A doubt, even a seed of a doubt, in the faith of the US government to honor its debts, in full and on time, requires a higher yield on US T-bonds.

...the markets are sending a message around debt, deficits and the debasement of fiat currencies.

Taiwan blacklisted Chinese tech giants, Huawei and Semiconductor Manufacturing International Corp. (SMIC), dealing a major blow to the two companies spearheading China’s efforts to develop cutting-edge AI chip technologies.

"There is a 17% probability of a worst-case scenario, where supply impact extends beyond the reduction in Iranian oil exports and price reaction is exponential rather than linear" - JPMorgan

A fire broke out at Kangan Port in Iran’s Bushehr province following what Iranian media reported as an Israeli drone strike targeting Phase 14 of the South Pars gas field in the Persian Gulf on Saturday.

Officials report that while the total face value of the stolen checks exceeded $80 million, approximately $11 million worth were successfully negotiated at banks by the buyers.

Risk off seems to be the best positioning, while owning a dose of energy, as so many are underweight that sector, we could see a nice pop, even with some resolution.

It's a step in the right direction...

As markets adopt a risk-off tone with the ongoing developments in the Middle East, hedge funds and speculators appear to be already positioned for such an environment.

There was elevated interest across energy channels leading into the overnight escalation

The Trump administration is drafting a plan to invoke Cold War-era powers under the Defense Production Act...

Shorting the dollar has become a consensus trade.

"Some people think they hear the characteristic sound of a RAT (Ram Air Turbine, hydraulic emergency pump) being deployed at the beginning of the crash video, and I agree." 

"It’s much easier to look at the EU electrification stocks here, no problems with them on any metrics in our framework"

Israel prepares for Iranian response in "coming hours"...

"New Yorkers will soon realize the negative impacts of the FARE Act when listings become scarce..." 

The Environmental Protection Agency on Wednesday proposed eliminating greenhouse gas emissions limits for power plants as well as repealing a toughening of the mercury and air toxics standard for coal- and oil-fired generators.