North Korea Denies Planting Mines that Injured Three South Korean Soldiers

"This May Be Iran's First Misstep - And Proof Leverage Isn't Total" Brent and WTI futures extended declines on Tuesday morning as momentum continued toward an end to the US-Iran conflict. The latest signs of de-escalation include a U.S. waiver allowing some crude and fuel sales from Iran, while Tehran said $12 billion in frozen funds had been released as part of ongoing talks with U.S. negotiators. Both sides have signaled progress so far this week, further eroding the war premium in crude markets as traders begin to price in...

Oil Conundrum: Record Inventory Draws And Stable Crude Prices Something strange is taking place in oil. Crude prices have been remarkably stable over the last week, with Brent mostly trading in the high 90s on mixed prospects for the resolution of the over 7-week conflict in the Persian Gulf, despite signs to the contrary: the second round of talks between the US and Iran has been postponed indefinitely following Iran’s decision not to participate; President Trump extended a ceasefire “until such time as their proposal is submitted, and discussions are...

Mamdani's First 100 Days Aren't Getting High Marks From Voters Zohran Mamdani rode a wave of progressive enthusiasm and sweeping promises to become the Mayor of New York City. Now, as he closes in on his first hundred days in office, he’s learning that governing is a lot harder than campaigning, and a new poll suggests New Yorkers are starting to be skeptical about what they voted for. Some of Mamdani’s campaign promises won’t be fulfilled because Gov. Kathy Hochul is refusing to subsidize them. Earlier this year, snow and trash removal...