Iran targeted more sites in Arab Gulf states overnight and into Friday. A container ship signaling French ownership exited the Strait of Hormuz, in what appeared to be the first known transit by a vessel linked to Western Europe since the Iran war all but shuttered the vital waterway.

... but does anyone even care? 

The problem now, as the worst-case scenario emerges, is that if more Gulf desalination... 

...first up-week for stocks since war began in a 'Mad Max world where there's no energy left'

"Abu Dhabi authorities are responding to an incident of falling debris at the Habshan..."

 

...as the world's most important price for real-world oil barrels explodes to a record high.

"the biggest disconnect in client conversations has been the view around oil prices from macro vs physical or specialist clients, with the latter seeing the current futures as underpriced vs. the size of the disruption."

Threaten criminal action against patriots flying St George’s Cross and Union Flag...

"Politically speaking, I have no alternative..."

The number of rape suspects in Austria has more than doubled since 2015...

The US-backed AQ replacement of Assad declares Syria a 'safe haven' for supply chains...

"To turn the kill box into reality, drones must be able to ..."

Selling has been extreme. But this is not a market in panic. Flows are aggressive. Vol is fading. That’s not resolution. That’s confusion.

The rates market is trading the inflation shock more than the growth outlook...

It was a bloodbath for hedge funds - including such marquee names as Balyasny, Citadel, Millennium - who just suffered their worst month in years, while the shorting into the March drawdown was off the charts.

...low-ball and outdated figures: "hiding losses"

The Middle East conflict’s inflationary impact is likely to persist, but US recession risk is contained, for now...

When AI causes harm, there must be a human who answers for it... That principle is not a constraint on technology but the foundation of a just society...

Interesting timing after Ukraine's Zelensky inks Riyadh drone deal...

The ban denies the township’s citizens ‘reliable, resilient, and affordable energy,’ the department argued...