War Returns To Ethiopia As The Horn Edges Closer To Abyss

WTI Holds Losses As SPR Drain Slows, Cushing Just Off 'Tank Bottoms' Oil extended its biggest quarterly drop since the pandemic this morning as traders monitored US-Iran peace talks and a market for real-world barrels that’s been in freefall. WTI is holding below $70 as US negotiators Jared Kushner and Steve Witkoff had positive discussions in Qatar and technical talks with Iran are moving ahead, a senior administration official said, while President Trump said the meeting was good. Crude has fallen in recent days as the warring parties continued discussions to reach a...

"Way Shorter Than Beijing Hoped": China Stocks Tumble As Trade Truce Disappoints Chinese stocks slipped overnight as the two-month extension of the US-China trade truce fell short of some Wall Street expectations (some desks were hoping for +6 months), offering limited reassurance that today's talks would deliver a long-lasting trade deal, stabilize bilateral ties, and ease uncertainty over global trade. The mainland CSI 300 Index dropped 1.7%, while the Hang Seng China Enterprises Index pared losses and closed flat. Broader Asian equities also came under pressure after a global bond selloff gathered pace as...

US Officials Suspect Iran Used Chinese Missile To Bring Down F-15E Warplane: Report Via The Cradle US officials believe that a Chinese-made shoulder-fired missile was likely used by Iranian forces to shoot down a US F-15E Strike Eagle over southwestern Iran last month, NBC News reported Saturday.  The incident marks the first time in decades that the US has had to acknowledge that one of its jets was shot down by enemy fire, although three F-15Es were also shot down in Kuwait in March.  Illustrative, via Reuters/stringer Washington insists the Kuwait incident was due to 'friendly fire,' even...