Tuesday Afternoon Links

[AP] Dow drops 500 as stocks sell off around the world and oil prices leap even higher on war worries 

[Yahoo/Bloomberg] Oil Rally Builds as ‘Staggering’ Middle East War Jolts Energy

[Yahoo/Bloomberg] Gold Slumps as Dollar, Fed Rate Outlook Offset War Risk Premium

[CNBC] Iran live updates: Trump denies Israel pulled U.S. into war, says he ‘might have forced Israel’s hand’

[Yahoo/Bloomberg] War Widens as US, Israel, Iran Step Up Strikes Across Region

[Axios] UAE considers striking Iranian missile sites as regional war spreads

[AP] Iranian strikes on Amazon data centers highlight industry’s vulnerability to physical disasters

[Yahoo/Reuters] Fed's Kashkari says Iran war obscures monetary policy outlook

[Bloomberg] How the Iran War Is Disrupting Global Oil and Gas Supply

[Bloomberg] Oil Supertanker Costs Near $500,000 a Day as Iran War Disrupts Flows

[Bloomberg] Private Credit’s $143 Billion Leveraged Loan Pile Poses Market Risk, DB Says

[Bloomberg] US Trade Probes Will Conclude Within Five Months, Greer Says

[Bloomberg] Why You Should Worry About the Other War on Iran’s Border

[Bloomberg] Fed Can’t Be Complacent About Still-Hot Inflation, Schmid Says

[Bloomberg] Apollo’s Rowan Warns of Shakeout Coming for Private Markets

[Bloomberg] Soros CIO Says Markets Will Be Painful for More Than a Year

[Bloomberg] Goldman Private Credit Chief Says Gating Is Feature, Not Bug

[Bloomberg] Ares CEO Says UBS Call on 15% Private Debt Default ‘Absolutely Wrong’

[NYT] Big Lenders’ Risky Loans Are Rattling Wall Street

[NYT] War-Induced Inflation Spike Looms Over Europe’s Economic Recovery

[WSJ] Blackstone Played Down Private-Credit Risks. Now It’s Been Hit.

[FT] Blue Owl slides below listing price as private credit worries mount

[FT] Trump threatens to cut trade with ‘terrible’ Spain and calls Starmer ‘no Churchill’