Bessent Says Hormuz Will Be A "Worthless Piece Of Water" In Two Years

Dutch Treasury Banking Portal Goes Dark For 1,600 Public Institutions After Cyberattack The Dutch Finance Ministry informed members of Parliament in a letter on Monday about "unauthorized access" to several of its banking systems, including the digital portal for treasury banking. "Because of the ongoing forensic investigation and for security reasons, several systems have been temporarily taken offline, including the digital portal for treasury banking," Finance Minister Eelco Heinen wrote in the letter. Heinen warned that the cyberattack has resulted in "around 1,600 public institutions that hold their funds with the...

Explosion Rocks Venezuela's Second-Largest Refinery More bad news for the global refining market broke late Tuesday when Venezuela's second-largest refinery halted operations after a fire erupted at the facility. The 310,000-barrel-a-day Cardon refinery shut down earlier today, according to a Reuters report citing people familiar with the matter, who said a gas line connected to its diesel hydrotreater exploded. Footage: Venezuela's Cardón Oil Refinery, the country's second-largest, exploded and caught fire today. The facility has reportedly halted operations, per Reuters. https://t.co/2aUAJVFOID — OSINTtechnical (@Osinttechnical) October 6, 2026 Bomberos controlan incendio producido en el área de...

Futures Rise As Oil Drops, Bond Selling Slows, Meta Tumbles And Microsoft Soars Futures rebound (for now) following yesterday’s Fed-induced meltdown as the market is clearly questioning Warsh’s credibility and potential usage of non-standard tools to fight inflation, pushing the yield curve to twist steeper and sending 30Y yields to 2 decade highs (last at 5.22%). Pre-mkt, the yield curve is seeing further twist-steepening with 10s and 30s up 1 and 3bp with 2s down 1bp. USD deterioration continues following its worst day in 4 weeks. Commodities are so confused,...