Wednesday's News Links

[CNBC] Stocks rise after Trump extends ceasefire with Iran: Live updates

[Yahoo/Bloomberg] Oil Rises on Elusive Peace Deal Outlook, Iran Gunboat Attacks

[Yahoo/Bloomberg] Gold Recovers After Two-Day Drop as Trump Extends Iran Ceasefire

[AP] Live updates: Iran attacks 3 ships in the Strait of Hormuz as Trump indefinitely extends ceasefire

[CNBC] Iran says it has seized two ships in Strait of Hormuz after U.S. extends ceasefire

[Axios] Trump gives Iran days to end power struggle, return to peace talks

[Yahoo/Bloomberg] Iran Menaces Hormuz as Its Own Oil Tankers Test US Blockade

[Reuters] From paint to planes, Iran war lifts costs, darkens outlooks

[Reuters] Waiting for 'safe and sustainable' strait crossings, top shipping execs say

[Yahoo/Bloomberg] US Home-Purchase Applications Jump as Rates Settle Back

[Yahoo/Bloomberg] As Blue Owl’s Strains Worsened, Its Bankers Pitched a Long Shot

[Yahoo/Bloomberg] Wall Street’s Bullish Stocks View Contrasts With Consumer Gloom

[Yahoo/Bloomberg] Oil Trader CFOs Say Hormuz Closure Driving Wave of Disputes

[Reuters] Aluminium faces 'black swan' supply shock, Mercuria says

[The Hill] US military used up nearly half of Patriot missiles during Iran war: Analysis

[AP] UK inflation rises as prices at the pump spike after Iran war

[CNBC] Hormuz is just a ‘dry run’ if China and U.S. go to war in the Pacific, Singapore foreign minister warns

[Bloomberg] Trump Says US Caught Chinese ‘Gift’ for Iran, Testing Red Line

[Bloomberg] Private Credit BDCs’ 2028 Maturity Wall Poses Risk, Moody’s Says

[Bloomberg] Unraveling Hedge Fund Trade Derails Boom in Taiwan Convertibles

[Bloomberg] Iran War to Impact Shipping Long After It Ends, Japan’s MOL Says

[Bloomberg] Ukraine to Get €90 Billion EU Loan as Orban Heads for the Exit

[NYT] Hoarding Is Driving Energy Prices Higher Everywhere

[WSJ] U.S., Iran Delay Talks in High-Stakes Game of Chicken

[WSJ] Secretive Shipments of Iranian Oil to China Are Under Threat by U.S.

[WSJ] U.S. Blocks Iraq’s Dollar Shipments to Squeeze Its Iran-Backed Militias

[WSJ] Key Moments From Kevin Warsh’s Congressional Testimony

[WSJ] How Asia’s Biggest Nations Are Riding Out the Energy Shock

[FT] Dollar gives up bulk of war gains as traders abandon bullish bets

[FT] Hormuz disruption raises risk of global food shock, traders warn

[FT] Six lessons from history’s greatest financial crises

[FT] The remarkable renaissance of high-frequency traders

Tuesday Evening Links

[CNBC] Stock futures rise after Trump extends ceasefire with Iran: Live updates

[Yahoo/Bloomberg] Oil, Gas Whipsaw Post-Settlement as Trump Extends Iran Ceasefire

[Axios] Trump extends Iran ceasefire, citing "fractured" Iranian government

[Yahoo/Bloomberg] Trump Extends Iran Truce, Maintains Blockade as Talks Falter

[CNBC] Trump extends ceasefire in Iran, citing ‘seriously fractured’ Iranian government

[AP] Live updates: Trump says US is extending ceasefire while awaiting proposal from Iran

[Bloomberg] Fed’s Waller Calls for Shakeup of Central Bank’s Operations

[FT] Kevin Warsh sidesteps questions over Donald Trump’s influence on Fed rate policy

[FT] Warsh signals evolution, not revolution at the Fed

[FT] Iranian tankers bypass US blockade

Tuesday Afternoon Links

[CNBC] Stocks close lower as Iran ceasefire deadline looms amid threat of canceled talks: Live updates

[Reuters] Wall Street's rally fades as Middle East angst overshadows earnings optimism

[Reuters] Oil prices climb 5% after Trump says he does not want to extend Iran ceasefire

[Axios] Vance's Pakistan trip postponed indefinitely as Iran boycotts peace talks

[AP] Live updates: US-Iran talks are in doubt as ceasefire nears an end

[Axios] Vance's Pakistan trip on hold as Iran refuses to commit to peace talks

[Yahoo/Bloomberg] US Awaits Iran Decision on Talks as Ceasefire Deadline Nears

[Reuters] Warsh calls for 'regime change' at Fed, new inflation approach

[AP] Warsh says Trump has not pressured him to cut rates, even as president calls for reductions

[Reuters] Fed chair nominee Warsh has big ideas. Here are some, in his own words

[AP] What to know as ceasefire in the Iran war hangs in the balance

[AP] US military pushes for boost in 2027 spending on drones and air defenses used in Iran war

[Axios] US Awaits Iran Decision on Talks as Ceasefire Deadline Nears

[Yahoo/Bloomberg] Trump Encourages Companies Not to Seek Tariff Refunds

[Politico] Russia uses AI to hack Europe, Dutch intelligence warns

[Bloomberg] Here Are the Key Takeaways From Kevin Warsh’s Fed Confirmation Hearing

[Bloomberg] Riskiest Junk Debt Is Lagging as Investors Continue to Fret About Software Firms’ AI Future

[NYT] U.S. Considers Financial Support for Oil-Rich U.A.E.

[NYT] Job Cuts Driven by A.I. Are Rising on Wall Street

[WSJ] The AI Spending Spree Is Far from Over

[WSJ] Probe of Trump Foes Heats Up Under Acting Attorney General

[FT] Oil market has lost a billion barrels due to Iran war, Vitol boss warns