IRGC Strikes Jordan Again After 2-Hour US Bombardment Kills Iranian Troops, Civilians - Hormuz Traffic Creeps Higher

Futures Slide, Oil Surges As Iran War Returns, Chip Stocks Tumble As Korea, SK Hynix Crash US equity futures are lower on a combination of US/Iran escalation (which is feeding inflationary concerns) and a violent crash in South Korean stocks (which saw SK Hynix plunge by 15% overnight, the most on record, and unironically follows its record ADR launch in the US), which has put Semis and tech under renewed pressure. On the former, this drove oil prices higher overnight, but gains have been cut in half. On the latter, there...

Iran To Grant China, 'Friendly' Countries 'Special Consideration' On Hormuz Fees Via The Cradle Iran's ambassador to China stated on Saturday that the Islamic Republic would impose service fees on vessels transiting the Strait of Hormuz, but that China and other "friendly" countries would be granted "special considerations." During a speech at the World Peace Forum in Beijing on Saturday, Iranian Ambassador Abdolreza Rahmani Fazli affirmed that Iran was working in "collaboration and cooperation" with Oman on "new arrangements" for the strait. via Associated Press Ships passing through Hormuz, through which one-fifth of the world's oil...

Why Does America Have A 'Diversity Visa'? Authored by White Papers Policy Institute and James Fulford via American Greatness, The Diversity Lottery means you can receive immigrants from almost any of these countries on the watch list for human trafficking for the sole reason that “diversity is our greatest strength.” Lucky you! The Immigration Act of 1965 abolished the National Origins quotas of the 1924 Act, which had favored European immigrants. As a result, America has had a flood of non-European immigrants . . . and Europeans were, in effect, discriminated against...