and Canada.
As Statista's Tristan Gaudiaut details below, according to a 2026 ranking by Forbes, Hong Kong remains the world’s least affordable housing market, with median home prices still more than 16 times higher than median pre-tax household incomes, based on the dominant housing type in each market.
You...
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