Energy

CENTCOM Destroys 3 IRGC Oil Tankers After Iran Targets 2 U.S. Navy Warships - centcom.mil

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DW NOTE

CENTCOM announces strikes that end in "after Iran targets" — past tense, completed action. If this were a successful Iranian attack on U.S. warships, it would lead every outlet on earth. It didn't succeed, or the framing would be different. What matters: the Strait has been closed for 189 days, oil is at $91 despite that closure, and the market has priced in a regional war that keeps failing to escalate beyond tit-for-tat tanker strikes.

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Live updates: Yen rally and rising bond yields pressure bitcoin and risk assets

The world’s approach to sovereign debt needs to change - Financial Times

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