iran

Iran is charging commercial vessels up to $2 million per voyage to transit Hormuz. There is no tariff schedule. The price is whatever Tehran says it is today.

ADNOC cut LNG production because tankers cannot transit Hormuz. Goldman projects Qatar and Kuwait GDP down 14 percent if the war runs through April. Trump's deadline expires Monday.

The US lifted sanctions on 140 million barrels of Iranian oil at sea while bombing Iran. Brent closed at $112.19. The administration has run out of levers.

DXY crossed 100 on Friday. EUR/USD is at 1.1457, USD/JPY at 158, and Q4 GDP was just revised to 0.7% as core PCE hit 3.1%. Here's what's driving the dollar and what breaks the trade.

The DOJ opened a probe into Iran's alleged use of Binance to move $1B+ past U.S. sanctions. Binance's response: sue the Wall Street Journal for defamation. On the same day. Meanwhile, the U.S. is the one that started the war.

Brent hit $119.50 and crashed to $86 in the same session. Trump said the war is "very complete." Iran said that's nonsense. Here's what the curve is pricing.

US gasoline hit $3.41, up 14% in a week. Diesel surged 15.3%. The biggest weekly pump price jump since Russia invaded Ukraine. And the strait is still closed.

Russia is sharing satellite intelligence with Iran on US troop positions. Six Americans are dead. Moscow profits from every barrel Iran can't sell.