"Calm Before The Storm?" UBS Warns Of Stock Market Turbulence As Midterms Loom

Iran's Financial Hub, The UAE, May Freeze Billions In Assets Over Retaliatory Strikes The United Arab Emirates is pissed after Iran targeted Dubai and other US allies with over 1,000 drones and missiles in retaliation for US-Israeli attacks over the last week - and is now weighing freezing billions of dollars in Iranian assets held in the Gulf state, according to the WSJ, citing people familiar with the discussions. If that happens, it could sever one of Tehran's most vital economic lifelines.  A black plume of smoke rises from a warehouse at the industrial area of Sharjah...

Pakistan Under Security Lockdown As Iran Delegation Arrives For US Talks - Fighting Hasn't Ceased In Lebanon Summary:  Iran makes clear Lebanon fighting must end or else Pakistan talks "meaningless" - as its delegation arrives in 'locked down' Pakistan. Trump 'optimistic' a deal within reach - also as Israel-Lebanon talks scheduled in Washington next week. US delegation headed by Vance en route to Islamabad. Lloyd's: "The Iranians are willing to negotiate with certain countries to secure voyages, but only on a case-by-case basis." A handful of mostly Iranian/China-linked tankers have passed in last 24 hours. After...

Iran Warns Will Take War 'Beyond The Region' If Trump Restarts Attacks Ali Vaez, director of the Iran Project at the International Crisis Group, has summed up where things stand: "Since the ceasefire came into effect, both Washington and Tehran appear to be operating under the illusion that time is on their side," he said. "Each seems to believe that the blockade and counter-blockade in the Strait of Hormuz impose greater costs on the other, while offering a breathing space to regroup for a possible resumption of hostilities," Vaez told...