Russia Scraps Deep Growth-Cut Plan as Iran War Boosts Income

Russia is abandoning plans for a sharp downgrade to its 2026 growth forecast as the war in Iran boosts its oil revenue. The Economy Ministry is now unlikely to significantly revise its projected 1.3% expansion in gross domestic product when it updates its...

BofA Shifts Focus to Air Defense Over Tank and Ammo Makers

Bank of America Corp. is picking new favorites in the European defense sector as the Iran war highlights the importance of missile systems and drones. Analysts led by Benjamin Heelan said they now prefer companies that help build the systems that detect, track and...

BlackRock’s Kapito Warns Investors Are Mispricing Iran Risks

BlackRock Inc. President Rob Kapito said investors may be underestimating the risks stemming from the Iran war, which are likely to weigh on growth and drive inflation higher even if the conflict ends soon. Growth could be hit by as much as two percentage points,...

Inflation Pulse From AI and Energy Will Last Decades, IFM Says

Enormous spending on artificial intelligence and the global energy transition are likely to cause inflationary pressures for decades to come, according to the chief executive of global infrastructure money manager IFM Investors. “Inflation is an issue that investors...

Trump Says US Considers ‘Winding Down’ Iran Military Effort

President Donald Trump said he was considering “winding down” US military efforts against Iran, saying that the US was close to achieving its objectives as the conflict, which has roiled financial markets and the region, nears a fourth week. “We are getting very close...

Drone Tech Maker’s 1,000% Surge Shows Latest Wall Street Fad

The eye-popping market debut of a tiny drone software company this week reveals a newfound investor appetite for stocks that fall at the intersection of geopolitics, defense technology and artificial intelligence. Shares of Austin, Texas-based Swarmer Inc., whose AI...

Stocks and Bonds Fall as No End to War in Sight: Markets Wrap

Turmoil in the Middle East sparked fresh losses in stocks and bonds, with fears about an escalation of the war in Iran boosting oil prices as anxiety builds around the potential economic fallout of the conflict. The drop in equities deepened, with the S&P...

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...

US & Global Markets RIPE for Worst Year since 2008

The foundation is in place for the U.S. and the World’s equities markets to have their worst year since 2008.  It’s for three reasons: U.S. and the Indices of most other countries at start of Iran war, which began on 02/28/26, were near their all-time and iconic...

Qatar Assesses Damage as Energy Strikes Escalate

Get caught up. Iran’s attack on Qatar’s Ras Laffan gas field will have repercussions for energy supplies, Qatar Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani said during a presser in Doha. The damaged facilities produce about 17% of Qatar’s liquefied natural...