Ansar Allah Pounds Saudi Airports as Yemen War Escalates

Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls In the past two weeks we have discussed demand destruction as a result of soaring oil prices (here and here), and we are increasingly seeing anecdotal evidence of just that (here is a table from Goldman we showed previously, laying out where demand destruction is most acute). We start, as always, with Asia which has emerged as ground zero of the global energy crisis - as a reminder last week we first presented a map by JPMorgan's...

These Are The Riskiest States To Quit Your Job In A new study from Affordable Contractors Insurance examined labor market conditions across all 50 states to identify where workers face the greatest challenges replacing a job after voluntarily leaving one. Researchers evaluated unemployment rates, hiring activity, competition for available positions, household income, and local living costs to create an overall risk ranking. California finished at the top of the list as the most difficult state to recover after quitting a job, followed by Massachusetts, New York, Pennsylvania, and New Jersey, according...

US Launches New Iran Strikes Overnight: 'Heavy Costs' For Attacks On Commercial Shipping Summary:  US strikes on Iran announced, as 'heavy costs' for earlier targeting of multiple commercial vessels Oil rises as Treasury revokes June 21 Iran oil waiver Hormuz Threat Level Raised To "Severe"  Three maritime incidents reported on Hormuz in last 24 hours  Another unidentified vessel hit by a Drone IRGC forces hit a Saudi Tanker  IRGC forces hit a Qatari LNG tanker *  *  * US Launches New Iran Strikes, In First Since Ayatollah's Funeral The US military has announced it has commenced fresh strikes against Iran in...