> US, BRENT CRUDE FUTURES EXTEND GAINS AFTER TRUMP SAYS WE'RE GOING TO HIT IRAN HARD AGAIN TODAY; BRENT LAST UP 2.7%, WTI UP 3.5%
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> TRUMP ON IRAN: THEY HAVE AGREED TO NOT HAVING A NUCLEAR WEAPON, ALL THEY HAVE TO DO IS SIGN THE PAPER
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> INDIA SUMMONS US DEPUTY CHIEF OF MISSION IN DELHI OVER STRIKE ON TANKER OFF OMAN COAST WHERE THREE INDIANS ARE MISSING - SOURCES
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> IRAN'S PRESIDENT ON X: THREATS TO TARGET INFRASTRUCTURE ARE NOT A SHOW OF STRENGTH BUT A SIGN OF DESPERATION
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> TRUMP: “I LOVE THE INFLATION”
PRESIDENT DONALD TRUMP BRUSHED ASIDE CONCERNS AFTER U.S. INFLATION ROSE TO 4.2% IN MAY, SAYING, “I LOVE THE INFLATION” AND CALLING THE DATA “GREAT.” HE ARGUED HIGHER PRICES, DRIVEN LARGELY BY ENERGY COSTS LINKED TO THE IRAN CONFLICT, WILL FALL SHARPLY ONCE THE WAR ENDS AND OIL FLOWS RESUME NORMALLY. TRUMP REMAINS CONFIDENT A DEAL WITH IRAN WILL EVENTUALLY BE REACHED.
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PRESIDENT DONALD TRUMP BRUSHED ASIDE CONCERNS AFTER U.S. INFLATION ROSE TO 4.2% IN MAY, SAYING, “I LOVE THE INFLATION” AND CALLING THE DATA “GREAT.” HE ARGUED HIGHER PRICES, DRIVEN LARGELY BY ENERGY COSTS LINKED TO THE IRAN CONFLICT, WILL FALL SHARPLY ONCE THE WAR ENDS AND OIL FLOWS RESUME NORMALLY. TRUMP REMAINS CONFIDENT A DEAL WITH IRAN WILL EVENTUALLY BE REACHED.
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> 🚨 US ENERGY SECRETARY WRIGHT, ASKED ABOUT TRUMP'S COMMENTS, SAYS HE'S NOT AWARE OF THE U.S. TAKING OIL OUT OF IRAN
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> PIMCO WARNS DEFAULT WAVE IS COMING
PIMCO WARNS THAT A CREDIT-LOSS CYCLE IS UNDERWAY, WITH DEFAULTS EXPECTED TO RISE SHARPLY AMONG LOWER-QUALITY BORROWERS, INCLUDING LEVERAGED AND PRIVATE CREDIT COMPANIES. THE FIRM SAYS AI-DRIVEN DISRUPTION COULD HURT HEAVILY INDEBTED BUSINESSES, WHILE CURRENT CREDIT MARKETS APPEAR COMPLACENT ABOUT RISKS. PIMCO FAVORS INTERMEDIATE-TERM GOVERNMENT BONDS, CITING RECESSION RISKS, PERSISTENT UNCERTAINTY, AND THE POTENTIAL FOR FUTURE CENTRAL-BANK RATE CUTS.
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PIMCO WARNS THAT A CREDIT-LOSS CYCLE IS UNDERWAY, WITH DEFAULTS EXPECTED TO RISE SHARPLY AMONG LOWER-QUALITY BORROWERS, INCLUDING LEVERAGED AND PRIVATE CREDIT COMPANIES. THE FIRM SAYS AI-DRIVEN DISRUPTION COULD HURT HEAVILY INDEBTED BUSINESSES, WHILE CURRENT CREDIT MARKETS APPEAR COMPLACENT ABOUT RISKS. PIMCO FAVORS INTERMEDIATE-TERM GOVERNMENT BONDS, CITING RECESSION RISKS, PERSISTENT UNCERTAINTY, AND THE POTENTIAL FOR FUTURE CENTRAL-BANK RATE CUTS.
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> U.S. ENERGY CHIEF DISPUTES IRAN OIL CLAIM
U.S. ENERGY SECRETARY CHRIS WRIGHT SAID HE IS UNAWARE OF ANY OPERATION TO SEIZE MILLIONS OF BARRELS OF IRANIAN OIL, CONTRADICTING EARLIER COMMENTS BY DONALD TRUMP. WRIGHT TOLD LAWMAKERS THAT U.S. FORCES HAVE HELPED FACILITATE SOME OIL SHIPMENTS THROUGH THE STRAIT OF HORMUZ AND NOTED THAT TANKER TRAFFIC HAS INCREASED SIGNIFICANTLY OVER THE PAST WEEK.
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U.S. ENERGY SECRETARY CHRIS WRIGHT SAID HE IS UNAWARE OF ANY OPERATION TO SEIZE MILLIONS OF BARRELS OF IRANIAN OIL, CONTRADICTING EARLIER COMMENTS BY DONALD TRUMP. WRIGHT TOLD LAWMAKERS THAT U.S. FORCES HAVE HELPED FACILITATE SOME OIL SHIPMENTS THROUGH THE STRAIT OF HORMUZ AND NOTED THAT TANKER TRAFFIC HAS INCREASED SIGNIFICANTLY OVER THE PAST WEEK.
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> SPACEX IPO DEMAND SWAMPS SHARE SUPPLY
SPACEX’S IPO HAS REPORTEDLY ATTRACTED DEMAND FOR MORE THAN FOUR TIMES THE SHARES AVAILABLE, HIGHLIGHTING STRONG INVESTOR APPETITE. THE COMPANY PLANS TO RAISE ABOUT $75 BILLION AT A $1.8 TRILLION VALUATION, MAKING IT THE LARGEST IPO EVER AND SURPASSING SAUDI ARAMCO’S RECORD LISTING. SHARES ARE EXPECTED TO BEGIN TRADING ON JUNE 12 UNDER THE TICKER $SPCX
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SPACEX’S IPO HAS REPORTEDLY ATTRACTED DEMAND FOR MORE THAN FOUR TIMES THE SHARES AVAILABLE, HIGHLIGHTING STRONG INVESTOR APPETITE. THE COMPANY PLANS TO RAISE ABOUT $75 BILLION AT A $1.8 TRILLION VALUATION, MAKING IT THE LARGEST IPO EVER AND SURPASSING SAUDI ARAMCO’S RECORD LISTING. SHARES ARE EXPECTED TO BEGIN TRADING ON JUNE 12 UNDER THE TICKER $SPCX
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> RAYDIUM’S LEGACY AMM V3 EXPLOITED FOR $1.34 MILLION VIA LP MINT VALIDATION FLAW
RAYDIUM SAID A DEPRECATED LEGACY AMM V3 PROGRAM WAS EXPLOITED FOR APPROXIMATELY $1.34 MILLION AFTER AN LP MINT VALIDATION FLAW ALLOWED AN ATTACKER TO BYPASS PROPORTION CHECKS. THE PROJECT SAID ONLY INACTIVE LEGACY AMM V3 POOLS WERE AFFECTED, WHILE CURRENT MAINNET PROGRAMS, SDK, AND DAPP REMAIN UNAFFECTED. RAYDIUM WILL FULLY COMPENSATE AFFECTED USERS AND IS CONDUCTING A SECURITY REVIEW OF ALL MAINNET PROGRAMS. — LINK
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RAYDIUM SAID A DEPRECATED LEGACY AMM V3 PROGRAM WAS EXPLOITED FOR APPROXIMATELY $1.34 MILLION AFTER AN LP MINT VALIDATION FLAW ALLOWED AN ATTACKER TO BYPASS PROPORTION CHECKS. THE PROJECT SAID ONLY INACTIVE LEGACY AMM V3 POOLS WERE AFFECTED, WHILE CURRENT MAINNET PROGRAMS, SDK, AND DAPP REMAIN UNAFFECTED. RAYDIUM WILL FULLY COMPENSATE AFFECTED USERS AND IS CONDUCTING A SECURITY REVIEW OF ALL MAINNET PROGRAMS. — LINK
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