Thursday's News Links

[CNBC] Stock sell-off picks up steam as oil surges: Live updates

[CNBC] Oil prices soar 10% as Trump’s Iran war speech stokes fears of further escalation

[Reuters] Stocks sink, oil surges as Trump vows to keep hitting Iran

[Yahoo/Bloomberg] Bitcoin Tumbles With Stocks as Trump Signals Harder Iran Strikes

[Axios] Trump: U.S. will bomb Iran "back to stone ages" over next 2-3 weeks

[AP] Live updates: Trump says Iran will be hit hard for next 2 or 3 weeks

[AP] Takeaways from Trump’s address: No end date for Iran war and few details on strategy ahead

[AP] Iran fires on Israel and Gulf neighbors as Trump claims threat from Tehran nearly eliminated

[AP] Live updates: Trump says US military objectives in Iran ‘nearing completion’

[CNBC] Blue Owl caps private credit funds redemptions at 5% after steep request levels

[Yahoo/Reuters] US weekly jobless claims fall as layoffs remain low

[Yahoo/Bloomberg] AI and War Spook Buyers for Private-Equity Firms Itching to Sell

[Axios] Behind the Curtain: Jamie Dimon's warning

[Axios] Office vacancies hit record high

[Yahoo/Bloomberg] S&P 500’s War Pattern: The Wipeout Begins Every Thursday

[Yahoo/Bloomberg] Australian State Triggers Emergency Powers Amid Fuel Crisis

[Politico] Trump’s rage at NATO allies is binding them together — against him 

[Yahoo/Bloomberg] Trump Budget to Frame Midterms With Defense Boost, Domestic Cuts

[Yahoo/Bloomberg] Iranians Reel From US-Israeli Attacks on Civilian Infrastructure

[Bloomberg] Trump Stirs Market, Political Angst With Vague Timeline for Iran

[Bloomberg] Hedge Funds Walloped by a Month of Turmoil Sparked by Iran War

[Bloomberg] Treasuries Fall as Trump’s Iran Threats Add to Inflation Concern

[Bloomberg] Trump’s Renewed Iran Warning Risks More Volatility, Analysts Say

[Bloomberg] How Swap Markets Are Struggling to Gauge Rates as Iran War Fuels Volatility

[Bloomberg] Japan 10-Year Sovereign Bond Sale Sees Weakest Demand Since May

[Bloomberg] Dealmaking Competition Erodes Junk Loans’ Last Line of Defense

[Bloomberg] RBI Clampdown on Rupee Speculation Triggers Market Dislocation

[WSJ] Trump Tries to Sell Americans on War in Iran

[WSJ] Blue Owl’s $36 Billion Private-Credit Fund Hit by 22% Withdrawal Request

[WSJ] Trade Deficit Grew in February as Policy Continued to Swing

[WSJ] Maine Is About to Become the First State to Ban New Data Centers

[WSJ] China Is Building Another Massive Base in the South China Sea

[FT] Donald Trump threatens to hit Iran ‘extremely hard’ in coming weeks

[FT] Blue Owl struck by $5.4bn of redemption requests

[FT] World’s top energy traders wrongfooted in early days of Iran war

[FT] The global wave of energy rationing

Wednesday Evening Links

[CNBC] Stock futures are little changed after market starts new quarter off on strong footing: Live updates

[AP] What to watch as Trump addresses the nation about the Iran war

[AP] US-Europe rift widens as Trump lashes out at NATO allies over Mideast war

[Axios] The American consumer stands firm

[Reuters] US Treasury to meet with insurance regulators to discuss private credit markets

[Bloomberg] Can Trump Really Pull the US Out of NATO?

[Bloomberg] Microsoft CFO’s AI Spending Runs Up Against Tech Bubble Fears

[Bloomberg] KKR Curbs Redemptions in Non-Traded Private Credit Retail Fund

[Bloomberg] Mattress Seller Sleep Number Seeks Rescue Loan After Stock Slump

[Bloomberg] A 12,000-Mile Journey Shows the World’s Scramble for Diesel

[Bloomberg] Plastic Bottle Makers Get Pinched by War-Driven Forces Majeures

[Bloomberg] Bitcoin Buying Fails to Offset a Wave of Selling by Big Holders

[Bloomberg] California Drought, Wildfire Risks Grow as Snow Falls Short

[NYT] Iran Is Skeptical About Diplomacy for Now, U.S. Intelligence Says

[WSJ] Bomb Iran but Blow Up NATO?

[FT] Saudi Arabia bridles at Donald Trump’s way of waging war

[FT] Trump threatened to stop weapons for Ukraine unless Europe joined Hormuz coalition

[FT] SpaceX filing kicks off largest IPO process in history

Wednesday Afternoon Links

[AP] Stocks rally worldwide as oil prices ease on hopes for a possible end to the Iran war

[Yahoo/Bloomberg] Oil Falls in Choppy Trade Ahead of Trump Speech on Iran War

[AP] Live updates: Trump claims Iran wants a ceasefire, Iran calls remarks ‘false and baseless’

[Axios] U.S. and Iran discussing ceasefire for reopening strait, officials say

[Reuters] US to leave Iran 'pretty quickly' and return if needed, Trump tells Reuters

[AP] US and Iraqi officials say kidnapped journalist had been warned of threats

[Yahoo/Reuters] Amazon's cloud business in Bahrain damaged in Iran strike, FT reports

[Bloomberg] US Manufacturing Expands Most Since 2022, Input Costs Jump

[Bloomberg] OpenAI Is Falling Out of Favor With Secondary Buyers

[WSJ] Trump Raises NATO Withdrawal as Allies Push Back on Iran War

[WSJ] ISM Manufacturing Survey Shows Rising Price Pressures

[WSJ] There’s Extreme Volatility in the Mortgage Market. See How It’s Playing Out.

[FT] Shutting Hormuz is a template for China in Taiwan