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CENTCOM: Strait of Hormuz Open for Transit, US Forces Postured Against Iran
The US Central Command has declared the Strait of Hormuz open for transit, with safe pathways for non-blockaded vessels, hundreds of ships having passed in two months, and US forces ready to defend against Iranian aggression. Iran does not control the strait, CENTCOM stated.
Iran Military Warns of Wider War and Threatens to Halt Oil Exports
Iran's top joint military command warned that 'the fire of war' will spread and cause regional insecurity, and declared that oil and gas exports must either be for everyone or for no one.
Iran Warns of 'More Severe' Response to Any US Attack
Iran's top joint military command has blamed contradictory US behavior for regional insecurity, especially in the Strait, and threatens a harsher response if the US attacks again.
Oil Drops as US-Iran Talks Ease Supply Worries, Focus on Fed
West Texas Intermediate crude slipped 0.86% to around $89.50 on Thursday as diplomatic progress between the US and Iran reduced supply disruption fears, while traders look ahead to the Federal Reserve's rate decision.
US Equity Outflows Hit Record $13.9B, Led by Tech Stocks
Last week saw $13.9 billion in US equity outflows, the largest single-stock withdrawal since 2008, with technology stocks leading at a record $10.8 billion in sales.
Trump Orders Second Round of Strikes on Iran, Seeks Deal
President Trump ordered a second wave of strikes against Iran on Wednesday, frustrated that Tehran was not taking the initial strikes seriously. He posted on Truth Social that a new, harder round was incoming.
Trump Furious Over Perceived Weak Response to Iran Strikes
President Trump was reportedly angry this week after ordering new strikes on Iran, believing that both Tehran and the media did not view the action as sufficiently powerful, according to two people familiar with his reaction.
Trump Furious Over Perceived Weakness of Iran Strikes
President Trump was reportedly furious this week after ordering new strikes on Iran, believing both Tehran and the media did not view the US military action as powerful enough, according to two people familiar with his reaction.
Ghalibaf warns impulsive decisions will destabilize Iran's energy and markets
Iranian politician Mohammad Bagher Ghalibaf cautioned that wrong strategies and impulsive decisions could reset the board for the worse, triggering an explosion in energy infrastructure and markets and creating a long-term quagmire.
US Inflation Returns to Pandemic Stimulus Levels
A market commentator warns that US inflation has climbed back to levels last seen after the $4 trillion pandemic stimulus, with most Americans reportedly unaware of the situation.
Oil Spikes on US-Iran Tensions, Analysts Flag Supply Risks and $150 Potential
Oil prices initially surged on renewed US-Iran tensions before pulling back, but BNY's Bob Savage warns that supply disruption fears and the fragility of any peace deal could push crude as high as $150.
UAE Pursues Bold Economic Ambitions with Oil and AI Investments
UAE leaders are pressing ahead with ambitious economic plans involving billions of dollars in increased oil production and AI data centers, while maintaining ties with Iran that were key for sanctioned oil trade before the war.
US Officials Warn Trump of Heavy Casualties in Potential Military Operation
CNN reports that officials have informed President Donald Trump that a planned military operation would likely require a significant number of ground troops and could result in heavy US casualties.
ECB's Lagarde Says Short-Term Inflation Expectations Have Risen
ECB President Christine Lagarde stated that short-term inflation expectations have increased, following the central bank's decision to raise key rates by 25 basis points at its June policy meeting.
Trump Warns of Further Strikes on Iran, Says Talks Continue
US President Donald Trump stated that negotiations with Iran are ongoing but warned of additional military strikes later today, in an interview with Fox News.
SpaceX IPO Draws $70 Billion in Retail Orders, Sets Record
Retail investors have placed over $70 billion in orders for the SpaceX IPO, nearly covering the entire $75 billion raise and making it the largest IPO in history by retail demand alone.
US Producer Inflation Jumps to 6.5% in May, Highest Since November 2022
The U.S. Producer Price Index rose 6.5% year-over-year in May, accelerating from 5.7% in April and hitting the highest level since November 2022, according to the Bureau of Labor Statistics.
Trump Announces US Takeover of Iran's Kharg Island, Escalating Conflict
President Trump has effectively announced a US military takeover of Iran's Kharg Island, which controls roughly 90% of Iranian crude oil exports. This would mark the most significant escalation in the Iran conflict to date.
US May PPI Inflation Rises to 6.5%, Highest Since November 2022
May producer price index (PPI) inflation surged to 6.5% year-over-year, exceeding expectations of 6.4% and marking the highest level since November 2022. Core PPI held steady at 4.9%.
Trump Says US Will 'Hit Iran Very Hard Tonight'
US President Donald Trump posted on Truth Social that the United States will hit Iran 'very hard tonight,' claiming Iran's defenses are largely destroyed.
Trump Vows to 'Hit Iran Very Hard Tonight,' Seize Kharg Island and Oil Markets
President Trump announced plans to strike Iran imminently, seize Kharg Island, and assume total control of Iran's oil and gas markets, drawing parallels to U.S. actions in Venezuela.
ECB Hikes Rates by 25 bps, Citing Renewed Inflation Amid Iran War
The European Central Bank raised its key interest rate by 25 basis points, marking the first major central bank hike since 2023. The move was attributed to renewed inflationary pressures linked to the Iran conflict.
Bessent: FISA Critical for Treasury to Counter Terrorist Financing
Treasury Secretary Bessent said FISA is a vital tool to prevent terrorists from using the financial system and to gather intelligence on adversaries like Iran and Hamas, urging Congressional Democrats to prioritize national security over politics.
Iran Defense Ministry Calls for Regional Ceasefire
Iran's defense ministry has called for a regional ceasefire, stating that continued aggression and warmongering will inevitably compel acceptance of a halt to hostilities across all fronts.