Economy & Finance

Trump Demands Iran ‘Release These Women’ As World Tensely Awaits 2nd Pakistan Talks, US Navy Boards Another Vessel Summary Neither side wants to appear ‘weak’ by flying to Pakistan first without the other side having already clearly committed. Trump warns: ‘Expect…bombs’ & urges Tehran “release women” said to be on death row. Iran has informed […]

Scammers Demand Crypto From Stranded Ships In Strait Of Hormuz: Report Authored by Amin Haqshanas via CoinTelegraph.com, Fraudulent actors posing as Iranian authorities have reportedly sent messages to shipping companies whose vessels remain stranded west of the Strait of Hormuz, demanding payment in cryptocurrency for safe passage. On Monday, maritime risk company Marisks issued a

DHL CEO Warns Prolonged Energy Shock Could Push Global Economy To “Tipping Point” DHL Group CEO Tobias Meyer warned Bloomberg TV earlier this morning that a persistent Gulf energy shock could morph into broader trouble for the global economy. “Well we have seen this before, that you have recognized by consumers as having an impact

Trump Invokes Defense Production Act To Sign Energy-Related Directives Authored by Aldgra Fredly via The Epoch Times, President Donald Trump on April 20 invoked the Defense Production Act to issue a series of memorandums focused on strengthening coal supply chains, ​natural gas transmission, and ​liquefied natural gas capacity. Trump also signed memos aimed at boosting

“We’re On Borrowed Time”: Vitol LNG Chief Warns Of Coming Food Price Shock Pablo Galante Escobar, the head of liquefied natural gas (LNG) at Vitol, warned the audience at the FT Commodities Summit earlier today that the “world is on borrowed time” and that the Gulf energy shock will develop into a food crisis unless

US Employment Additions Accelerate As Retail Sales Soar In March BofA’s (almost) omnipotent analysts forecasted a stronger than expected retail sales print this morning as tax refunds trump surging gas prices… BofA credit/debit card spending data suggests stronger retail sales than estimates (consensus 1.4% headline, 1.4% ex auto, 0.2% control group) despite surging gas prices,

US Futures Resume Rally As Iran Optimism Returns The optimism that helped list the S&P on 11 of the prior 12 days, and the Nasdaq on 13 consecutive days until Monday’s modest pullback, is back – because one can apparently draw the same exact event for 3 weeks now – and sending US equity futures

Europe’s EV Sales Jump 51% As Iran War Sends Gasoline Prices Soaring By Tsvetana Paraskova of OilPrice.com, Registrations of battery electric vehicles (BEVs) in Europe’s key automotive markets surged by 51% in March as the Iran war pushed gasoline prices to multi-year highs, data published by research firm New Automotive and trade association E-Mobility Europe

IMO Draws Up Hormuz Evacuation Plan For 800 Ships Trapped In Gulf Tanker traffic through the Hormuz chokepoint remained muted as of Tuesday morning, with maritime movement still far below pre-US-Iran conflict levels. The ship backlog in the Persian Gulf has now swelled to a staggering 800 vessels, underscoring the scale of the disruption, while

How The Iranian Regime Destroyed Its Economy… Long Before The War Authored by Daniel Lacalle, As negotiations edge towards a ceasefire, Tehran is trying to blame the country’s economic collapse on the war and foreign pressure. Yet the data tell a different story: Iran’s economy was already structurally broken before the war. Years of ideological policymaking, institutionalised