Friday's News Links

[CNBC] Stock futures bounce as oil prices ease slightly with S&P 500 headed for third-straight losing week: Live updates

[Reuters] Oil prices dip as Indian tanker sails out of Strait of Hormuz

[AP] Live updates: Hegseth says Iran’s new supreme leader ‘is wounded and likely disfigured’

[Yahoo/Bloomberg] Trump Warns of New Strikes on Iran as War Hits Two-Week Mark

[Reuters] US carrying out rescue effort after military aircraft crash in Iraq

[Yahoo/Reuters] US allows countries to buy Russian oil stranded at sea for 30 days

[Axios] Scoop: Trump claimed in G7 call that Iran is "about to surrender"

[Axios] Trump officials: Ship escorts to start in Strait of Hormuz "soon"

[Politico] Trump is ‘wrong’: Merz slams US decision to ease oil sanctions on Russia

[AP] US economy expanded at sluggish 0.7% in fourth quarter, government says, downgrading first estimate

[Yahoo/Reuters] US consumer spending, core PCE inflation firmer in January

[Yahoo/Bloomberg] BofA’s Hartnett Warns Markets Are Starting to Look Like 2008

[Reuters] Exclusive: New US weapons for Taiwan could be approved after Trump's China trip, sources say

[Bloomberg] Europe’s Whipsawed Bond Market Puts Hedge Funds in Spotlight

[Bloomberg] Treasuries Fear Gauge Surges to Nine-Month High on War Risks

[Bloomberg] Stavridis: Three Targets for US Boots on the Ground in Iran

[Bloomberg] Iran’s New Leadership Is Betting on Endurance

[Bloomberg] Killing of Modi’s Invited Iranian Guests Strains US-India Ties

[Bloomberg] Afghanistan Says Pakistan Strike on Kabul Leaves Four Dead

[Bloomberg] China’s Credit Shows Surprise Growth as Firms Step Up Borrowing

[Bloomberg] China Urges US to Stop Taiwan Arms Sales After New Deal Report

[NYT] Globalization Faces Its Next Crisis

[WSJ] Why Bank Stocks Are Getting Beaten Up Over Private Credit

[WSJ] Eurozone Bond Yields Rise to Multimonth Highs as Brent Surpasses $100 Again

[WSJ] New U.S. Trade Probes Raise Concerns in Asia

[WSJ] The Electric Grid Needs Huge Upgrades. No One Knows Who Will Pay for Them.

[WSJ] How the Iran War Unraveled the Gulf’s Image as a Luxurious Safe Haven

[FT] How Iran’s fightback surprised the US

[FT] Adjusted EBITDA and the masking of leverage

[FT] Tett: Iran, private credit and the echoes of 2008

[FT] Iran is playing a long game

[FT] Gulf states lose $15bn in energy revenues since start of war

Thursday Evening Links

[CNBC] Stock futures tick higher ahead of key inflation data; traders monitor oil prices and Iran war: Live updates

[AP] Live updates: US military says a refueling aircraft went down in Iraq, rescue efforts are underway

[Reuters] US carrying out rescue effort after military aircraft crash in Iraq

[Bloomberg] Trump and Iran Strike Defiant Tone as Oil Markets See Little Relief

[Reuters] Iran's Shi'ite allies step up strikes despite weakened hand

[Reuters] Trump demands Fed cut rates. His Iran war has investors betting otherwise

[CNBC] Markets’ hopes for Fed interest rate cuts are rapidly fading away

[Bloomberg] Investors Hunt for Hedges as War Shatters Decades-Old Strategies

[Bloomberg] Iran’s Missile Launcher Arsenal Holds Steady Despite Strikes

[NYT] 16 and Counting: Oil and Cargo Ships Are Growing Targets in War With Iran

[WSJ] An Exodus of Money Endangers Wall Street’s Private-Credit Craze

[WSJ] War Is Raging. Tankers Are Burning. Yet the Stock Market Isn’t Panicking—for Now.

[FT] US has burned through ‘years’ of munitions since start of Iran war

[FT] Federal Reserve to loosen capital requirements for big US banks

Thursday Afternoon Links

[CNBC] Dow dives 700 points as oil jumps, Iran says it will keep Strait of Hormuz shut: Live updates

[Yahoo/Bloomberg] Oil Climbs as Traders Weigh Outlook for Hormuz Tanker Traffic

[Yahoo/Bloomberg] Gold Slips as War Hikes Oil Prices and Dims Fed Rate-Cut Outlook

[Yahoo/Bloomberg] Iran Leader Says Hormuz to Stay Shut, Trump Shrugs Off Oil

[AP] Live updates: Iran’s supreme leader issues first statement, vowing to avenge those killed in the war

[ABC] Israel prepares to expand activity in Lebanon as conflict with Hezbollah escalates

[AP] Iran-linked hackers take aim at US and other targets, raising risk of cyberattacks during war

[Axios] What it will mean for the economy if the Strait of Hormuz stays closed

[Yahoo Finance] Trump's plan to release 172 million barrels from oil reserves would cut US energy backstop by over 40%

[CNBC] As Iran war heightens affordability issues, don’t expect the Fed to ‘ride in and save the day,’ analyst says

[Reuters] US facing headwinds in trade negotiations with Canada, US ambassador says

[Politico] Time runs out to avert new trade war as US patience with EU wears thin

[Bloomberg] Private Credit’s ‘Back Leverage’ Is Another Pain Point for Funds

[Bloomberg] Putin’s ‘Hidden Hand’ Guides Iran’s Strikes in Widening Conflict

[Bloomberg] US Allies Near China on Edge as Weapons Shift From Asia to Iran

[NYT] Oil Shock Sends Tremors Through World Economy: ‘This Really Is the Big One’

[NYT] War With Iran Puts Further Strain on America’s Pessimistic Farmers

[WSJ] Airfares Have Doubled on Some Flights. The Sticker Shock for Spring Travel Is Upon Us.

[FT] ‘Sitting ducks’: oil tankers trapped in Gulf as Iran widens attacks on shipping

[FT] How the Iran war will change global business