Iran’s Ghalibaf Says Trump Engaging in ‘Theater Diplomacy’

"Late Spring Buyer Rush": US Pending Home Sales Just Surged By The Most In Almost 2 Years Pending home sales in the US were expected to rise for the fourth straight month in May and they did with a huge beat (+3.8% MoM vs +0.9% MoM exp - above the highest analysts estimate), which was slightly offset by a downward revision for April (from +1.4% to +0.3%). That is the best monthly improvement in pending home sales since Sept 2024 and that lifted sales by just over 2% YoY. “A late spring...

Saudis Bypass Hormuz As Oil Exports From Yanbu Surge Toward 5 Million Target One week ago, when fears that the Strait of Hormuz blockade would mean a permanent collapse in oil supply (we have since seen that Iran is allowing "friendly" ships to cross the strait, especially if they grease the toll-keeper with $2 million per crossing) hit a fever pitch and pushed the price of Brent to $120, we said that "Saudi Arabia Has Already Revived More Than Half Its Oil Exports Via Hormuz Bypass."   With Iran blocking Saudi ships from...

Late Friday Trump Bombshell: US Makes Deal For 'Permanent Control' Over Greenland's Security President Trump late in the day Friday issued a lengthy, and absolutely bombshell and historic (if true) Greenland-related post on Truth Social, after a long relative silence on what was early on a core priority of his administration. He has announced that United States has entered into a security agreement with Denmark and Greenland to control the resource rich autonomous territory claimed by Denmark - though at this early stage (and it being night time in Europe) it is...