10,000 Excess Deaths During June European Heatwave, Official Data Show

Brent Tops $100 As Gulf Conflict Escalates; UBS Warns US-Iran "Off-Ramp Remains Elusive" Brent crude futures topped $100 a barrel for the first time since July as US strikes on Iranian oil tankers and renewed attacks on Saudi energy infrastructure and a US base in Jordan suggested to UBS energy specialist Dominic Ellis that a "US-Iran off-ramp remains elusive." Ellis adds more color on the overnight Gulf developments and response in the crude oil market: Brent topped $100/bbl as the US and Iran continue to trade strikes around the Strait of Hormuz.  The...

The Inflation Spark That Could Become A Deflation Shock Authored by Robert Burrows via BondVigilantes.com, Memory chips have quietly become the most important commodities in the global economy. DRAM (Dynamic Random Access Memory) is considered the workhorse of the digital world. It functions as the operating memory when a device is turned on, and this memory is lost when a device is switched off.  These chips are used in almost all electronic devices. They play a critical role and sit at the heart of everything from AI servers, cars, smartphones, laptops and...

US To Order 3,000 82nd Airborne Soldiers To Mideast; Tehran Appoints Larijani Successor, Cuts Gas Flows To Turkey Summary WSJ, Fox reporting 3,000 elite Army Airborne soldiers to be ordered to Middle East. Backchannel diplomacy vs skepticism: Abbas Araghchi reportedly signaled openness to negotiations with the US via envoy Steve Witkoff, but Israel has appeared cool on deal prospects or offramp. Heavy exchange of fire and testing red lines: Iran continues missile and drone waves targeting Israel and US bases, amid reports of overnight airstrikes on military and gas infrastructure near Isfahan. Iran reshuffles its...