Tuesday Afternoon Links

[CNBC] Dow rallies, continuing comeback from Iran war lows, as oil prices retreat: Live updates

[Reuters] Oil prices tumble by 15% after Trump predicts Middle East de-escalation

[AP] US and Iran dig in and ramp up threats as war rages with no end in sight

[CNBC] Gas prices pass $3.50 per gallon to highest level since 2024 amid U.S.-Iran war

[AP] What to know about the Strait of Hormuz, a key passageway essential for global energy supply

[Reuters] What are the challenges in securing shipping through the Strait of Hormuz?

[Axios] Scoop: U.S. asks Israel to halt strikes on Iran's energy infrastructure

[Reuters] Private credit alarm bells echo 2007 subprime warnings

[Axios] Central banks have an oil price problem

[CNBC] Kevin Warsh faces an economic ‘perfect storm’ as he waits to take over as Fed chair

[Reuters] Exclusive: Hezbollah returns to guerrilla roots, awaits Israeli invasion

[Bloomberg] Iran's Hormuz Control Gives Country Leverage Despite Military Struggles

[Bloomberg] Oil Armada Heads to Red Sea as Saudis Divert From Hormuz

[Bloomberg] Amazon Attracts About $126 Billion of Orders for US Bond Sale

[Bloomberg] Ukraine Faces Air Defense Squeeze as Iran War Burns Supplies

[NYT] Elevated Energy Prices Add to Fed’s Dilemma on Interest Rates

[NYT] Rising Fuel Costs Pressure Airlines and Truckers

[WSJ] Iran Conflict Triggers Losses for Citadel, Millennium and Point72

[FT] There is no return to normal on oil any time soon

[FT] There is no easy exit to Trump’s war

[FT] Citadel and ExodusPoint stung by Iran war turmoil

[FT] Amazon leads record US corporate borrowing rush with $40bn bond sales