Hormuz 'reopens', but not for all / Credit issues beginning to ADD-UP! / Energy inflation / Quarter-end flows to dominate

sc0172
8 hours ago
3 min read

Why the damage to Qatar’s gas infrastructure could push costs higher for years to come
Apollo : only 45% of requested withdrawals from $15 bn private credit fund.. >>> so we had BlackRock, Blackstone, Morgan Stanley, and Blue Owl, yesterday Apollo, now watch for the likes of Goldman, KKR, Ares and Oaktree over the next few days / weeks!!... Blue Owl’s other fund, OCIC, might show some nasty record into month/quarter end.., Private Credit Fund Run by Future Standard and KKR Cut to Junk by Moody’s >>> IT's beginning to ADD-UP !
Mini TACO.. The USeee Trump backed down, the "Art of the Deal"..., he was forced to cancel strikes because Iran's guaranteed retaliation against Israel and the Gulf states would be "enormous". The cost of war is too high. Iran called his bluff.!...Netanyahu disagrees with what Trump is doing, >>> Kalanovic : If in a conflict one is willing to lie to quickly remove pressure from market, what that signals to the enemy? Signals weak hand, low pain threshold so that they need to press on. What it signals to allies? Stay away unreliable policies change on few points of market drop.
Marine traffic data shows, Many of ships are starting to pass through Strait of Hormuz again, it seems Iran approved all GCC, European and foreign Ships with $2 million in CNY except Israel and US
Markets : Clear fraudulent action pre Trump 'mini TACO', though fair to say it was heading into such a scenario (UST's, bonds, eq, usd down together always ends up in some kind of TACO..), Donald talks major points of agreement, Iran is having none of it, EU and Australia clinch trade and security pacts, Japan PM says country will start releasing oil reserves Thursday, GS : brace for a worldwide inflation surge, Trump just weaponized LNG >>> the global issues will remain for a while, they won't go away overnight, if if Trump wishes so, airline disruption, crude, freight, fertilizer AND inflation will be higher, (it could still get worse clearly.. but seems Trump 'is' folding'..as financial, economic consequences too dear for him..) and inflation likely to remain more elevated than previously thought, clearly..., BONDS not doing what they supposed to do lately.. equity markets should struggle although it's not bad for all companies!
US Envoy Says EU faces higher tariffs if Trade Deal fails, usual threats, what else...