Notes in the Margin

"A 'multitude' of intelligence reports provide 'consistent analysis that the regime is not in danger' of collapse and 'retains control of the Iranian public.'"

"The recent increase shows that, unlike other producers, their shipments are unimpeded and that China hasn’t lost its appetite for Tehran’s crude."

A flurry of bad news has drawn fresh scrutiny to the roughly $2 tln private credit market, as investors question the health of loan portfolios.

The rise in oil prices defied a U.S. effort hours earlier to reassure markets with an announcement of the second-largest ever release from the nation's petroleum reserve.

In the nearly 10 days since the State Department directed non-emergency government employees to leave Iraq amid the war with Iran, the U.S. has struggled to remove all personnel.

With the passage of NDAA expected this week, a sweeping change to the Selective Service will attempt to 'automatically' sign American males up to serve.

After 43 air strikes this year,  AFRICOM is still on track to break its annual record for total US airstrikes in Somalia, which it set at 124 strikes last year.

IEA members are advanced economies in Europe, North America and Northeast Asia. Japan said earlier it will release oil stockpiles as early as next week.

President Trump downplayed the risks to the energy markets as a short-term concern. This was clearly wishful thinking. 

Trump had betrayed his base on everything else. Why not also mass deportations?