Tueday's News Links

[CNBC] Dow drops 800 points as oil surges again, fears rise Iran conflict will drag on: Live updates

[AP] Global shares slump, crude prices soar as Iran launches drone strikes

[Axios] Oil prices surge as Trump team readies to "mitigate" costs

[Yahoo/WSJ] European Gas Prices Soar After Qatar LNG Halt Jolts Market

[CNBC] Iran war live updates: Israel boosts southern Lebanon forces; drones hit U.S. embassy in Riyadh as oil, dollar rise

[AP] Iran strikes the US Embassy in Saudi Arabia as war expands yet again

[Bloomberg] War Expands as US, Israel, Iran Ramp Up Strikes Across Region

[AP] Israel sends troops into southern Lebanon as Hezbollah says it is ready for open war

[Reuters] Intelligence assessment warns of Iranian attacks on US following Khamenei's death

[AP] Average price for a gallon of gas rises 11 cents overnight to about $3.11 in US, AAA says

[MSN/WSJ] What the Iran strikes could mean for US inflation

[CNBC] Amazon says drone strikes damaged 3 facilities in UAE and Bahrain

[Politico] Trump’s Iran gamble risks leaving Ukraine as forgotten war

[Axios] Private credit is probably not the place for democracy

[Yahoo/Telegraph] Another shadow bank hit by sell-off as AI fears spread

[Bloomberg] Putin Is the Iran War’s One Sure Winner

[Bloomberg] Global Economy Is Facing the Prospect of Another Profound Shock

[Bloomberg] Shortage of Tankers in Persian Gulf Could Hit Oil Production

[Bloomberg] Even Before He Reaches the Fed, Warsh’s Path to Rate Cuts Is Getting Tougher

[Bloomberg] Bowman Says Fed Should Look at Effectiveness of Liquidity Rules

[Bloomberg] Bond Markets Open With a Trickle of Deals by Top Rated Issuers

[NYT] In Plunging Into a Mideast Conflict, Trump Gambles His Presidency

[NYT] U.S. Sending More Forces to Middle East as Iran War Widens

[WSJ] Iranian Drones and Missiles Challenge Stretched U.S. Forces

[WSJ] A Market Frenzy Is Lurking Beneath Those Calm Stock Indexes

[WSJ] Trump’s Case for War With Iran Faces Growing Scrutiny

[WSJ] Gulf States in Race Against Time to Repel Iran’s Onslaught

[WSJ] Eurozone Inflation Rises Unexpectedly, With Further Risks on the Horizon

[FT] Iran executes Khamenei’s plan to spread regional war

[FT] Donald Trump struggles to explain why he launched another Middle Eastern war

[FT] Kevin Warsh’s push to shrink Federal Reserve’s balance sheet would evolve slowly

[FT] China prepares landmark law curtailing minority language rights

Monday Evening Links

[CNBC] S&P 500 futures slide as traders monitor latest with U.S.-Iran conflict: Live updates

[Yahoo/Bloomberg] Crude Oil Spikes as Mideast War All But Halts Hormuz Ship Strait 

[Reuters] Credit markets dented as Middle East war adds another worry for investors

[CNBC] Iran war live updates: U.S. embassy in Riyadh hit by drones

[Reuters] Iran vows to attack any ship trying to pass through Strait of Hormuz

[Axios] Earthquake in the Gulf: Iran war expands to dozen countries in 72 hours

[AP] War in the Mideast widens as Trump says strikes on Iran could last several weeks

[Reuters] US urges citizens to immediately depart over a dozen Middle Eastern countries

[Reuters] About 10% of global container fleet caught in Hormuz backup, shipping CEO says

[Bloomberg] Rubio Says US’s ‘Hardest Hits’ on Iran Are Still to Come

[Bloomberg] Iran's Missile Math: $20,000 Drones Take on $4 Million Patriots

[Bloomberg] Dimon Says Exuberant Market Doesn’t Match ‘Fine’ Economy

[Bloomberg] Dimon Warns Higher Inflation Risks Being ‘Skunk at a Party’ for US Economy 

[Bloomberg] Mark Zuckerberg Breaks Miami Record with $170 Million Mansion

[NYT] For Travelers Stuck in Dubai, ‘Chaos and Confusion’ and a Nervous Wait

[WSJ] Iranian Drones and Missiles Challenge Stretched U.S. Forces

[FT] Blackstone flagship private credit fund hit with wave of redemptions

[FT] Hedge funds rethink emerging market bets after US-Israel strikes on Iran

[FT] Trump to drop battle against law firms over punitive executive orders

Monday Afternoon Links

[CNBC] S&P 500 turns positive in dramatic comeback as traders buy the dip after U.S.-Iran attacks: Live updates 

[AP] Oil prices leap on worries about Iran war, while US stocks trim their sharp losses

[Yahoo/Bloomberg] Dollar Rallies Most Since May as War Spurs a Rush Into Havens

[AP] Live updates: Trump says Iran operations likely to last 4 to 5 weeks, but he’s prepared ‘to go far longer’

[Politico] War in the Middle East: Trump team slams US allies — live updates

[Axios] Trump says war against Iran moving "substantially ahead" of schedule

[AP] What to know about the Strait of Hormuz, a key passageway essential for global energy supply

[Reuters] Just one in four Americans say they back US strikes on Iran, Reuters/Ipsos poll finds

[Axios] Anthropic vs. White House puts $60 billion at risk

[Bloomberg] How Iran Conflict Is Disrupting Strait of Hormuz

[Bloomberg] US Manufacturing Grew, Input Costs Soared Before Iran Attack

[FT] Investors turn to gold, not bonds, as haven from war in Iran

[FT] Iran war is upending gas markets

[FT] UK does not back ‘regime change from the skies’, says Starmer

[FT] Lebanon plunged back into war as Israel targets Iran-backed Hizbollah

[FT] Iran attacks show US haven status is in peril

[FT] Elliott amassed £200mn exposure to collapsed mortgage provider MFS

[FT] Inside the plan to kill Ali Khamenei