India's Fuel Exports Set To Soar In July As Refining Margins Jump

Futures Slide, Oil Jumps After Trump Declares Iran Ceasefire Over Markets are on the backfoot this morning with equity futures and macro credit under pressure, bond yields spiking, the USD higher, and oil jumping after President Trump thrust geopolitical risks back into focus by declaring the ceasefire between the US and Iran to be over calling it “a waste of time” after the US launched strikes against Iran in response to attacks on ships transiting the Strait of Hormuz. As of 8:00am, S&P 500 futures slid 0.7% and Nasdaq futures slumped 1% dragged...

Democrats Will Try Not To Act Like Children During Trump's State Of The Union Address President Donald Trump will deliver his State of the Union address on Tuesday evening, and according to reports, many seats will be empty. Earlier this month, House Minority Leader Hakeem Jeffries gave his caucus its marching orders in a closed-door meeting: sit in the chamber with "silent defiance" or don’t attend.  "The two options that are in front of us in our House is to either attend with silent defiance or to not attend, and send a...

Trump Demands Iran 'Release These Women' As World Tensely Awaits 2nd Pakistan Talks, US Navy Boards Another Vessel Summary Neither side wants to appear 'weak' by flying to Pakistan first without the other side having already clearly committed. Trump warns: 'Expect...bombs' & urges Tehran "release women" said to be on death row. Iran has informed Pakistan it is sending a delegation, but still no sign or confirmation that the delegation is en route. Overnight, US forces conducted a right-of-visit, maritime interdiction and boarding of the stateless sanctioned M/T Tifani in Indo-Pac region: CENTCOM As...