Tuesday's News Links

[CNBC] Dow jumps 100 points as U.S. oil tumbles on hope Iran deal is close: Live updates

[Yahoo/Bloomberg] Oil Advances as Strikes Near Strait Cloud Outlook for Iran Deal

[CNBC] Treasury yields slide after Memorial Day break as traders weigh Iran peace prospects

[Yahoo/Bloomberg] Treasury Curve Flashes Higher-for-Longer Warning Under Warsh

[Yahoo/Bloomberg] Aluminum Hits Four-Year High on Fears of China Output Cuts

[AP] Iran condemns US strikes as a show of ‘bad faith’ and warns of consequences

[Reuters] Iran says new US strikes violated ceasefire

[Yahoo/Bloomberg] US Strikes Targets in Iran as Trump Hails Progress on Peace Deal

[CNBC] U.S. conducts ‘self-defense strikes’ in Iran as Trump tries to push for peace deal

[Yahoo/Bloomberg] US and Iran Clash Near Hormuz Even as Both Tout Talks Progress

[Yahoo/Bloomberg] Iran’s Khamenei Says No Going Back for Middle East Rocked by War

[Reuters] Governments worldwide shield households from rising energy costs

[Axios] The bond market is telling us the free lunch is over

[Yahoo/WSJ] Corporate Bonds Are a Great Deal if You Don’t Look Too Closely

[Axios] The new oil order that could emerge from an Iran deal

[Bloomberg] New Fed Chair Warsh Is Doomed to Break With His Campaign Pitch

[Bloomberg] Bessent Has Limited Options to Halt Climb in Treasury Yields

[Bloomberg] Banks Need to Prepare for a High-Speed Run

[Bloomberg] Private Credit Losses May Hit Insurers More Than Banks, ECB Says

[Bloomberg] Banks Offload Risk on $500 Billion of Corporate Loans in Europe — and Regulators Are Watching

[Bloomberg] Hedge Funds Are Losing Their Edge in a World of ETFs

[Bloomberg] Chip Bonus Boom Raises Inflation, Housing Risks for BOK, BE Says

[NYT] Iran War Live Updates: Tensions Rise as Iran Threatens to Retaliate Against U.S. Strikes

[NYT] Evolving Warfare Connects the Conflicts in Ukraine and Iran

[WSJ] Trump Thinks Bigger on Mideast as Iran Framework Brings Criticism

[WSJ] For Wall Street’s Private Investments, In-House Insurers Are the Go-To Buyer

[WSJ] How the Iran War Put Housing’s Spring Thaw Back on Ice

[FT] Top ECB policymakers lay groundwork for June rate rise

[FT] Real wages start to shrink in developed countries

[FT] Deregulation hands top US and UK banks $1.3tn opening

[FT] Hedge funds are AImaxxing

[FT] ECB says private-credit fuelled AI boom poses risk to financial system

[FT] Putin and Trump don’t have the cards