DeepSeek's New Hyper-Efficient Model Stokes Fears Over Korea's Memory Makers

B200s Or B-2s? By Bas van Geffen, senior macro strategist of Rabobank Concerns about the Middle East continued to dictate markets yesterday. The Strait of Hormuz remains closed, and there were no signs that this will change soon. Oil prices rose further. Dated Brent jumped 5% on the day to top $111. Alongside the rise in benchmark energy prices, yields increased too. 10y US Treasury yields closed around 5bp higher, and 10y German Bund yields rose 6bp to 3.1%, dragging broader EUR yields up. Equities struggled. European bourses closed around 1.5% lower,...

US Looks To Revive 'Prize Courts' For Iranian Oil Seizures The US government is exploring an unusual legal route for dealing with Iranian oil and ships captured as part of its blockade: bringing back a wartime maritime system that has barely been used for generations, according to Bloomberg. The Justice Department, working with the Pentagon, is preparing to use prize law, which historically allowed courts to decide whether vessels and cargo captured during armed conflict could legally become property of the United States. The mechanism was once commonplace in naval warfare...

According to a source speaking with Saudi state media, Washington sent Tehran a message offering to lift the blockade and sanctions against Iran if the Islamic Republic reopens the Strait of Hormuz.  According to a senior source who spoke with Al Hadath, Pakistan relayed the American offer to Iran. Islamabad has served as the main […]