— NEW: Asian refiners are rerouting Saudi crude shipments through the Suez Canal and around Africa following Houthi threats of a naval blockade on Saudi Arabia, adding up to four weeks of transit time and raising freight costs significantly, Reuters reports.
Two oil tankers carrying Saudi crude to Asia reversed course in the Red Sea on Tuesday after Houthi blockade threats; vessel crossings via the Strait of Hormuz also declined further.
Liberia-flagged tanker *Rodos*, loaded at Saudi Arabia's Red Sea port of Yanbu and bound for India, was tracking west toward the Suez Canal as of Tuesday.
South Korean refiner Hyundai Oilbank is seeking a Very Large Crude Carrier to load at Yanbu with the option of routing via the Suez Canal and Egypt's SUMED pipeline to South Korea.
Saudi crude and products transiting the Bab el-Mandeb Strait hit a record of over 4 million barrels per day last month, making the disruption particularly acute for Riyadh.
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Two oil tankers carrying Saudi crude to Asia reversed course in the Red Sea on Tuesday after Houthi blockade threats; vessel crossings via the Strait of Hormuz also declined further.
Liberia-flagged tanker *Rodos*, loaded at Saudi Arabia's Red Sea port of Yanbu and bound for India, was tracking west toward the Suez Canal as of Tuesday.
South Korean refiner Hyundai Oilbank is seeking a Very Large Crude Carrier to load at Yanbu with the option of routing via the Suez Canal and Egypt's SUMED pipeline to South Korea.
Saudi crude and products transiting the Bab el-Mandeb Strait hit a record of over 4 million barrels per day last month, making the disruption particularly acute for Riyadh.
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Media is too big
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NEW: Two men stabbed an off-duty NYPD officer on Bell Boulevard and vanished. The 30-year-old was knifed in the right hand during an alleged verbal dispute outside Bayside businesses shortly before 1 a.m., according to police. He is in stable condition
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— Lavrov reported that he will meet with Rubio tomorrow.
▶ The Moscow Exchange index began to rise following this news.
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▶ The Moscow Exchange index began to rise following this news.
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Bitcoin is outperforming Gold by 10% this month.
Historically, this has been a strong accumulation zone.
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Historically, this has been a strong accumulation zone.
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This is why, in many parts of Africa, a wife is often the first person people suspect or hold responsible when her husband dies prematurely.
slow poisoning through food is mostly the common cause.
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slow poisoning through food is mostly the common cause.
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THE NEXT GLOBAL MARKET SELLOFF COULD START BECAUSE OF JAPAN.
Bank of Japan officials just said they're ready to hike rates sooner than expected, according to Bloomberg.
The reason: the yen keeps falling, and that's pushing inflation risk higher.
The yen just hit its weakest level in 40 years. Right after that, the government warned it might step in.
The next hike was expected in December, six months after June's rate hike.
But officials say they don't have to wait that long. They can hike sooner if needed.
The market is already pricing a rate hike sooner than expected. Traders are pricing in a 72% chance of another hike by October, two months earlier than the usual timeline.
There's another reason for this. Companies are raising prices faster than before, and a weak yen gives them even more reason to keep doing that.
Inflation is now close to the BOJ's 2% target for the first time in 13 years.
A single BOJ rate hike in August 2024 was enough to trigger a massive global stock selloff.
That's because trillions of dollars sit in the yen carry trade, where investors borrow cheap yen and use it to buy higher yielding assets abroad.
Now imagine what a faster, unexpected round of hikes could do.
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Bank of Japan officials just said they're ready to hike rates sooner than expected, according to Bloomberg.
The reason: the yen keeps falling, and that's pushing inflation risk higher.
The yen just hit its weakest level in 40 years. Right after that, the government warned it might step in.
The next hike was expected in December, six months after June's rate hike.
But officials say they don't have to wait that long. They can hike sooner if needed.
The market is already pricing a rate hike sooner than expected. Traders are pricing in a 72% chance of another hike by October, two months earlier than the usual timeline.
There's another reason for this. Companies are raising prices faster than before, and a weak yen gives them even more reason to keep doing that.
Inflation is now close to the BOJ's 2% target for the first time in 13 years.
A single BOJ rate hike in August 2024 was enough to trigger a massive global stock selloff.
That's because trillions of dollars sit in the yen carry trade, where investors borrow cheap yen and use it to buy higher yielding assets abroad.
Now imagine what a faster, unexpected round of hikes could do.
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SHUTDOWN: House Republicans voted to block the Democrat government shutdown. It is now up to Leader Thune to decide if he wants to stop their planned shutdown
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President Donald J. Trump has announced via Truth Social that "any time the Islamic Republic of Iran shoots at a ship in the Strait of Hormuz..the United States will bomb and destroy ONE BRIDGE OR POWER PLANT..."
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BREAKING: Trump says the US will bomb and destroy one bridge or power plant for every time Iran shoots at a ship in the Strait of Hormuz “from this point forward.”
Trump says this includes bridges and power plants next to or in Tehran.
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Trump says this includes bridges and power plants next to or in Tehran.
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Dinitz-Garg-Goemans conjecture is false. This graph theory problem was open for ~30 years.
The graph below has fractional flow cost 58. Any unsplittable flow (with capacity violation <=15) has cost at least 60.
Chat with GPT 5.6 Pro where this was found:
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The graph below has fractional flow cost 58. Any unsplittable flow (with capacity violation <=15) has cost at least 60.
Chat with GPT 5.6 Pro where this was found:
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