“Risk Of Attack Is Too High”: US Navy Refuses To Provide Escorts To Ships Transiting Hormuz Strait One week after Trump announced that the US would cover insurance for ships transiting the Strait of Hormuz, and would provide them with US navy escorts, Reuters reports that the US Navy has refused near-daily requests from the shipping industry for military escorts through the Strait of Hormuz since ​the start of the war on Iran, […]

Iran Formulated Plan To Attack California With Drones In Case Of War: FBI U.S. law enforcement agencies in California were recently warned that Iran may have explored the possibility of launching drone attacks against targets on the West Coast in retaliation for Operation Epic Fury, according to a federal alert reviewed by ABC News. The bulletin, circulated by the FBI to police departments in late February, said authorities […]

Lame Duck RINO Thom Tillis Blocking Warsh’s Fed Confirmation Hearings Amid escalating U.S.-Israel military strikes against Iran, a separate battle is brewing on Capitol Hill over President Donald Trump’s nomination of Kevin Warsh to chair the Federal Reserve, according to CNBC. The key obstacle is Sen. Thom Tillis (R-NC), who announced last year that he would not seek re-election one day after voting against advancing the […]

Vitalik Buterin Envisions ‘One-Click’ Ether-Staking For Institutions Authored by Martin Young via CoinTelegraph.com, Ethereum co-founder Vitalik Buterin said the Ethereum Foundation used simplified distributed validator technology, or “DVT-lite,” to stake 72,000 Ether in February. “My hope for this project is that in the process, we can make it maximally easy and one-click to do distributed staking for […]

In Massive News For SAVE Act, Cornyn Flips On Filibuster To Push Through Voter ID Up until today, establishment poster boy Sen. John Cornyn (R-TX) was a chief obstacle to killing the filibuster so that Republicans could pass the SAVE Act, which would require photo ID to be able to vote in US elections.  Now, Cornyn has suddenly abandoned his sacred cow – which he called the last bastion of “minority rights” and do “whatever […]

Justice Department Moves Forward With Collection Of Complete Voter Rolls Authored by Petr Svab via The Epoch Times (emphasis ours), The Trump administration is using all its legal levers to obtain complete voter rolls, pressing ahead with dozens of lawsuits and investigations in multiple states. An FBI press office worker approaches the Fulton County Election Hub and Operation Center in Union City, Ga., on Jan. 28, 2026. Arvin […]

Solid 10Y Auction Sees Jump In Foreign Demand Despite Tail After yesterday’s mediocre 3Y auction, today we had the highlight of the week’s coupon issuance when the Treasury sold $39BN in benchmark 10Y paper. And amid a painful selloff that pushed 10Y yields above 4.20%, the auction wasn’t too bad all things considered.  First the ugly: the auction priced at a high yield of 4.217%, up from 4.177% in February and the highest since […]

Energy Shock Threatens Fertilizer Supplies As Echoes Of 2022 Food Price Spike Return The speed of the energy shock is already feeding into agricultural markets, with food inflation risks likely to build as secondary effects ripple through commodity markets following chaos in the Middle East. Soaring input costs, including diesel fuel for tractors and machinery and natural gas as a key fertilizer feedstock, suggest global food prices […]

‘Scientists’ Dump 65,000 Liters Of Chemicals Into Ocean In Geoengineering Experiment Authored by Steve Watson via Modernity.news, In a move that’s raising alarm, researchers have poured 65,000 litres of sodium hydroxide into the Gulf of Maine, claiming it’s a step toward combating climate change through geoengineering.  With unknown effects on marine life, many are worried this experiment reeks of tinkering that could […]

Air Taxis Set For Summer Trials In 26 States Under Trump Admin’s Pilot Program Authored by Rob Sabo via The Epoch Times (emphasis ours), The U.S. Department of Transportation (DOT) announced on March 9 that it had selected eight out of 30 proposals to participate in its Advanced Air Mobility (AAM) and Electric Vertical Takeoff and Landing (eVTOL) Integration Pilot Program (eIPP). A Joby Aviation’s all-electric air taxi lands after […]

China Warns State Firms Against OpenClaw AI As Agent Craze Sweeps Tech Sector Chinese authorities have begun restricting the use of OpenClaw AI applications across government agencies and state-owned enterprises, moving quickly to address security concerns as the technology is rapidly being adopted by companies, developers and investors. Notices issued in recent days warn government bodies and major state-run firms – including […]

Trump Expands Ban On Foreigners Receiving Small Business Loans Authored by José Niño via Headline USA, President Donald Trump’s Small Business Administration announced this week that foreign nationals are now prohibited from accessing all federal small business loan programs, extending restrictions put in place last month, according to Breitbart News. “The Trump SBA is committed to driving economic growth and job […]

It’s Now A Dual Attrition Race By Michael Every of Rabobank Oil vey Hormuz mir! Oil swung (far less than Monday) yesterday on a tweet from the US Energy Secretary saying the US Navy had escorted an oil tanker through Hormuz: that was deleted, and the Navy then stated it can’t do that because of the risks involved – vessels there are still sitting ducks. Iran continued to attack the Gulf states’ energy infrastructure and […]

True Value: Looking Through The Value Rotation Illusion Authored by Michael Lebowitz via RealInvestmentAdvice.com, In our recent article, The Value Rotation Illusion, we explained that in the recent rotation from growth to “value”, passive investors, in actuality, are selling value stocks to buy expensive stocks. Confused? In this follow-up, we take our three-tier earnings valuation framework introduced in the article a step […]

JPMorgan Limits Lending To Private Credit Groups After Marking Down Loan Collateral The barrage of negative private credit news, now that the $1.8 trillion bubble has burst, is coming hot and heavy.  Following last night’s report that Cliffwater, a private credit interval fund which according to Rubric Capital “is the canary in the coal mine and will be the first domino in the bank run” was the latest fund to be hit with 7% in […]

Ex-Goldman Commodity King Warns ‘No Policy Response Can Meaningfully Reverse Oil Prices’ “There is NO policy response that will stop this ascent in crude in the near term,” warns Goldman’s former head of commodity research, Jeff Currie. In an interview on Bloomberg TV (watch here), Currie warned that the broader crisis goes beyond just oil: This isn’t solely an oil issue; the Strait disruption affects multiple commodities and […]

Supreme Court Justices Kavanaugh, Jackson Publicly Disagree Over Emergency Docket Authored by Matthew Vadum via The Epoch Times, U.S. Supreme Court Justices Brett Kavanaugh and Ketanji Brown Jackson clashed on March 9 over the court’s various emergency orders that have allowed President Donald Trump to pursue his policy agenda. The setting was a federal courtroom in the nation’s capital, at an annual lecture honoring former […]

WTI Extends Gains, Shrugs Off SPR Release Amid Crude Build, Dip In US Production Oil prices are higher this morning, shrugging off the well-telegraphed (and practically useless) SPR release. “Oil prices remain volatile and risk sentiment fragile and trading is on the headlines and rapidly evolving conflict in the Middle East,” noted Neil Wilson, Saxo UK investor strategist. And while, the main drivers of crude prices remain more […]

Most Ships Transit Strait Of Hormuz Since War Started Led By Iranian, China-Linked Tankers Yesterday we pointed out that contrary to conventional wisdom of a full Gulf blockade, more ships are now transiting the Strait of Hormuz… Strait ship traffic starting to move (chart GS) pic.twitter.com/VJ0M9ET3yi — zerohedge (@zerohedge) March 10, 2026 … with the caveat that most are turning off their transponders not to attract undue […]

President Of Iran Demands “Reparations” As Trump Says War To End ‘Soon’ As ‘Practically Nothing Left’ To Target  Top headlines of conflict  President of Iran demands reparations and guarantees against future aggression. Trump says the war with Iran will end soon, as there is ‘practically nothing left to target.”  Yet U.S. and Israeli officials plan at least two more weeks of strikes U.S. forces destroyed 16 […]

Microsoft Backs Anthropic’s Bid To Block Pentagon’s ‘Supply-Chain Risk’ Label Authored by Aldgra Fredly via The Epoch Times, Microsoft on March 10 filed an amicus brief backing Anthropic’s lawsuit against the Department of War, seeking a court order to temporarily stop the Pentagon from labeling Anthropic as a supply-chain risk. Anthropic filed the suit on March 9 after the Pentagon designated it a supply chain risk to national […]

Iran Sleeper Cells ‘Activated’; Threaten To “Eliminate” Trump Authored by Steve Watson via Modernity.news, US intelligence intercepts reveal Iran may be triggering covert operatives abroad, as Tehran issues direct warnings to President Trump following the airstrike death of its former supreme leader. U.S. intelligence has intercepted an encrypted message from Iran that appears to be an “operational trigger” for sleeper cells […]

Lloyd’s Of London Says Gulf Tanker Coverage Available As Strait Chaos Erupts Again What caught the attention of one UBS analyst earlier this morning was a Financial Times report stating that Lloyd’s of London is pushing back against claims that insurers are choking off traffic through the Strait of Hormuz. As we have outlined, tanker flows are beginning to creep higher in the strait by midweek, with some tankers switching off their […]

US Core CPI Tumbles To Slowest In 4 Years (Before Iran-Triggered Oil Spike) While all attention is currently on Iran (and the energy impact of actions overseas), today’s CPI (for February) should not be affected by the recent surge in WTI (but March’s data definitely will be)… Source: Bloomberg Headline CPI rose 0.3% MoM (as expected), lifting prices by 2.4% YoY (unchanged from the prior month at the lowest since May 2025)… […]

Stocks Drop As Oil Rebounds Over $90 On Escalating War, Ignoring Looming SPR Release US equity futures remain extremely illiquid, jittery and volatile, and are down 10bps near the morning lows, erasing a 0.5% gain after earlier rebounding on hopes the upcoming SPR release will keep oil lower (it has so far failed to do that). Global equities saw a leg lower during APAC hours following an FT report that JPMorgan is marking down […]