Iranian Parliament Speaker Mohammad Bagher Ghalibaf vowed on Thursday that his country would return the United States to “1970s [interest] rates, plus high gas prices, diesel shortages, and bell-bottoms.” Ghalibaf also mocked the recent development in the US bond market, wishing “Happy 5.1% 10Y America” after the yield on the ten-year note climbed above the …
Continue reading “Iran: We’ll return US to 1970s rates, high gas prices”
Yields on the US government’s longest-dated bonds climbed to the highest level in more than two decades, the latest milestone notched in an extended bond selloff driven by inflation and fiscal concerns. The rate on 30-year Treasuries rose as much as four basis points on Thursday to 5.44%, the highest since 2004, after Brent crude …
Continue reading “US 30-Year Yield Hits Highest Since 2004 as Bond Selloff Deepens”
Crude oil prices rose on Wednesday as supply concerns continued to weigh on the market, fueled by reports suggesting that Saudi Arabia’s East-West pipeline may resume partial operations sooner than a full repair, which could take six to eight weeks to restore the facility to full capacity. Sources cited by The Wall Street Journal noted that …
U.S. diesel prices have surged above $6.50 per gallon, as lost Middle Eastern and Russian fuel supplies collide with limited global refining capacity. Washington is debating a diesel export ban to ease domestic prices, but opponents warn it could worsen the global shortage and potentially trigger similar restrictions elsewhere. Europe is particularly vulnerable, having closed …
US President Donald Trump said his officials had “very good” talks with Iranian envoys in New York, reviving hopes for a diplomatic off-ramp hours after he threatened to “annihilate” the country’s ruling regime. Steve Witkoff, a Trump envoy, and Jared Kushner, the president’s son in law, participated on behalf of the US. Witkoff said the …
United States President Donald Trump confirmed on Tuesday that Special Envoy to the Middle East Steve Witkoff and Special Envoy for Peace Missions Jared Kushner met earlier in the day with mediators regarding an agreement with Iran.”The mediators were here, not at the highest level, but it’s something. We had a lot of good thoughts, …
Continue reading “Trump confirms talks with mediators on Iran deal”
The New York Times reported that the Trump administration had prepared to launch airstrikes on Sunday against the Houthis after fresh pleas from the Saudi crown prince. But the newspaper said Trump called off the airstrikes at the last minute, even as troops were loading bombs onto aircraft. Rashid al-Alimi, the Riyadh-based president of Yemen’s …
Oil futures rose more than 1% on Tuesday as concerns over escalating tensions between the US and Iran added to geopolitical risk premiums. Yesterday, US Treasury Secretary Scott Bessent told CNBC that all Iranian airlines will be “shut down” starting Wednesday, with the measures including a ban on airports, fuel suppliers, ticketing agencies, and …
Continue reading “Oil up by 1% as US tightens pressure on Iran”
The Moscow Oil Refinery was hit during drone attacks that were part of the largest Ukrainian barrage this year. Russia’s Defense Ministry said it downed 1,110 Ukrainian drones across 19 regions of Russia as well as in Crimea. The refinery strike damaged a facility at the site, with the Ukrainian General Staff saying the AVT-6 …
Continue reading “Moscow Refinery Hit as Russia Reports Largest Drone Attack”
United States President Donald Trump decided not to go ahead with the plan to launch large-scale strikes against Yemeni Houthis for now, after being cautioned by allies that it would risk opening another front in the Middle East, the New York Times reported. According to the report, Trump (TACO) vacillated between ordering the strikes and avoiding confrontation …
Continue reading “Trump said to call off strikes on Houthis for now TACO…Again!”