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UNITED KINGDOM 'AA/A-1+' RATINGS AFFIRMED; OUTLOOK STABLE – S&P
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Trump: We’re not going to let Iran toll the Strait
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Iran has been unable to fully open the Strait of Hormuz because it 'cannot locate all of the mines it laid in the waterway' and currently 'lacks the capability to remove them', according to New York Times report.
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WSJ: Iran still has thousands of ballistic missiles in its arsenal that it could use by retrieving launchers from underground storage areas, according to American officials familiar with U.S. intelligence assessments.
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New York Times on officials: Iran lacks the capability to remove some mines in the Strait of Hormuz
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The crewed Orion capsule of the Artemis II mission separates from the module to begin its free fall in the Pacific
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Washington Post: The US delegation will request the release of Americans detained in Iran
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The number of people working multiple jobs hit its highest level in more than a decade, with Gen Z leading the charge, per Fortune
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IRAN DEMANDS CRYPTO PAYMENTS FOR STRAIT OF HORMUZ TRANSIT

IRAN IS CHARGING A TOLL OF ~$1 PER BARREL ON OIL TANKERS PASSING THROUGH THE STRAIT

PAYMENTS ARE BEING SOUGHT IN CRYPTOCURRENCY TO BYPASS SANCTIONS, AVOID TRACEABILITY, AND PREVENT ASSET SEIZURE
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HEDGE FUND POSITIONING REMAINS EXTREMELY BEARISH

LONG/SHORT RATIO AT 1.61 β€” NEAR 5-YEAR LOWS

INDICATES HEAVY SHORT EXPOSURE VS LONGS

SUGGESTS WEAK CONVICTION IN UPSIDE AND CAUTIOUS MARKET SENTIMENT
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Russia is cashing in on the Iran war:

Russia's main oil tax revenue is set to double in April, to ~$9 billion, up from ~$3.8 billion in March, according to Reuters calculations
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US FEDERAL FINANCES SHOW A SHARP DEFICIT TREND

FIRST 6 MONTHS OF FY2026:
REVENUE AT $2.5 TRILLION
SPENDING AT $3.7 TRILLION
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ABC: Officials from the Foreign Ministry and Defense Ministry and the National Security Council are accompanying Vance to Islamabad
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U.S. FERTILITY RATE HITS RECORD LOW

NOW WELL BELOW REPLACEMENT LEVEL (~2.1)

SIGNALS STRUCTURAL DEMOGRAPHIC DECLINE
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Axios, citing an Israeli source: Netanyahu may agree to a short tactical pause for the airstrikes on Lebanon
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Axios on Israeli officials: It is in the interest to announce a truce in the context of negotiations with Lebanon
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X tests creator attribution tools to pay original content makers over reposts
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Kim Jong Un says Pyongyang prioritizes stronger ties with China in meeting with Wang Yi
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US FEDERAL WORKFORCE IS AGING RAPIDLY

ONLY ~7% OF EMPLOYEES ARE UNDER AGE 30

HIGHLIGHTS WEAK YOUNG TALENT INFLOW AND LONG-TERM SUCCESSION RISK
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RECORD 34% OF FEBRUARY HOME SELLERS CUT LIST PRICES β€” Redfin
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Iranian media on Qalibaf: We are ready to reach an agreement if Washington offers a real agreement and grants Iran its rights.
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