EUR Drops As ECB Hikes Rates (As Expected); Raises Inflation Outlook, Sees Downside Growth Risks

Something Has Changed And World War Over Ukraine Is Back On The Table Authored by Brandon Smith via Alt-Market.us The eyes of the world have been fixated on the war in Iran for the past six months, meanwhile, the single-most dangerous flashpoint on the planet has gone mostly ignored. Until, that is, waves of Ukrainian drone strikes activated a run on global diesel markets. Suddenly, everyone is paying attention again… Russia is the second largest diesel exporter in the world next to the United States, supplying around 12% of total global exports...

Trump Extends Ceasefire By 3-5 Days After Iran Attacks Third Ship In Hormuz Chokepoint Summary At least two fully laden Iranian tankers slip past US naval blockade, amid reports of more going dark: BBG Trump extends ceasefire by 3-5 days, per White House statement to Fox. IRGC seized the MSC Francesca and a Greek-owned ship named Euphoria, which had been attempting to transit the Hormuz chokepoint earlier today. Within hours, a third ship comes under fire by the IRGC. Senior Iranian adviser says the US naval blockade is "no different than bombing" and must be met "with...

Russia Think Tank Tells Chinese Media That U.S. Endgame In Iran Is To "Achieve Market Monopoly" In Logistics, Energy Russian military blogger Mikhail Zvinchuk, the operator behind the Rybar Telegram channel, recently surfaced in an interview with the Chinese outlet Guancha, offering a non-Western assessment of the ten-week U.S.-Iran war. The interview is notable given that Washington has targeted the private Russian think tank, with the State Department's Rewards for Justice program offering up to $10 million for information related to Rybar-linked foreign election interference operations. The main topic of the...