Russia To Intensify Attacks On Sources Of Western Support In Ukraine: Lavrov

Iran Tells Houthis To Close Red Sea Energy Chokepoint If Trump Bombs Power Grid Yemen's Houthis have long warned of their ability to close the Red Sea oil route, but have by and large stayed on the sidelines of the expanding Gulf regional conflict which is focused on Iran since Operation Epic Fury began. Things began changing dramatically this month, however, after Saudi warplane incursions into Yemen - which bombed Sanaa International Airport on July 13 - in an effort to prevent an Iranian commercial jet from landing there. via Marine Insight The...

Brazil's Rightward Shift: UBS-Hosted Consultancy Puts Bolsonaro's Runoff Election Odds At 85% Brazil's benchmark Ibovespa index surged above 200,000 for the first time Monday, posting its biggest one-day gain in more than six years, while the real rallied sharply after right-wing Senator Flávio Bolsonaro finished ahead of socialist President Luiz Inácio Lula da Silva in the first round of the presidential election. Market Reaction:  Brazil Just Became The Hottest Trade In EM The Brazil Trade Just Went Nuclear Bolsonaro received 47% of the valid votes, while Lula received 45.2%. The two will face...

US Futures Rise, Near All-Time High, As Oil, Yields Drop On US-China Diplomacy Optimism US futures are higher driven by Trump / Xi optimism around AI, Middle East, and trade with Middle East kinetic headlines over the weekend reflecting a pause to escalation. Sentiment was lifted by signs of progress on geopolitical issues: it’s a big week for talks, with Trump set for a summit with China’s Xi Jinping on Thursday and a possibility of talks with Iran’s president at the UN General Assembly. As of 8:00am ET, S&P futures are...