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Futures Slide After Google Earnings, Oil & Bond Yields Jump On Houthi Escalation

US equity futures are lower as WTI breaches $90/bbl and Brent approaches $100/bbl (Houthi escalation in the Red Sea as two Saudi tankers were struck), pushing bond yields higher with longer-dated yields seen making new highs, globally. But, Alphabet's underwhelming results - while dragging down Mag7 names - are boos…

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Iran expands trade with Pakistan as experts claim it will ‘ease the squeeze’ of Hormuz blockade

The Islamic Republic’s plan to increase truck trade with Pakistan to 2,000 vehicles per day will “ease the squeeze” of the United States’ blockade of the Strait of Hormuz “without coming close to neutralizing it,” counterterrorism analyst Roger Macmillan told The Jerusalem Post on Thursday.

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Houthi blockade of Saudi Arabia could further disrupt global trade

Bab el-Mandeb, at the southern tip of the Arabian Peninsula, is the gateway to the Red Sea through which around 12% of the world’s trade usually passes. A fourth of global container trade transits through the 32-kilometer (20-mile)-wide strait to and from the Suez Canal. The Houthis earlier demonstrated their abilit…

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WATCH: Rubio meets Russian counterpart Lavrov in Manila for talks

US Secretary of State Marco Rubio met with Russian Foreign Minister Sergei Lavrov in Manila on Thursday on the sidelines of the Asean meetings. Rubio said the talks would include discussions on the war in Ukraine, with Washington aiming to play a constructive role in efforts to end the conflict. Earlier, he attended…

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Iran regime change 'back on the menu' for Trump as diplomatic pressure falters - report

The Trump administration is beginning to conclude that it may not be able to force Iran’s surrender through diplomacy alone, bringing the possibility of toppling the Islamic Republic back into discussions in Washington, the Financial Times' Chief Foreign Affairs Commentator Gideon Rachman assessed on Monday, citing …

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