Friday's News Links

[CNBC] Stocks slip even after Trump extends Iran negotiations deadline: Live updates

[CNBC] Brent oil tops $110 again after Chinese ships are turned away from Strait of Hormuz

[CNBC] Markets now see the Fed’s next move as a potential rate hike as inflation fears mount

[CNBC] ‘All bets are off’: European borrowing costs hit 15-year highs as investors brace for rate hikes

[Reuters] Emerging economies' record debt spree slumps into a freeze as Iran war rocks markets

[Yahoo/Bloomberg] Bitcoin Slumps With Options Showing Traders Turning Defensive

[AP] Live updates: Israel’s defense minister warns that Israeli attacks on Iran ‘will escalate and expand’

[Axios] Pentagon weighs sending 10,000 more combat troops to the Middle East

[AP] Iran starts to formalize its chokehold on the Strait of Hormuz with a ‘toll booth’ regime

[Reuters] Exclusive: U.S. can only confirm about a third of Iran's missile arsenal destroyed, sources say

[AP] The war in Iran sparks a global fertilizer shortage and threatens food prices

[Yahoo/Bloomberg] Brace for $200 Oil If War Lasts Until June, Macquarie Warns

[AP] A year after Trump’s DOGE cuts, workers whose lives were upended question what was saved

[Bloomberg] The Iran War Is Now All About the Future of Hormuz

[Bloomberg] Oaktree to Meet 8.5% Private Credit Fund Redemptions in Full

[Bloomberg] Australia Ramps Up Private Credit Scrutiny, Demanding More Data

[Bloomberg] Now There's a Helium Shortage and It Affects More Than Balloons

[NYT] Global Food Supply Faces a Dangerous Bottleneck as Iran War Persists

[NYT] Resurgent Inflation Tests Faith in Fed’s Willingness to Tame It

[NYT] Standoff With Iran Raises Fresh Doubts About Trump’s Freestyle Diplomacy

[NYT] An Invisible Bottleneck: A Helium Shortage Threatens the Chip Industry

[WSJ] Why Investors Were Right to Be Wary of Blue Owl’s $1.4 Billion Deal

[WSJ] The Private-Credit Industry’s Trouble: Surging Redemptions, Slower Fundraising

[WSJ] How the Iran War Compares With Past Market Shocks, in Charts

[WSJ] U.S. and Israel Have Pounded—but Not Eliminated—Iran’s Missile Threat

[WSJ] The U.S. Military Assets Damaged or Lost in the Iran War

[WSJ] China Hits Back at U.S. With New Trade Probes Ahead of Trump-Xi Summit

[FT] Private credit’s stale pricing problem

[FT] Everything you always wanted to know about credit (but were afraid to ask)

Thursday Evening Links

[CNBC] Stock futures rise as Trump extends Iran negotiations deadline: Live updates

[AP] Live updates: Trump delays Strait of Hormuz deadline as Wall Street has biggest loss of war

[Axios] Trump extends deadline for Iran negotiations

[Reuters] Trump weighs sending another 10,000 ground troops to the Middle East, WSJ reports

[Axios] Why these 6 Iranian islands could be crucial to Trump's "final blow" of the war

[Reuters] Exclusive: China's top chipmaker has supplied chipmaking tech to Iran military, US officials say

[AP] Trump says he’ll sign order to pay TSA agents as Congress struggles to reach funding deal

[Yahoo Finance] Fed's Jefferson sees higher inflation from Iran war near term, signals toward holding rates steady

[Reuters] Fed's Cook says the balance of risks has shifted toward inflation due to Iran war

[Reuters] Fed's Barr: Need to be vigilant against rise in inflation expectations

[Bloomberg] Fed Officials Voice Growing Concern Over Fallout from Iran War

[Bloomberg] Starmer Says Won’t Be Pushed Around as Trump Assails Iran Stance

[Bloomberg] Investors Game Out Stagflation Risk in Japan as Oil Prices Rise

[NYT] Iran Acts as Gatekeeper of Hormuz as War Drags On

[WSJ] Fed’s Perli: Monthly Pace of Treasury Purchases Likely to Be ‘Significantly Reduced’ After Mid-April

[WSJ] Anthropic Wins Injunction in Court Battle With Trump Administration

[FT] US bond market shows signs of strain as Iran war sparks Treasury tumult

[FT] Israeli military doubts war will topple Iranian regime

[FT] Federal Reserve could cut balance sheet by $2tn without market turmoil, says Miran

Thursday Afternoon Links

[AP] Stocks fall and oil prices rise as uncertainty about the war with Iran weighs on Wall Street

[Yahoo/Bloomberg] Oil Rallies After Trump Issues Warning to Iran on Peace Talks

[AP] Live updates: Trump insists Iran is ‘begging to make a deal’ after Tehran dismisses ceasefire plan

[Axios] Trump tells Iran to "get serious" in negotiations "before it is too late"

[Reuters] Iran sees US peace plan as 'one-sided' as Trump raises stakes with oil threat

[AP] Average US long-term mortgage rate leaps to 6.38%, the highest level in more than 6 months

[Bloomberg] Funding Markets Show Dash for Cash as Firms Build Buffers

[Bloomberg] Trapped in Private Credit, Investors Wait to Pull Out $5 Billion

[Bloomberg] Russia Helps Iran ‘Kill Americans,’ EU’s Top Diplomat Says

[Bloomberg] Israel Versus Hezbollah: Why the Iran War Has Spread to Lebanon

[Bloomberg] Bessent Says Insurance Program for Hormuz Ships to Start Soon

[Bloomberg] Bitcoin Faces $14 Billion Options Expiry While Middle East Turmoil Mounts

[Bloomberg] Credit Problems Jump After Betting Is Legalized, Fed Study Finds

[Bloomberg] Arctic Sea Ice Ties Ominous Record Amid Geopolitical Upheaval

[NYT] Local Opposition Is Slowing A.I. Data Centers. Wall Street Has Noticed.

[WSJ] Energy-Price Shock Hits a World Already Buried in Debt

[FT] Iran’s hardline new leaders take control