Wednesday's News Links

[CNBC] S&P 500 ticks lower as oil prices move higher again amid Iran conflict: Live updates

[Yahoo/Bloomberg] Oil Rises as Traders Weigh War Impact and Reserves Release Plan

[Yahoo/WSJ] Bond Yields Jump as Oil Prices Rise, Middle East War Outlook Uncertain

[AP] Live updates: Global energy concerns mount as Iran effectively stops cargo traffic in the Strait of Hormuz

[Yahoo/Bloomberg] Three Ships Struck in Day of Heavy Middle East Attacks

[CNBC] Three cargo ships struck off Iran’s coast, UK says, including one in Strait of Hormuz

[AP] Iran war has blocked the Strait of Hormuz, a vital oil chokepoint. Reopening it is a big challenge

[Yahoo/Bloomberg] World Races to Protect Oil Flows as Iran Attacks Continue

[AP] Analysis: Iran war becomes a contest of who can take the most pain

[CNBC] U.S. forces sink 16 Iranian minelayers as reports say Tehran is mining the Strait of Hormuz

[Reuters] Combatants in Mideast war trade more air strikes as Iran clamps down on dissent

[Reuters] US Navy tells shipping industry Hormuz escorts not possible for now

[CNBC] Consumer prices rose 2.4% annually in February, as expected

[Yahoo/Bloomberg] Pimco Sees Crisis of ‘Bad Underwriting’ in Private Credit

[Yahoo/Bloomberg] JPMorgan Restricts Private Credit Lending After Loan Markdowns

[Yahoo/Bloomberg] US Mortgage Rates Climb to 6.19% in Biggest Gain Since September

[CNBC] How the Iran war could impact hyperscalers’ massive AI buildout in the Middle East

[Yahoo/Bloomberg] The Former Academic Guiding OpenAI’s Trillion-Dollar AI Buildout

[Politico] Iran war threatens Board of Peace

[Politico] Europe’s plan to keep Ukraine afloat — even if Hungary keeps blocking €90B loan

[Bloomberg] War In Iran Is Creating a Fertilizer Crisis Like Never Before

[Bloomberg] Amazon’s Mega Bond Sale Is Cheap — For a Reason

[Bloomberg] Dudley: A Compromised Fed Would Risk a Fiscal Crisis

[NYT] Trump Directs War With the Markets Top of Mind

[NYT] Iranian Military Shows It Knows How to Adapt, U.S. Officials Say

[NYT] How Trump and His Advisers Miscalculated Iran’s Response to War

[WSJ] Iran Lays Mines in Strait of Hormuz, Triggering U.S. Response

[WSJ] Trump Says the Iran War Is Nearly Won but Israel Has Other Ideas

[FT] What the Iran war will mean for emerging market economies

[FT] US airlines face $11bn fuel hit from Iran conflict

[FT] Hedge fund Caxton loses more than $600mn in Iran war fallout

Tuesday Evening Links

[CNBC] Stock futures are little changed ahead of consumer inflation report: Live updates 

[Axios] U.S. destroys 16 Iranian vessels amid worries of mines in Strait of Hormuz

[Axios] 5 scenarios for how the Iran war could end

[Yahoo/Bloomberg] Spiking Pump Prices Dent Trump’s Willingness to Extend War

[CBS] Iran signaling it may deploy mines to disrupt Strait of Hormuz, U.S. sources say

[MSN/WP] Pentagon says about 140 troops wounded, 8 severely, in war with Iran

[MSN/WP] Whistleblower claims ex-DOGE member says he took Social Security data to new job

[Bloomberg] Iran’s Cheap, Plentiful Weaponry Puts US Military Under Unprecedented Strain

[Bloomberg] Trump Warns Iran Against Laying Mines in Strait of Hormuz

[Bloomberg] Oil Traders Line Up $7 Billion in Credit to Weather War Turmoil

[Bloomberg] Atlanta Fed Board Seeks President Who Will Defend Independence

[Bloomberg] ECB Won’t Allow Repeat of Last Inflation Shock, Lagarde Says

[NYT] It’s Not Just Oil. The Iran War Is Disrupting Many Essential Goods.

[WSJ] IEA Proposes Largest Ever Oil Release From Strategic Reserves

[WSJ] Record Diesel-Price Surge Hits U.S. Truckers, Retailers and Manufacturers

[WSJ] Republicans Grow Nervous Over Iran War, Gas Prices

[FT] Microsoft backs Anthropic in legal fight with the Pentagon

Tuesday Afternoon Links

[CNBC] Dow rallies, continuing comeback from Iran war lows, as oil prices retreat: Live updates

[Reuters] Oil prices tumble by 15% after Trump predicts Middle East de-escalation

[AP] US and Iran dig in and ramp up threats as war rages with no end in sight

[CNBC] Gas prices pass $3.50 per gallon to highest level since 2024 amid U.S.-Iran war

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

[Reuters] What are the challenges in securing shipping through the Strait of Hormuz?

[Axios] Scoop: U.S. asks Israel to halt strikes on Iran's energy infrastructure

[Reuters] Private credit alarm bells echo 2007 subprime warnings

[Axios] Central banks have an oil price problem

[CNBC] Kevin Warsh faces an economic ‘perfect storm’ as he waits to take over as Fed chair

[Reuters] Exclusive: Hezbollah returns to guerrilla roots, awaits Israeli invasion

[Bloomberg] Iran's Hormuz Control Gives Country Leverage Despite Military Struggles

[Bloomberg] Oil Armada Heads to Red Sea as Saudis Divert From Hormuz

[Bloomberg] Amazon Attracts About $126 Billion of Orders for US Bond Sale

[Bloomberg] Ukraine Faces Air Defense Squeeze as Iran War Burns Supplies

[NYT] Elevated Energy Prices Add to Fed’s Dilemma on Interest Rates

[NYT] Rising Fuel Costs Pressure Airlines and Truckers

[WSJ] Iran Conflict Triggers Losses for Citadel, Millennium and Point72

[FT] There is no return to normal on oil any time soon

[FT] There is no easy exit to Trump’s war

[FT] Citadel and ExodusPoint stung by Iran war turmoil

[FT] Amazon leads record US corporate borrowing rush with $40bn bond sales