no way to run the world's largest economy
10.03.2026 17:45
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no way to run the world's largest economy
U.S. ENERGY SECRETARY CHRIS WRIGHT REMOVES POST ABOUT NAVY ESCORTING OIL TANKER THROUGH THE STRAIT OF HORMUZ
#FFS
10 Mar 2026 17:21:34 - U.S. ENERGY SECRETARY CHRIS WRIGHT: U.S. NAVY SUCCESSFULLY ESCORTED AN OIL TANKER THROUGH THE STRAIT OF HORMUZ TO ENSURE OIL REMAINS FLOWING TO GLOBAL MARKETS
Update: not so closed after all
U.S. ENERGY SECRETARY CHRIS WRIGHT: U.S. NAVY SUCCESSFULLY ESCORTED AN OIL TANKER THROUGH THE STRAIT OF HORMUZ TO ENSURE OIL REMAINS FLOWING TO GLOBAL MARKETS
And this I guess
Kind of obvious, but oil traders believe the SoH will reopen soon. And the Trump administration may do some other things to ease pressure on the market - lifting Russian sanctions, etc.
Line chart of Brent crude oil price
Thursday: "I can't believe the Strait of Hormuz is closed and oil is less than $90 a barrel."
Tuesday: "I can't believe the Strait of Hormuz is still closed and oil is back below $90 a barrel."
Tweet by Kwasi Kwarteng. We are delighted to welcome @Nigel_Farage and @blockchain as strategic investors in Stack. Nigel's long-standing support for British business and his belief that Bitcoin will play an expanding role in global finance align closely with our vision.
I had to double check this was real. The former UK Chancellor of the Exchequer plugging his crypto vehicle. So very credAble.
Screengrab of podcast
🔊New episode of THE BIG VIEW🎧: It's nearly a year since Donald Trump's "Liberation Day" tariff war. What have we learned about trade? I talked to Simon Evenett, Professor at IMD Business School, about the surprises of the past year and the shocks still to come. podcasts.apple.com/gb/podcast/d...
🎧 The year since Donald Trump’s “Liberation Day” tariff war has produced many surprises.
In this episode of The Big View, @petertl.bsky.social and IMD’s Simon Evenett discuss why dire forecasts fizzled, how China levies fell to 26% — and why a larger jolt looms.
Full episode 👉 reut.rs/4uq517C
“U.S. officials say a large share of Iran’s arsenal has already been destroyed, but regional sources say Tehran may still retain more than half its pre-war stockpile. If that estimate holds, Iran could keep launching missiles for several more weeks.” www.reuters.com/world/middle...
Crude BART example
One-day chart of the price of a barrel of Brent crude
Thank you for playing the oil market
This is weird. The company owns £1m of bitcoin but Farage is buying in at a roughly £3m valuation. Also, the whole bitcoin treasury trade has stopped working in the US....
Why is Dubai discourse so rich? Class identities all mangled and so everyone thinks they are punching up and letting rip. Full column 🫵 www.economist.com/britain/2026...
The Week in Breakingviews Insights from Reuters global financial commentary team Image Image Image Image By Peter Thal Larsen, Global Editor Welcome back! A week ago I woke up to find out that the United States and Israel were attacking Iran. It’s the second time this year that President Donald Trump has targeted another country’s leader – on a Saturday. If this newsletter was forwarded to you, sign up here to get it in your inbox every weekend. Note: Links in this newsletter require a Breakingviews subscription. To sign up for a free trial, click here.
The latest edition of the Week in Breakingviews just landed in subscribers‘ inboxes, packed with insights on what’s next for Iran, the run on private credit vehicles, Lloyd Blankfein’s memoir, and the governance mess in Italian banking.
Sign up here: www.reuters.com/newsletters/...
Axel Springer CEO Mathias Döpfner says: “Axel Springer was founded in 1946 under a British press licence. He built his company inspired by the tradition of Fleet Street. The Telegraph was his North Star.
If you're spending £575 million on a newspaper maybe ask a subeditor to have a quick look at your quote before you publish it in a press release?
For decades, Goldman Sachs hid its inner workings behind a thick veil of discretion. A former CEO telling all in a memoir was unimaginable. Lloyd Blankfein's "Streetwise" lifts the lid on his Wall Street career - and reminds us that Goldman is now a bit more ordinary.
www.reuters.com/commentary/b...
For decades, Goldman Sachs hid its inner workings behind a thick veil of discretion. A former CEO telling all in a memoir was unimaginable. Lloyd Blankfein's "Streetwise" lifts the lid on his Wall Street career - and reminds us that Goldman is now a bit more ordinary.
www.reuters.com/commentary/b...
Oh definitely. The same hedgies buy remote plots in New Zealand as apocalypse insurance. But surely the point of being rich is that when the shit hits the fan you don’t have to fly into a war zone to optimise your tax bill?
Wealthy Dubai residents race back to UAE to avoid tax bills Some risk spending too few days in the emirate and too many in the UK
Questioning the premise that anyone who feels the need to do this can truly be considered “wealthy”.
www.ft.com/content/80bf...
Exclusive: US military investigators believe it is likely that US forces were responsible for an apparent strike on an Iranian girls' school that killed scores of children on February 28 but have not yet reached a final conclusion or completed their investigation reut.rs/40b19JN
President Donald Trump’s team has said repeatedly that they want the world to use American AI, and the draft rules aren’t meant to function as an Nvidia export ban. Rather, the regulation would set up the US government as gatekeeper for the AI industry: Companies — and in some cases, their governments — would have to seek the blessing of the US Commerce Department to buy the precious accelerators. How Trump’s team decides to dole out those licenses would then determine whether countries are able to build critical digital infrastructure, technology that many world leaders see as key to economic growth, corporate competitiveness and military sovereignty.
Welcome to the high-tech extractive state.
www.bloomberg.com/news/article...
New worst episode of The Apprentice just dropped
The war of theocracies
lots still unclear
Either way, this is not going to help get ships moving through the Strait of Hormuz
Trying to think of the last time a submarine sank a ship. Maybe 1982 during the Falklands conflict. www.reuters.com/world/asia-p...
From Breakingviews - Breakingviews - Private credit pioneers see downside of redemption reut.rs/4b1t43L
🎧 It’s easy to be glum about Africa as it grapples with US tariffs, cuts to aid, and climate change.
Yet Joe Studwell, author of ‘How Africa Works’, says the conditions for development are in place.
He tells @petertl.bsky.social on The Big View why he’s optimistic.
Full episode 👉 reut.rs/4l2ODW5
