Iran Attacks US Warships, US Sinks First Merchant Ship Since WW2 – Plus, Worst Treasury Yields in 100 Years
Today's Digest covers Iran's first US warship attacks, US attacks merchant vessels and sanctions Turkey, Witkoff meets with Putin, Treasuries performance, Global South AI, married-parent subsidies, Toledo church fire, Alzheimer's, Colorado record drought.
Source: Peak Prosperity
―
DW NOTE
The US just sank a merchant vessel for the first time since 1945 — and did it while Treasury yields hit levels not seen in a century. WTI jumped 9.7% this week to $91.48 as 2,000 ships remain stranded in the Gulf five months after ceasefire, while the 10-year yield sits at 4.77% with Core CPI still running at 2.59%. Financing a shooting war with elevated inflation and a normalising yield curve is not a return to normalcy — it's the cost of pretending both are sustainable.