Iran Says More Tankers Struck By Mines, After Trump Declared He Won't Bomb Before Midterms

Inside The Moscow Meeting That Laid Bare Iran's Weak Hand Authored by Simon Watkins via oilprice.com, The Moscow meeting reinforced a long-standing imbalance, with Iran seeking deeper support while Russia offered only vague diplomatic backing. The 20-year Iran–Russia deal structurally favors Moscow, especially in energy and trade terms, leaving Tehran with limited economic and strategic upside. Russia’s growing military and economic strain reduces its ability to support Iran, exposing the fragility of the partnership. Iran has a long history of being screwed over by Russia, and last week’s meeting in Moscow between Iranian Foreign...

Nobody Knows What Will Happen Next By Michael Every and Bas van Geffen of Rabobank Ceasefire Yesterday, the US and Iran threatened to, respectively, “destroy Iranian civilisation” with “new tools” and other countries in the Gulf with old ones. Ahead of the 8PM deadline that Trump had set for “Bridge and Power Plant Day,” US and Israeli forces reportedly already destroyed some bridges and other infrastructure. Washington and Tehran struck a last-minute, two-week ceasefire – provided that the Strait of Hormuz is fully reopened. Notably, this was after China leaned on Iran to...

Three Fed Officials Explain Why They Dissented, Blasting Fed's "Easing Bias" This morning, three Fed officials said they dissented over this week’s policy statement because it was no longer appropriate to signal the Fed’s next move was still likely to be an interest-rate cut. “I believe the FOMC should offer a policy outlook that signals that the next rate change could be either a cut or a hike, depending on how the economy evolves,” Minneapolis Fed president Neel Kashkari said in an essay released on Friday morning. “This could tighten financial conditions somewhat today,...