Thursday's News Links

[CNBC] S&P declines following another record-setting day for benchmark: Live updates

[Yahoo/Bloomberg] Oil Holds Gains as US-Iran Talks Stall, Keeping Hormuz Blocked

[Reuters] Morning Bid: How much risk can markets swallow?

[AP] Live updates: US military seizes another oil tanker associated with Iran, intensifying their standoff

[Yahoo/Bloomberg] US Intercepts Iran Oil Supertankers as Tehran Keeps Hormuz Shut

[Reuters] Iran tightens control of Hormuz after US calls off renewed attacks

[CNBC] ‘We are facing the biggest energy security threat in history,’ IEA chief tells CNBC

[AP] US jobless claim filings rise modestly to 214,000 last week, remain at historically healthy levels

[Reuters] Biggest IPO wave in history promises $3 trillion in value – with no profits

[Reuters] Iran war impact seeps ever deeper into global economy

[Axios] Pete Hegseth fires U.S. Navy Secretary John Phelan

[AP] Canada’s prime minister says the US does not get to dictate terms for a trade agreement

[Bloomberg] US Says It Awaits Iran Move on Talks as Hormuz Tension Rises

[Bloomberg] Shipping Through Hormuz Remains Largely Frozen After US Blockade

[Bloomberg] Dudley: Warsh Wants Fed Regime Change. Here’s Where to Start.

[Bloomberg] Cherry Blossoms Are Proof of a Planet Going Awry

[NYT] Why Diesel Has Become a Much Bigger Economic Problem Than Gasoline

[WSJ] How U.S. Ship Boardings Have Kicked Off a New Phase of the Iran War

[WSJ] Air War in Iran Gives Way to Crippling Stalemate in Hormuz

[WSJ] U.S. Officials Try to Get a Grip on Risks Bubbling Inside Private Credit

[WSJ] In a Slow Market, Some Houses Are Still Selling Fast

[FT] US-Iran war hits new stalemate with shaky ceasefire deal

[FT] ‘The last thing we needed’: US farmers hit by spiralling prices due to Iran war

Wednesday Evening Links

[CNBC] S&P futures are little changed following another record-setting day for benchmark: Live updates

[Reuters] S&P, Nasdaq close at records on Iran ceasefire extension, earnings

[AP] Iran fires on 3 ships in the Strait of Hormuz as US maintains blockade and diplomacy stalls

[Yahoo/Bloomberg] Iran Fires on Hormuz Ships as US Navy Intercepts Oil Tankers

[Reuters] Exclusive: US intercepts three Iranian oil tankers in Asian waters, sources say

[AP] More confusion looms over Strait of Hormuz after Iran attacks three ships near waterway

[Reuters] Private credit funds for wealthy individuals raise 45% less new money in Q1, RA Stanger says

[Reuters] US Navy Secretary Phelan fired by Pentagon, source says

[Reuters] Fannie, Freddie to accept 'predictive' credit scores, US officials say

[AP] Airline company Lufthansa cuts 20,000 flights as war squeezes fuel prices and supplies

[Bloomberg] Property Billionaire Warns of Data Center Selloff as Debt Swells

[NYT] Iran Again Tightens Its Grip on Shipping in the Strait of Hormuz

[FT] US allies in Gulf and Asia have requested swap lines, Scott Bessent says

[FT] Iran war drives Panama Canal lane prices to record high

Wednesday's Afternoon Links

[AP] US stocks rise toward more records while Brent oil tops $100 on uncertainty about the Iran war

[CNBC] Strait of Hormuz remains basically closed as Iran seizes ships after Trump ceasefire extension

[Reuters] Attacks in south Lebanon strain ceasefire on eve of Washington talks

[MSN/WP] Clearing Strait of Hormuz of mines could take six months, Pentagon tells Congress

[Reuters] EU looks to tighten grip on jet fuel as Iran war spotlights shortage risks

[Yahoo News] High prices sparked by Iran war could linger for years, EU official warns

[Reuters] US slams China's pressure on African countries to block Taiwan president's trip

[Bloomberg] US and Iran Deadlocked Over Hormuz After Trump Extends Truce

[Bloomberg] Hormuz Traffic at Near-Halt as Ships Come Under Gunfire

[Bloomberg] Bessent Says US Allies in Gulf, Asia Requested Swap Lines

[Bloomberg] Pirro Says She Is Continuing to Probe Fed for Cost Overruns

[Bloomberg] Brussels Unveils Energy Package to Cushion Soaring Fuel Costs

[Bloomberg] Blackstone, KKR Move to Restructure $1.4 Billion Private Loan

[NYT] Trump’s Fed Pick Faces Tough Task Shedding ‘Sock Puppet’ Label

[NYT] Bessent Backs Financial Support for Oil-Rich U.A.E.

[FT] Trump’s ‘dirty ceasefire’ tested as Iran hits shipping