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Iran update : The U.S. military said Thursday that Iran launched missiles, drones and small-boat attacks at U.S. warships transiting the Strait of Hormuz, and that the U.S. responded by intercepting the threats and striking Iranian military sites responsible for the attacks, Trump says ceasefire still in effect after US and Iran clash. UAE intercepts Iranian drones and missiles as tensions escalate, ''Pentagon in disarray'' overheard many times in media >>> the BIG risk remains that Iran doesn't bow to U.S demands and the strait stays close for longer.. as much as we all hope it won't happen..it's about planning for the worse and hoping for the best! markets have been a little too euphoriac on the back of Trump's tweets via Axios.. Markets : Norges hiked (protracted inflation and cloudy price outlook), US Treasury Secretary Bessent to visit Japan ahead of China Summit, focus on FX #USDJPY and Geopolitics, EU to Trump: A Deal Is a Deal, PTJ says US is late to regulating AI: 'We should have already done it', Donald Trump’s 10 per cent global tariffs have been ruled illegal by a US court, striking a fresh blow to him, BoJ needs to step in again (IF they want to be serious about JPY - need to move on rates too..NIKKEI has DOUBLED! since the tariffs lows last year..) Shell CEO Wael Sawan: "While 20% of the world's LNG is impacted [by US-Iran war], that equals to only 3% of the world's natural gas." (An important point that's often overlooked) Russia, Ukraine trade major attacks ahead of Moscow's Victory Day celebrations The Norges Bank became the 3rd G10 central bank to hike rates in this cycle after the BoJ and the RBA, U.S. M2 Money Supply hits new all-time high of $22.7 Trillion, Wall Street projects hyperscalers’ free cash flow to fall by over 70% from its peak by the end of 2026, even as earnings keep climbing - Bloomberg The Chinese central bank remains the most unwavering “buy-the-dip” force in #GOLD, 18th straight month of buying China-EU investment deal should stay in ‘deep freezer’, outgoing trade chief warns “There are two ways to enslave a country. One is by the sword. The other is by debt.” – John Adams, U.S debt is now over total GDP.. (1st time since post war mid 40's..) US Senators Just put Trump’s Son-in-Law Jared Kushner under Investigation for getting Billions From Middle East While Shaping U.S. Foreign Policy...about time! The U.S. Treasury will likely have borrowed more than $2 trillion by the end of the fiscal year—a figure described as “beyond scary” by budget hawks UK local elections, you are going to hear a lot about 'Reform' being a national party, it isn't ! they doing well in areas that voted strongly for Brexit, and not very well that voted remain (from the excellent John Curtis) Ten years of Brexit: How have UK equities and the pound performed? | Euronews What a great success this has been! good grief.. 10 years after Brexit: • FTSE 100: +62% • S&P 500: +253% • DAX (Germany): +151% Pound down 10% vs dollar, 12% vs euro £160 billion+ pulled out of UK equity funds. Brexit didn’t cause every problem but it made Britain a chronically underperforming investment destination >>>>>No wonder 59% want to rejoin......... Trump threatens 'much higher' tariffs on EU by 4 of July Norges Bank hikes and keeps guidance hawkish | articles | ING THINK Trump says US-Iran peace proposal is ‘more than a one-page offer’ claims Iran will hand over enriched Uranium Russia, Ukraine trade major attacks ahead of Moscow's Victory Day celebrations - TRT World ‘This is just disarray’: alarm inside Pentagon after Hegseth staff purges | US military | The Guardian Paul Tudor Jones says US is late to regulating AI: 'We should have already done it' Election results 2026 live: Early English council results show Reform gains and Labour losses as counting yet to begin in Scotland and Wales - BBC News Treasury expected to borrow $2 trillion this year—more than $166 billion every month | Fortune Ed Conway on X: "📈SHALE REVOLUTION The world just changed... A few months ago there was a watershed moment. Few noticed it at the time. But it could shape geopolitics for decades. My primer on how America became energy independent (in statistical terms) and what it means for the rest of us👇 https://t.co/JofFBjmxFN" / X China-EU investment deal should stay in ‘deep freezer’, outgoing trade chief warns | South China Morning Post You just can't make this stuff up... Kash Patel’s Personalized Bourbon Stash - The Atlantic Crypto IPOs win over Wall Street, but not Main Street – The Armchair Trader Whirlpool earnings were so bad it suspended its dividend Investors taking a bath! Toyota fourth-quarter profit misses by wide margin as U.S. tariffs drive 49% slump a reminder that finance has really gone mad ... yeps..Jesus may come back this year - it's worth a shot !? or is it 🙂 Polymarket on X: "BREAKING: JESUS CHRIST RETURNING THIS YEAR? 4% chance. The odds have risen." / X

Iran updates : ...UAE, Kuwait, Saudi Arabia, Qatar, and Oman denied Trump's access to Airspace/bases for the Project Freedom... that's WHY he TACO'ed.. (lost credibility long ago..), Trump is desperate to wrap up a deal with Iran BEFORE is visit to Beijing on 14-15 Mai, ongoing war puts Trump in a constrained position with Xi..., Iran, U.S. move closer on proposal to restart talks, mediators (China basically..) push a short-term memo to guide monthlong talks amid disputes over enrichment and sanctions relief Markets : Louis Gave's bull case on China (Podcast - fwiw couldn't agree more!), Apple now spends 10%+ of revenue on R&D for first time in 30 years, Tech rally hands hedge funds biggest gains since 2020, U.S earnings continue to push markets higher + hope for end of war (it's been a 'done' deal for a while, as discussed lately..), but it'll be a drag on things, might even be a buy the rumour & sell the fact...given valuations and general level of optimism, we shall see, for now 'mr market is loving it', Several whistleblowers say that Axios coordinated news with market insiders (surely not..!! this WILL be the largest trading scandal in history, they will make film of it..) Crude update : The physical North Sea oil market has weakened further, with Dated Brent down to $104 (down ~10% in one day). More importantly, physical differentials have narrowed further, with premia at $0-$2 a barrel range, lowest since the early days of the war. The message? Plenty of oil, and...war is over.. SEC moves to scrap quarterly reporting requirement! why not, easier to fraud then! Norway approves the re-development of three North Sea oil-and-gas fields that were closed ~30 years ago FT-There are grounds to suspect that Donald Trump is thinking of something bigger than self-adulation. The best way to perpetuate your name is to arrange for a successor with the same name Putin’s Strongman Image Is Fading as Ukraine Brings War Home to Russia. The Russian president’s “Victory Day” cult has backfired as the conflict drags on longer than the Soviets’ battle against the Nazis. (WSJ) SNB's Martin: SNB has greater willingness to intervene on FX... after BoJ/MOF action, SNB should/could well get more involved #CHFJPY lower SEC moves to scrap quarterly reporting requirement Let’s just completely do away with price discovery, shall we?...really..? Hedge funds performance: Tech stock rally fuels best month since 2020 France moves aircraft carrier group toward Strait of Hormuz for possible defensive mission Trump says war will be 'over quickly' as Iran considers 14-point US proposal Trump’s abrupt U-turn on a plan to reopen the Strait of Hormuz came after backlash from allies The Bull Case for China: The Best Opportunity Right Now? | Louis Gave - The Master Investor Podcast with Wilfred Frost | Podcast on Spotify >>> well worth a listen, China bull, couldn't agree more ! Brilliant, watch it ! : Сarm1ne on X: "Paul Tudor Jones predicted the 1987 crash, made $100 million, then spent years trying to destroy this footage you will watch him lose $6 million in one afternoon, sit in his chair and say "total devastation" then make it all back with 100% interest This documentary will change https://t.co/i1iiQu9vmm" / X Who needs the Magnificent 7: A long tail of opportunity The age of the American Pharaoh The Gold market: Watching what comes after – The Armchair Trader Bull Theory on X: "THIS COULD BE THE LARGEST INSIDER TRADING SCANDAL IN OIL HISTORY. According to The Kobeissi Letter, about $920 million in crude oil shorts were placed at 3:40 AM ET today, 70 minutes before any news went live. TIMELINE: 3:40 AM ET: 10,000 contracts ($920M) shorted oil with no https://t.co/zATUuculBx" / X Davos Deadlock: Trump Team, EU, and PLATFORM Hold Talks – Why US Citizens Remain Locked Out | The Guardian Godkjenner gjenopning av tre gassfelt i Ekofiskområdet - regjeringen.no What a legend, Happy 100th David Attenborough ! this has to be one of the best video (with sound!).. Attenborough: the amazing Lyre Bird sings like a chainsaw! Now in high quality | BBC Earth - YouTube

Iran update : Trump's daily TACO ('Project Freedom suspended' after 2days..), mission accomplished of course! (as expected, he is bored of dealing with the problem of his own creation!...) >>> Stocks climbed to a record and Brent declined after Donald Trump signalled progress toward a final agreement with Iran. The president said he would pause a US-led effort to help stranded ships exit the Strait of Hormuz. The naval blockade on Iranian ports will remain in force. Iran’s foreign minister met with China’s top diplomat in Beijing, just days before Trump is due to arrive for an expected summit with Xi Jinping, Top US General Caine: 1,550 ships trapped in the Gulf with 22,500 mariners aboard, Trump walking away 'winning'.., backing away .., achieved absolutely nothing...and now will let EU and China sort out the mess..), Trump and the U.S have long lost all credibility in ME..END of the U.S global dominance.. >>> AND... Counterintuitive perhaps, but the physical oil market appears to be calming. Dated Brent is hovering at ~$115 a barrel, and physical differentials have narrowed massively, with grades offered at ~$3 a barrel premium to the benchmark vs the ~$30 a barrel premium of mid-April Markets : HK reported fastest economic growth in five years at 5.9%!, IMF rules on #USDJPY shows that can only do two more interventions till November.... (so these interventions better count ! or else..), UK 30y gilt hit highest yields since 1998 at 5.8%!, U.S ISM services PMI slightly down at 53.6, JOLTS down slightly to 6.866mio, Carlsberg goes for a hybrid 1'000 year bond ! yeps you read that right!!.., KOSPI continues to trade like a small cap up 7% on the day, HUGE swings this year, another 'likely' intervention from JAPAN overnight in #USDJPY, they need to bring it down to 140 to call it a success.. or else it'll backfire Azerbaijan has begun delivering natural gas to Germany, Italy and Austria China is targeting 70% domestic silicon wafer use by 2026 UK landlords exit rental sector amid regulatory pressures EU's Economy Commissioner Dombrovskis: Europe is facing a stagflationary shock Alphabet to raise at least €9 bln in its record Euro bond sale Gold Manipulation: The 'London Bias' : 1970-2024 UAE media are saying that it was Saudi Arabia that carried out the attack to disrupt oil exports, not Iran. Iran also denied today that it had struck any sites in the UAE." Visioner on X: "🇦🇿 🇦🇹 🇩🇪 BREAKING | Azerbaijan has begun delivering natural gas to Germany and Austria, President Ilham Aliyev announced. The State Oil Company of the Azerbaijan Republic (SOCAR) confirmed that supplies to buyers in both countries started in January 2026 via the Trans Adriatic https://t.co/EpRVZ007zj" / X Iran told Saudi Arabia it planned to 'crush the UAE': Report | Middle East Eye Iran Launches Persian Gulf Strait Authority as Tehran and Washington Battle for Control of Hormuz | IBTimes UK How the Iran war is reshaping Saudi strategy: From Hormuz and Houthis to the UAE’s OPEC exit | Chatham House – International Affairs Think Tank Global oil reserves plunge at record pace as Middle East war strains supplies Meloni and Trump’s cooling relationship marks the failure of an EU-MAGA middle ground Hong Kong Q1 GDP expands at strongest pace in nearly five years - CNA Japan Has Two More Windows for Yen Intervention by IMF Rules - Bloomberg UK landlords exit rental sector amid regulatory pressures - PropertyWire Fitch Rates Carlsberg Breweries A/S's Proposed Hybrid Notes 'BBB-(EXP)' You read that right !... 1'000 year 'hybrid' bond Jeff Bezos shakes up Blue Origin staff incentives ahead of SpaceX IPO | News.az Arnaud Bertrand on X: "Hilarious that the message Rubio is asking China to give Iran during Araghchi's Beijing visit is that Iran is "globally isolated" when the very fact he's invited to China (and that China is now fighting US sanctions on Iran's oil) proves they aren't. https://t.co/UUGmfrL2d1" / X Farrukh on X: "BBC News finally cover Nigel Farage's £5 million gift from a crypto billionaire NF says its within the rules and shouts down at the reporter Then Chris Mason refuses to explain the rules Here's what the rules say @ChrisMasonBBC - shame on you for not explaining this: UK House https://t.co/3ZePbjjxnC" / X Gold Manipulation: The 'London Bias' | Sprott Money Canada American Eagle Gold wrestles for control of Pacific Booker – The Armchair Trader

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