Thursday's News Links

[CNBC] Dow drops, Brent oil jumps as market rout continues: Live updates

[Yahoo/Bloomberg] Oil and Gas Prices Jump as Strikes on Gulf Facilities Escalate

[CNBC] Treasury yields jump as fear of rising inflation weighs on sentiment

[Yahoo/Bloomberg] Gold and Silver Plunge as Iran War Damps Rate-Cut Hopes

[Reuters] Exclusive: Iran attack wipes out 17% of Qatar’s LNG capacity for up to five years, QatarEnergy CEO says

[Axios] Hegseth on seeking $200 billion for Iran war: "That number could move"

[CNBC] Hegseth says potential $200 billion Iran war spending request could shift: ‘Takes money to kill bad guys’

[AP] Live updates: Iran targets Gulf refineries following Israeli attack on world’s largest natural gas field

[AP] Iran intensifies attacks on oil and gas facilities in the Gulf after Israeli strike on key gas field

[Yahoo/Bloomberg] Iran Attacks Energy Sites, Defying Trump Calls for Restraint

[Reuters] Despite Trump comments, Israeli officials say US knew of Iran gas field strike

[Reuters] Exclusive: US weighs military reinforcements as Iran war enters possible new phase

[Yahoo/Bloomberg] Gas Traders Assess Damage at World’s Top LNG Plant in Qatar

[Yahoo/Bloomberg] Iran, Israel Trade Strikes on Energy Facilities in Worsening War

[Axios] After Tehran strikes, Trump says Israel won't attack Iran gas fields anymore

[Reuters] Trump vows no more attacks by Israel on Iran gas field after it 'violently lashed out'

[Reuters] Europe tells Trump Iran is 'not our war'

[AP] US applications for jobless benefits fall to 205,000 last week as layoffs remain historically low.

[Axios] Private credit's wake up call

[Yahoo/Bloomberg] JPMorgan Strategists Say Investors Are Complacent on Iran War

[Bloomberg] How Iran Has Effectively Closed the Strait of Hormuz

[Bloomberg] Private Credit’s Biggest Players Go From Good to Bad to Worse

[Bloomberg] Bond Traders No Longer Price In Any Chance of Fed Cut in 2026

[Bloomberg] Powell Staying at Fed Goes Against Historic Norms, Bessent Says

[Bloomberg] ECB Holds Rates Steady as Officials Warn of Iran War’s Costs

[Bloomberg] How Iran War Is Disrupting the Food Supply Chain

[Bloomberg] FBI Probes Former Counterterror Chief Joe Kent in Leak Inquiry

[Bloomberg] Norway’s $2 Trillion Wealth Fund Is Sounding a Warning on Iran

[Bloomberg] Kremlin Loyalist Turns on Putin as Russians Start to Tire of War

[NYT] Gas Prices in Japan Hit Record High, Testing Leader’s Cost-of-Living Pledge

[WSJ] Escalating Attacks on Gulf Energy Assets Plunge Iran War Into New Phase

[WSJ] Trump Wants Powell Out. Powell Is Digging In.

[WSJ] Millions of Americans Are Going Uninsured Following Expiration of ACA Subsidies

[WSJ] China Hoped Trump Summit Would Cement Its Superpower Status. Now Xi Has to Wait.

[FT] Armageddon scenario’ for gas markets as Qatar hit by missiles

[FT] Stocks and bonds hammered as investors price in ‘protracted energy shock’

[FT] Bank of Japan postpones rate rise after Middle East war erupts

[FT] BofA apologises for bet against European private credit

Wednesday Evening Links

[CNBC] Stock futures tick down after Dow falls to fresh 2026 low: Live updates 

[Reuters] Oil extends gains to rise 5.6% after Iran attacks Gulf energy facilities

[Reuters] Wall Street ends sharply lower after Fed keeps rates unchanged

[Yahoo/Bloomberg] Gold Tumbles as Powell’s Inflation Concerns Dash Easing Bets

[Reuters] Pentagon seeks more than $200 billion in budget request for Iran war, Washington Post reports

[AP] Live updates: US knew of Israeli strike on Iranian gas field but didn’t take part, AP source says

[CNBC] Iran missile attack on Qatar causes ‘extensive damage’ to facility housing huge gas plant

[Yahoo Finance] Gasoline prices hit highest level since March 2022 as oil tops $100

[AP] Fed projects one rate cut this year as Powell vows to stay on until DOJ investigation is finished

[Reuters] Powell says he will remain Fed chief until successor confirmed

[AP] US national debt surges past $39 trillion just weeks into war in Iran

[Bloomberg] Cliffwater Private Credit Fund’s Outlook Cut to Negative by S&P

[Bloomberg] Fannie and Freddie Shares Tank as Doubt Swirls About Trump Plans

[Bloomberg] Propane Is Spiking, Piling Another Pain Point Onto US Consumers

[NYT] For U.S., Unmet Expectations in Iran Fit a Familiar Pattern in the Region

[WSJ] Fed Holds Rates Steady as Iran War Clouds Outlook

[WSJ] How China Is Quietly Helping an Isolated Iran Survive

[FT] Federal Reserve chief Jay Powell says Iran oil crisis will worsen US inflation

[FT] Two shipments of Russian oil and gas head to Cuba in defiance of US

Wednesday Afternoon Links

[CNBC] Dow falls 400 points on hot inflation reading as Fed keeps rates unchanged: Live updates

[AP] Both sides in Iran war ratchet up attacks on energy facilities, as oil prices surge

[CNBC] Fed votes to hold rates steady, notes ‘uncertain’ impacts from Iran war

[CNBC] Here’s what changed in the new Fed statement

[AP] Reported attack hits South Pars natural gas field, an energy lifeline for Iran

[Yahoo Finance] Fed meeting live updates: Federal Reserve expected to hold rates steady, share outlook amid Iran oil shock

[AP] US drivers see gas prices jump to their highest level since 2023 as the Iran war drags on

[AP] Trump’s failed strong-arming of allies on Iran shows that pressure is losing its effect

[Reuters] Analysis-Iran war energy shock sparks global push to reduce fossil fuel dependence

[Bloomberg] Merz Rallies for More Assertive Europe in Geopolitical Turmoil

[Bloomberg] European Consumers Seek Out Solar, EVs as Energy Prices Surge

[WSJ] Private Credit’s Investor Exodus Spreads to Consumer Loans

[FT] Iran inflicts ‘extensive damage’ on site of world’s largest LNG plant in Qatar

[FT] America’s war on Iran is a gift to Vladimir Putin

[FT] BofA pitches bets against European private credit