Trump Says He Will Target Yemen’s Houthis If More Tankers Are Targeted in the Red Sea

Crop Prices Hit 3-Year High As Heat & War Stoke Supply Fears; Options Whale Places $20M Corn Bet The Bloomberg Agriculture Spot Index (BCOMAGSP) climbed to a three-year high Wednesday as widening conflict across critical energy and grain trade corridors, from the Black Sea to the Strait of Hormuz and the southern Red Sea, collided with scorching heat waves across Europe and the US and mounting El Niño risks in critical agri growing belts, reviving the threat of global food inflation. BCOMAGSP is a dollar-denominated benchmark that tracks 10 major agricultural...

Late on Friday Donald Trump claimed in a social media post that military facilities on Kharg Island were targeted. Read his Truth carefully: Trump is deep into fantasy land. Yes, I think he has lost touch with reality. He admits that the oil terminals were not attacked, just some unidentified military targets. Iran has previously warned of […]

Iran Issues 4-Stage Proposal For Deal With US, After Most Intense Overnight Clashes Since April Summary State media issues four-stage proposal for deal with US, says indirect talks are 'ongoing'. GCC blasts 'cowardly attacks' after Kuwait International Airport rocked by Iranian missiles: one dead, 63 injured. Overnight saw US-Iran exchange fire in Strait of Hormuz - as US attacked Qeshm Island - and Iran unleashed more projectiles on Gulf states. Most intense fighting since April. IRGC via state media: Tehran has frozen all back-channel communication with Washington over Israeli operations in Lebanon, calls Trump narrative...