Live Cattle Futures Tumble To Seven-Month Low, But Bernstein Says Beef Prices Will Stay Elevated

Chokepoint Madness: Iran Refuses Hormuz Talks As Houthis Threaten Red Sea Strait Summary Oil rises on news of a second massive Marine deployment toward Gulf in a week, as Trump calls NATO a 'paper tiger'. IRGC contradicts Bibi: says missile production is ongoing, is of "no concern" - even as IRGC spokesman Ali Mohammad Naeini is reported killed. Energy war ongoing: Major sites damaged across the region - Haifa refinery hit, Qatar LNG output cut 17%, Kuwait facilities ablaze. Kharg Island escalation looms: Trump admin weighing seizure of Kharg Island to reopen Hormuz; Thousands...

Iran Proposes 7-Day Roadmap To End War Which Mimics June MoU Iranian Foreign Minister Abbas Aragchi has newly proposed to the US side a seven-day roadmap aimed at ending the war, while the top Iranian delegation is still in New York City engaged in deep diplomacy on the sidelines of the UN General Assembly. Aragchi is said to be planning to stay through the weekend while waiting on a US response to the plan. So far it seems Tehran hasn't backed down from its core conditions, and its roadmap proposal is...

India Summons Russian Envoy, Furious At Mass Casualty Tanker Strike In Black Sea Tit-for-tat attacks on shipping between Ukraine and Russia have ratcheted of late in the Black Sea. At least half a dozen commercial vessels have been attacked in these waters over the past two weeks alone. The situation is almost becoming akin to a Hormuz crisis in its own right, as oil transit slows. Tragically, there's a mounting death toll among crew members caught in the crossfire. One of the biggest single casualty events - if not the biggest...