Israel Katz, the Israeli defense minister, said Sunday that the military will begin demolishing homes, bridges, and infrastructure on the Lebanese side of the border that he said has been used by Hezbollah “terrorist activity,” claiming that he will formulate the plan on the model used in Gaza’s Rafah, according to a report.
Iranian officials rejected a claim Monday from President Donald Trump that there have been “productive” talks between Tehran and Washington, which made him decide to hold off on bombing key power plants in the country.
As we have detailed, as trend forecasters it’s not what you like, don’t like, want, don’t want, it’s what is.
Two oil tankers were attacked and set on fire in the Persian Gulf late last week, making real the fears that Iran would use military force to shut down oil shipments through the Strait of Hormuz.
The private credit market is approaching a sharp correction, in part because many private lenders such as Blue Owl have “misrepresented” the amount of losses they have incurred, which are “larger than reported,” according to an analysis by Glendon Capital Management, a $5-billion fund that invests in distressed debt.
Mojtaba Khamenei, the new supreme leader of Iran, said in his first public statement last week that he will continue to strike U.S. bases in the region and keep the Strait of Hormuz essentially closed, indicating that Tehran has little interest in seeking an off-ramp as the war entered its second week.
The Trump administration continues to tell the American public that its illegal war of aggression against Iran will end relatively quickly, and any economic pain being felt will only be temporary.
President Donald Trump took to social media last week to threaten Iranians in a late-night post after it was revealed that another six American service members died when their KC-135 Stratotanker crashed in western Iraq.
The equity markets are up, the equity markets are down. Oil prices are up, oil prices are down. Gold and silver prices are up, gold and silver prices are down.
Individual investors in private credit funds are fleeing in droves as the industry confronts fears about its long-term outlook.