Thursday's News Links

[CNBC] Dow dives 600 points as oil jumps, Iran says it will keep Strait of Hormuz shut: Live updates

[CNBC] Oil prices touch $100 again as Iran ramps up shipping attacks in the Persian Gulf

[Yahoo/Bloomberg] War Cost Sinks Long-Term Government Bonds on Deficit Worries

[AP] Live updates: Iran’s supreme leader issues first statement, vowing to avenge those killed in the war

[AP] US applications for unemployment benefits inch down to 213,000 as layoffs remain stable

[Yahoo/Bloomberg] Iran Steps Up Attacks on Dubai and Shipping as War Escalates

[Reuters] Six vessels attacked in Gulf, Strait of Hormuz as war puts merchant ships on front lines

[Reuters] Oil tankers burn as Iranian strikes defy Trump's claim to have won the war

[Yahoo/WSJ] Middle East War Is Causing Largest Oil Supply Disruption in History, IEA Says

[Reuters] Trump administration estimates Iran war cost at over $11 billion in six days, source says

[Yahoo/Bloomberg] Mideast Shipping Crisis Widens With More Tankers Hit in Gulf

[Yahoo/Bloomberg] Two Tankers Attacked In Iraq Waters, Oil Terminals Suspended

[Reuters] Trump and Iran signal no quick end to war as tankers burn in Iraqi waters

[Yahoo/Bloomberg] Two Tankers Attacked In Iraqi Waters, Oil Terminals Suspended

[Axios] Iranian oil squeeze tests Trump's war plans

[Axios] Calls grow for Hormuz ship escorts as Iran escalates attacks

[AP] Iran targets busiest international airport as top UN body demands halt to attacks on Gulf neighbors

[Axios] Trump administration launches new trade investigation

[Axios] Private credit has a vibes problem

[Reuters] Morgan Stanley restricts redemptions at private credit fund after withdrawals surge

[CNBC] A global food price shock looms as Middle East war rages on. Here’s who will be hit hardest

[Yahoo/Bloomberg] Surging Air Fares Upend Global Travel as Peak Season Nears

[Bloomberg] Oman Evacuates Oil Port, Ships Hit in Gulf as Crisis Worsens

[Bloomberg] JPMorgan Says Hedge Funds Hit by Worst Drawdown Since April

[Bloomberg] Private Credit Exodus Forces Caps at Cliffwater, Morgan Stanley

[Bloomberg] Apollo's Private Credit Logic Is a Lot Like Goldman

[Bloomberg] Australia Inflation Expectations Rise to Highest Since 2023

[Bloomberg] Asian Banks Pause Gulf Lending Drive on Mounting Risks From War

[NYT] First 6 Days of Iran War Cost U.S. $11.3 Billion, Pentagon Says

[NYT] Private Equity’s Private Credit Problem

[WSJ] Brent Tops $100 Again as Middle East Conflict Widens

[WSJ] Escalating Hormuz Crisis Raises Specter of Prolonged Closure

[WSJ] Iran’s Sea Mines Are One of Its Most Powerful Weapons

[WSJ] Ending Iran War Quickly Carries Big Risks for the U.S. and Allies

[WSJ] Government Bonds Look Vulnerable as Lengthy Period of High Oil Prices Looms

[WSJ] President Trump’s Head-Spinning Pivot on an Emergency Oil Release

[WSJ] As Health Insurance Costs Soar CFOs Seek Ways to Dull the Pain

[FT] Investment fund questions valuations in Blue Owl’s private credit portfolio

[FT] Partners Group sounds alarm on private credit default rates

[FT] US launches new trade probes into a series of countries and the EU

[FT] The Iran war’s shadow front: Iraq

Wednesday Evening Links

[CNBC] Stock futures slip as traders watch oil prices, Iran war for effect on economy: Live updates

[Yahoo/Bloomberg] Oil Advances as Amped Up Iran Rhetoric Outweighs Release Plan

[AP] Iran targets ships, Dubai airport and oil facilities as economic concerns mount

[Reuters] Oil shock from Iran war prompts countries to open strategic reserves

[Yahoo/Bloomberg] Trump Touts Strikes on Iran, Downplays Mine Threat in Hormuz

[Reuters] US February budget deficit flat at $308 billion as tariff revenues not yet hit by court ruling

[Bloomberg] US to Release 172 Million Barrels for IEA Plan to Tap Reserves

[Bloomberg] US Launches Trade Probe Into China, EU in Trump’s Tariffs Revival

[Bloomberg] Private Credit Firm Ares Holds Town Hall to Reassure Staff on Market Volatility

[Bloomberg] BOJ Watchers Set Sights on April Rate Hike After Hold Next Week

[Bloomberg] EU Warns Iran Conflict Could Push the Bloc’s Inflation Above 3%

[Bloomberg] New York City’s Rating Outlook Cut to Negative by Moody’s

[WSJ] Iran War: Five Things to Know

[FT] Cliffwater caps payouts at credit fund as redemption requests surge

Wednesday Afternoon Links

[CNBC] Dow slides 400 points as oil prices move higher again amid Iran conflict: Live updates

[Reuters] Oil prices up 4% as supply fears mount despite record stocks release plan

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

[Reuters] Iran tells world to get ready for oil at $200 a barrel as it fires on merchant ships

[Reuters] Iran has laid about a dozen mines in Strait of Hormuz, sources say

[AP] Iran targets ships, Dubai airport and oil facilities as economic concerns mount

[Axios] Trump tells Axios there's "practically nothing left" to target in Iran

[AP] Wealthy nations pledge record release of emergency oil reserves in a bid to calm surging prices

[AP] Trump keeps telling America he’s winning in Iran. He’s less clear in explaining how the war ends

[CNBC] U.S. deficit tops $1 trillion through February but runs below year-ago pace

[Reuters] JPMorgan marks down value of loan portfolios of some private credit groups, source says

[AP] Pentagon blocks photographers from Hegseth’s briefings on the Iran war

[Politico] Zelenskyy to Trump: Put more pressure on Putin, ‘not on me’ 

[Bloomberg] In Leveraged Loan Selloff, Most Liquid Debt Gets Hit Hardest

[Bloomberg] Operations Suspended at Oman Port as Drones Hit Fuel Tanks

[Bloomberg] Record March Heat to Scorch Los Angeles, US Southwest

[WSJ] U.S. Plan to Unblock Strait of Hormuz Collides With Realities of Global Insurance

[FT] JPMorgan marking down loan portfolios of private credit groups

[FT] Goldman executive says private markets clients ‘glad’ about Iran war ‘distraction’