Watch: UK Police Clear Streets Of Entire Town So Migrant Boat Can Offload

University Of Maryland Warns Trump's Four-Year Visa Cap Could Crush Graduate Enrollment By 30% The Trump administration is overhauling rules governing the length of stay for international students and exchange visitors, replacing a decades-old system with a fixed period of up to four years. Beginning Sept. 15, most people entering on F-1 and J-1 visas will no longer be admitted for "duration of status," which generally allows them to remain in the country as long as they maintain their academic or exchange programs. Instead, students and scholars will receive predetermined admission periods...

72 Ships Transited Hormuz In A Day: US Energy Secretary Says 'Taking Away' Iran's Key Leverage WTI futures briefly fell below $70 a barrel for the first time since the US-Iran conflict erupted, as tanker flows through the Strait of Hormuz are showing further signs of normalization and physical market tightness continues to ease. Bloomberg noted that option markets are positioning for ongoing normalization. Put volume is exceeding calls, with some of the heaviest trading in August and September expiries between $60 and $68. The September $60 strike put is one...

US Industrial Production Surged In April Despite record low consumer sentiment (if you believe UMich), this morning saw the Empire Fed survey show New York state factory activity expanded in May at the fastest pace in four years, and firms grew more optimistic about the outlook. That was followed by a much hotter than expected Industrial Production print (up 0.7% MoM vs +0.3% MoM exp and higher than the highest estimate) for April (and March's decline revised stronger), lifting annual growth up to +1.35% YoY... Source: Bloomberg April's gain for US industrial production was...