Notes in the Margin

"The conflict could be remembered as a key catalyst for erosion in petrodollar dominance and the beginnings of the petroyuan."

Dictator Mohammed bin Salman has convinced Trump to help the anti-Christian, absolutist Saudi dictatorship "remake the Middle East."

Today, the mortgage interest rate on a 30-year fixed mortgage is 6.47%, remaining near a 3-month high as Iran-war uncertainty weighs on bonds. 

Fuelling at service stations has been restricted to 50 litres per day for private vehicles and 200 litres for companies and other priority users such as farmers.

"The U.S. government is insolvent. That’s not hyperbole — it’s the conclusion drawn directly from the Treasury Department’s own consolidated financial statements."

WSJ: "To broaden access to private markets, we should first restore public markets for small and medium-size companies so that all investors have an array of public and private choices."

Brandan Buck: From Venezuela to Iran, the president thinks he can avoid 'the forever war trap' but that is exactly what we're going to get. 

The 10-year Treasury yield — the benchmark for U.S. government borrowing — added nearly 10 basis points to 4.382%....

"[The Pentagon] announced the deployment of 5,000 marines and sailors, as well as USS Tripoli, an amphibious assault ship, to the Middle East, signalling the possibility of a ground operation."

Politico: Support for the war among all Republicans remains solid, even among non-MAGA GOP. Republicans only oppose wars when a Democrat is president.