We are now in the fifth week of the conflict between the United States and Iran. Although the U.S. president…

The FT is reporting on this, citing officials and industry executives as saying that the Gulf states are looking to…

South Korea secures alternative oil as Hormuz disruption hits supplies AUD, NZD fall as oil surge and ongoing war risks…

AUD and NZD slide as oil shock fuels stagflation fears and rate hike expectations. Summary: AUD and NZD fall as…

Remarks here, distilled from a long rambling speech. Trump address: Going to hit Iran very hard over the next 2-3weeks…

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.…

Hedge funds hit by worst drawdown in years as volatility forces de-risking. Summary: Hedge funds suffer worst monthly drawdown since…

US tariff overhaul simplifies rules but risks raising effective import costs. Info via Wall Street Journal (gated). Summary: Trump administration…

US-Iran backchannel diplomacy intensifies, but prospects for a deal remain limited. Summary: US engaging Iran via intermediaries including Pakistan Vance…

The main focal point today will, of course, be Trump speaking: Trump will say the Iran war is “winding down”…