Baltic Dry Index Nears Breakout As "Perfect Storm" In Global Shipping Emerges

Trump Argues War 'Terminated' Before 60-Day Congressional Approval Deadline, As Iran Submits Latest Proposal To Pakistan Mediators Summary White House officials argue the absence in exchanges of fire between Iranian & US forces means the 60-day timeline for Congressional approval (or US forces must leave) doesn't apply due to the ceasefire. Iran submitted its latest revised proposal to Pakistan mediators as of Thursday night. It is a response to the latest US amendments to end the war, per Axios. Nuclear issue not included: a non-starter, and focus is on ending the war. Iran...

Over the weekend, Israeli forces launched substantial attacks in the northern part of Syria’s Quneitra Governorate. Syrian state media reported heavy gunfire was seen against the farmlands in that area, and that they had sought an explanation for the Israeli operations, but hadn’t received any explanation. For the most part there weren’t casualties in the […]

Ceased Ceasefire? By Bas van Geffen, Senior Market Strategist at Rabobank There has been little progress in the US-Iran peace negotiations over the past weekend. In fact, it feels like the two sides have been walking backwards as the ceasefire is faltering.  The US and Iran are still at odds over the frozen Iranian assets, which Iran wants released as part of any deal. But, yesterday, President Trump said that he will not unfreeze any amount of Iranian assets, nor lift sanctions, immediately after a deal is closed: “If they behave, if they...