Bond Market’s Big 2026 Fed Bet Flipped on Its Head by Oil Surge

Bond traders are scrambling for a new strategy after the oil-driven inflation shock triggered by the war in Iran scuppered the popular bet on interest-rate cuts from the Federal Reserve. The trade suffered a total blowout this week as warnings from key central banks...

Russian Fuel Cargo Veers Away From Cuba as US Tweaks Rules

A tanker carrying a cargo of diesel believed to be bound for Cuba updated its destination to Puerto Cabello, a major port in Venezuela, after the US clarified that the communist-run island remains ineligible to receive Russian fuel. The Sea Horse, likely carrying...

Iran Unwilling to Talk About Hormuz as Regime Digs In

Iranian officials have become reluctant to even discuss reopening the Strait of Hormuz as they focus on surviving the US-Israeli onslaught, according to a person involved in direct, high-level contacts with Tehran. Energy infrastructure attacks and strikes on...

Iran Strike to Cost QatarEnergy $20 Billion a Year in Sales

Iran’s latest attack on Qatar, which severely damaged the world’s largest liquefied natural gas export facility, will cost the country’s state energy company about $20 billion of lost revenue. The missile strikes on Ras Laffan Industrial City damaged QatarEnergy’s...

Industrial Metals Tumble as Iran War Fuels Fears Over Economy

Industrial metals tumbled, with aluminum sliding the most since 2022, as the worsening war in the Middle East pushed energy prices higher and increased the risk of damage to the global economy. Copper slumped 2% in London, giving up its gains for this year, while...