Europe remains relatively insulated for now thanks to ongoing draws on its product inventories... Asia faces more significant problems as the region imported over 13mb/d through the Strait of Hormuz

...as U.S. and its allies looking to diversify from eastern suppliers of critical materials, including enriched uranium. 

Sleeper?

That framing assumes junk food is a non-negotiable line item. Recipients who want soda and candy remain free to purchase them... with their own money...

...and so far...there is no letting up and nowhere to hide. 

"Airports coast to coast are seeing major delays, HOURS-long security lines, and missed..." 

Boasberg declared the investigation overtly political and coercive, without any criminal predicate...

Truck-makers report steep declines in output, as domestic demand weakens and U.S. exports slow...

They sipped champagne, whined about Trump and celebrated some of the worst movies of the past decade...

Oil clearly matters and will remain reflexive for both rates and equities, but credit remains the North Star...

"I don't think the meeting is in jeopardy, but it's quite possible the meeting could be delayed." 

Could the upcoming Trump-Xi summit be the moment where we see Beijing issue the directive to its allies in Tehran to end the blockade? For Xi it may be a choice between that, or suffering the wrath of Kharg on the Chinese industrial economy.

Greater dealer hedging of put options exposes the stock market to deeper selloffs...

Nano is making tangible progress outside of their reactor development segment...

The new vehicle can charge from 10% to 70% in about five minutes... 

This week sees the Fed, ECB, BoJ and BoE all meet in a single calendar week for the first time since December 2021.

"At the same time, the idea of encouraging public unrest inside Iran has not been abandoned."