Turkish FM Affirms Defense Pact With Pakistan, Saudi Arabia Is Same As NATO's Article 5

Iran’s Islamic Revolutionary Guard Corps (IRGC) Navy said on Monday that its forces struck another oil tanker in the Strait of Hormuz and said that it was the third ship it had hit in two days. The UK Maritime Trade Operations has said that it recorded four separate attacks on Sunday alone, suggesting that there […]

SpaceX Shares Fall Below $135 IPO Price, But The Real Story Is Its Bonds SpaceX has slipped below its much-hyped $135 IPO price, and down 40% from the all time high hit during the June 15th gamma squeeze when the stock surged above $220 if ovenright trading, an "inevitable outcome" according to Bloomberg, which lends some validation to the skepticism surrounding "a valuation that always relied more on imagination than observable fundamentals." Wall Street’s price target estimates spanned from roughly $60 to $800 (from Raymond James), a forecast that was 5x...

"Entering The Endgame": Bessent To Unveil "Economic D-Day" Assault To Isolate Iran In the coming hours, the Trump administration is expected to unveil a sweeping campaign to economically isolate Iran and its trading partners, with China likely the primary target. The escalation is designed to force Tehran back to the negotiating table, as its only leverage - the Strait of Hormuz - appears to be quickly eroding. Commercial ships are now transiting the newly opened, US military-supervised shipping corridor off Oman, raising the possibility that Iran has partially lost control...