May 28
Reports that Iran and the US agreed to a truce in their conflict. The reports pointed to a 60-day memorandum that would extend the current ceasefire and pave the way to restore exports of crude oil and refined products through the Strait of Hormuz within a month of the agreement.
S&P Oil FX Gold 10Y TW$ CLZ6
Oil is $88.90, up $0.24 | 13:55
Gasoline futures at $3.15, their lowest in over one month
AAA gasoline continues to fall: $4.426 vs $4.564 a week ago
The energy spike did not bleed into core inflation
Core PCE YoY 3.3% vs 3.3% estimate. MoM 0.2% vs 0.3% estimate
Durable goods orders +7.9% vs +3.5% expected
Initial jobless claims 215K
US economy expanded at 1.6% in Q1 2026, below 2% in the advance estimate.
US Launches Another Round of Airstrikes on Iran | Anti-War
John: Iran’s single missile retaliation today was a warning shot across the bow of the US (the target was Ali Al Salem Airbase in Kuwait). If the US persists in attacking Iranian targets around Bandar Abbas in the coming days then I believe the next launch by Iran will be intended to do serious damage to US air assets. At that point, kiss the ceasefire good-bye.
Trump Threatens To 'Blow Up' Oman if it Doesn't 'Behave' | Anti-War
Trump Says He Will Not Ease Sanctions on Iran as Part of a Deal
The war fundamentals remain the same. | Wauck
Trump has no credible military options—the military people are telling him that Iran has scary new capabilities, in addition to the scary capabilities they exhibited before the ceasefire. Trump would love to make a deal, any deal, as long as he could sell it as better than Obama’s JCPOA. But Iran won’t give him that.
Russian Officials Walk-Back Threats of 'Systematic' Devastation of Kiev 'Decision-Making Centers'? | Simpl
Debt Rattle
* SpaceX-Tesla Merger Speculation Grows
* Trump Red Line: No Sanctions Relief Unless Iran Gives Up Uranium
* Russian Court Orders Euroclear To Pay €200 Billion
* Putin will have to flatten Kiev after all.
* Two Countries in the World Retaliated Against Us, China and Canada ( Trade)
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at 1:00 AM