Is Putin Caught In An "Escalation Trap"? The Long War In Eastern Europe

"Severely Curbed": Gold Shipments Through Dubai Stalled In Wake Of Strikes On Iran Gold shipments through Dubai are set to stall for several days after airlines suspended flights amid U.S. and Israeli strikes on Iran and Tehran’s response, according to three industry sources and Reuters. Because gold is typically transported by air for security and insurance reasons, the cancellations are expected to sharply limit physical flows. Reuters writes that Dubai is a key supplier to Switzerland, Hong Kong and India. Sources said the broader impact on global supply will depend on how long the...

Israeli Finance Minister Betzel Smotrich said that Tel Aviv was not interested in rejoining the war against Iran. Multiple outlets have reported that Israeli Prime Minister Benjamin Netanyahu convinced President Donald Trump to start the war.  “The State of Israel has no interest in joining the contained confrontation between Iran and the United States,” the […]

Ease In Our Time By Micael Every, Global Strategist at Rabobank Yesterday saw the BOJ hike rates to 1%, the highest level since 1995, and the RBA hold at 4.35%, with some chatter of the next move being down, not up, despite inflation running way above 2%. Today it’s the turn of new Fed Chair Warsh who, like the other central banks, has to deal with a geopolitical backdrop which may or may not allow for any monetary policy easing. There, the text of the 14-point US-Iran MoU has been leaked ahead...