Warsh Inherits a Forty Percent December Hike Bet on Day One
The market spent Friday pricing Kevin Warsh's first FOMC as a Trump-Warsh collision rather than a ceremonial debut, with hike odds nearly tripling in a week.
Economy
Oil Posted Its Biggest Weekly Gain of the Iran War
Brent at $109, WTI at $105, and a 7.84 percent week — the market priced a Hormuz with no enforcement instrument and an IEA October calendar nobody trusts.
Modi's Five-Nation Tour Is India's Hormuz Premium Translated Into Diplomacy
Modi opened in the UAE seeking long-term crude as the rupee hit a record low and gold-silver duty jumped from six to fifteen percent.
The Gas-Tax Pause Is Still Washington's Quietest Hormuz Admission
Brent closed the week up 7.84 percent and the proposed federal gas-tax holiday is still the closest thing to an official acknowledgement that the price is a war price.
The Saturday Energy Read Is the Week the IEA October Deadline Got Louder
Brent posted its biggest weekly gain of the Iran war while Hormuz traffic ran at a fraction of its pre-war level.