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U.S. media reports that Iran has begun laying mines in the Strait of Hormuz, Trump warns: 'unprecedented' strike if not removed
The world's most critical energy strait is turning into a perilous 'valley of death.' Sources have revealed that Iran's Islamic Revolutionary Guard Corps has begun deploying naval mines in the waterway. Trump issued a stern warning, demanding that Iran 'immediately clear' the mines or face an 'unprecedented' military strike by the United States.
Apply the brakes? US government reportedly asks Israel to halt attacks on Iran's energy facilities.
① According to three informed sources, the Trump administration has requested Israel to halt further airstrikes on Iran's energy facilities, particularly its oil infrastructure; ② This marks the first time the Trump administration has imposed constraints on Israel's military actions since the joint U.S.-Israel military operation against Iran ten days ago.
The U.S. Energy Information Administration has raised its forecast for U.S. oil production next year, expecting global oil output to continue exceeding demand following the resumption of navigation through the Strait of Hormuz.
Due to supply disruptions in major Middle Eastern countries, recent oil prices have surged. The U.S. Energy Information Administration (EIA) has raised its forecast for domestic oil production in the United States for next year, expecting an increase of 220,000 barrels to reach 13.83 million barrels per day. The EIA has once again revised upward its oil price forecast for this year. Additionally, the EIA has adjusted its retail gasoline price forecast for 2026 to an average of $3.34 per gallon, which is 43 cents higher than the previous prediction. The EIA anticipates that once the Strait of Hormuz resumes operations, global oil production will continue to exceed consumption demand.
Private credit remains under pressure, with redemption requests for a $33 billion fund potentially exceeding 7%.
The Cliffwater Corporate Lending Fund, which manages approximately USD 33 billion in assets, is a fund with periodic redemption terms. If redemption requests reach 5%, it must return 5% of the fund's value to investors on a quarterly basis. If redemption requests exceed 5%, Cliffwater has the authority to redeem up to 7% of the fund’s shares. According to media reports, the firm's flagship private credit fund may face redemption requests exceeding 7%.
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