Article
Trump Suggests He Could Restart Yemen Bombing Campaign in Response to Red Sea Blockade
President Trump on Tuesday suggested he could restart a bombing campaign in Yemen in response to the Houthis, officially known as Ansar Allah, enforcing a blockade on the Red Sea. Trump’s comments came after Ansar Allah announced a maritime blockade on Saudi Arabia, which came a week after the Saudis bombed Yemen’s Sanaa airport to […]
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Oil Up, Stocks Down As War Rhetoric Rises, Deadlines Loom
Oil Up, Stocks Down As War Rhetoric Rises, Deadlines Loom
After a long weekend of kinetic and verbal escalation (and a strong payrolls print), and with President Trump reminded Iran that his deadline for a deal looms, it is no surprise that oil prices are higher in early trading...
WTI topped $115...
Near post-war highs...
And despite the recent hope-filled decoupling of oil and stocks...
...S&P futures also weak, down around 0.7% in the early trading...
Treasury futures and gold are lower with USD/JPY near 159.70.
While the Iran conflict has established an ongoing state of caution...
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