Monetary Metals Promo 1

Markets chop on geopolitical headlines as Trump 20:00EDT deadline awaits - Newsquawk US Market Wrap

Pakistan requests Trump to extend Iran deadline for two weeks, Trump response to proposal to come; Senior Iranian official said Tehran positively reviewing Pakistan's request for a two-week ceasefire; Trump said a whole civilization will die tonight, never to be brought back again; does not want that to happen, but it probably will; US-Iran negotiations to reportedly continue until Trump deadline expires; Trump noted if negotiations advance & there is something tangible, might extend the deadline; Iran floats retaliation on US, including Aramco, Yanbu, and Fujairah oil facilities; US strikes Kharg Island, targeting military sites, Investigations show that there are no disruptions in the functioning of oil on Kharg; Iran's UN ambassador says UN Secretary General's personal envoy currently on route to Tehran to pursue consolations; Strong Indirect demand in US 3yr note auction; Samsung Electronics beats on Q1 prelim earnings; AAPL foldable release reportedly remains on track for September debut.

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Oil, Inflation, & Recession

It's not the price of oil per se that triggers recession, it's the underlying vulnerabilities that have been cloaked with happy story narratives to keep the game going...