US President Donald Trump told Fox News on Monday that the US will respond to the Iranian attack on US forces in Jordan. NN: Well their goes the Nobel high explosives peace prize More to come…
Trump vows retaliation for Jordan attack
US and Iran Exchange Attacks for First Time in About a Month
The US and Iran exchanged strikes as American forces hit Iranian rocket launchers and Iran responded by firing missiles toward Jordan. Iran’s Islamic Revolutionary Guard Corps launched a missile-and-drone attack on US air bases in Jordan in retaliation for the American airstrike, but Jordan’s military intercepted the missiles. The US attack was the first military …
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Oil rises 2% amid renewed US-Iran tensions….. US strikes Iranian launchers on Larak Island
Prices of crude oil rose around 2% as renewed tensions between the United States and Iran fueled concerns over supplies through the Strait of Hormuz. The move followed US strikes on Iranian missile launchers on Larak Island and subsequent Iranian attacks targeting US forces in Jordan. At 11:33 pm ET, West Texas Intermediate (WTI) for October settlement rose …
Hormuz blockage is taking away 45 Million Bpd of Supply
Nearly half of global oil supply is produced in conflict-affected countries, with the Middle East disruption alone removing an estimated 5–7 million bpd from the market. The bigger vulnerability is increasingly refined fuels, as Middle Eastern disruptions and Ukrainian attacks on Russian refineries have tightened diesel and gasoline supplies while global refining capacity has fallen …
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Oil Drops as Iran Diplomacy Gains
Oil extended declines as fresh diplomatic efforts helped renew optimism the Iran war would not escalate, while a US plan to ramp up economic pressure on Tehran spared the country’s trading partners from harsher measures for now. Brent dropped nearly 4% to settle below $89 a barrel, the lowest level in over a week. West …
Oil drops on latest US-Iran ceasefire hopes… oil still not flowing out of the straights
Crude oil prices continued to slide, dropping more than 5% in post-settlement trading, following a report that the United States and Iran could announce a ceasefire extension soon. According to the report, the parties agreed on the free navigation through the Strait of Hormuz and the resumption of negotiations and technical-level meetings. West Texas Intermediate …
QUANTIUM BOND BUYING Trying to save economy
U.S. TREASURY DEBT FINANCING CRISES: Foreign Liquidation of US government Debt: Especially China dumping its vast holding of US government debt U.S. Government Redemptions: To pay soaring social security costs as baby boomer retire in mass. Treasury Buybacks, and Upward Pressure on the Long End of the Yield Curve: Financing costs of the national debt …
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US vows ‘economic D-Day’ as Iran threatens to halt all oil exports
The U.S. threatened Iran with what it called “the greatest financial offensive ever marshalled” as it prepared to roll out economic sanctions on Monday that target Iran’s trade partners. Iran in turn vowed to shut down all oil exports from the Gulf “if the economic war continues.” U.S. Treasury Secretary Scott Bessent will hold a …
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Bessent Has No Easy Fix for What’s Really Driving Yields Up
Treasury Secretary Scott Bessent came to office blasting his predecessor for trying to re-engineer the world’s largest bond market. Last week he took a stab at it himself. By buying back a swath of long-term US debt, which will require selling more short-dated securities, Bessent said Thursday he’ll be doing “what I would call a Treasury twist.” It was …
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Trump’s Economic Isolation Plan Risks Iran Strikes Across Gulf
President Donald Trump is betting new sanctions, a naval blockade and ramped-up economic pressure against Iran’s trading partners can accomplish what thousands of bombs and missiles could not: force Tehran to accept a deal to end the war on US terms. But like other US efforts to force Iran into capitulation, there’s one main problem: …
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