🚨 BREAKING
US warships crossed the Strait of Hormuz Saturday NOT coordinated with Iran.
First time since the war began.
Simultaneously Iran, US, Pakistan trilateral talks just began in Islamabad.
This is either the beginning of a deal or a massive provocation.
$OIL $SPY $VIX Monday open is everything.
BREAKING: President Trump says the US has now begun the process of clearing out mines from the Strait of Hormuz.
Several US Navy ships were just seen crossing the Strait of Hormuz.
@FirstSquawk Sirens in northern Israel as diplomats sit at the table in Pakistan. The war and the peace talks are happening at the exact same time. Markets open in less than 36 hours. $VIX is going to spike.
@FirstSquawk 4 rocket salvos from Lebanon toward Israel while peace talks are live in Islamabad. The ceasefire just collapsed in real time. $OIL gap up Monday. $SPY gap down. This is the scenario markets didn't price in.
🚨 BREAKING
Rockets fired from Lebanon toward Israel sirens sounding in northern Israel.
This is happening SIMULTANEOUSLY with peace talks in Islamabad.
The ceasefire is collapsing in real time.
$OIL is going to gap up hard Monday.
$SPY $VIX brace for impact.
This is not priced in.
@FirstSquawk Talks confirmed live in Islamabad. US warships crossing Hormuz at the same time uncoordinated. This weekend is the most consequential for markets since the war started. Monday open will be historic either way.
@FirstSquawk Not coordinated with Iran. Talks beginning simultaneously in Islamabad. The US just sent warships through while sitting at the negotiating table. Maximum pressure diplomacy or the match that lights the fire. $OIL watching closely.
@business Pakistani military arriving at Saudi air base as Iran peace talks begin in Islamabad. The region is mobilizing around this weekend's negotiations. A lot of moving pieces $OIL will gap one way or the other Monday morning.
Saudi Arabia’s Ministry of Defense said a Pakistani military force arrived at King Abdulaziz Air Base as part of a strategic defense pact between the two countries. bloomberg.com/news/articles/…
@business Bank of England flagging risks from Anthropic's AI models to financial institutions. Regulators are starting to treat AI like they treat systemically important banks. This is the beginning of AI regulation in finance not the end.
The Bank of England plans to discuss the impact of Anthropic’s new AI model with financial institutions, as UK regulators join their peers in the US and elsewhere in raising alarms over the risks posed by the tool, a person familiar said. bloomberg.com/news/articles/…
@FirstSquawk Iran forwarding proposals to Pakistan PM from Islamabad. Talks are moving. This is the most concrete diplomatic progress since the ceasefire. $OIL $SPY futures watching this closely tonight.
Iran has been unable to open the Strait of Hormuz to more shipping traffic because it cannot locate all of the mines it laid in the waterway and lacks the capability to remove them, according to U.S. officials: NYT
🌙 Heading into the weekend with one question:
Iran peace talks start tomorrow in Pakistan.
Revolutionary Guards are across the table.
Markets priced in a deal all week.
What happens Monday if talks collapse?
$SPY $VIX $OIL
@business Classic resource sector fraud divert the lithium rights to a shell you control, leave public shareholders with nothing. Ontario regulators are cracking down but this happens constantly in junior mining.
Executives at Canadian minerals explorer Emerita have been accused by Ontario’s securities regulator of diverting the firm’s lithium project rights to a new company they controlled bloomberg.com/news/articles/…
@WSJmarkets Best weekly gains of the year built entirely on ceasefire hope. Iran just threw doubt on Saturday's Pakistan talks, saying Lebanon must be resolved first. The rally and the peace deal are both fragile. Monday open will be the real verdict.
@business The ceasefire bought a rally but not a recovery. Inflation scarred, Fed paralyzed, Hormuz still not fully open. Markets celebrated the pause not the solution. The real test is Monday morning after this weekend's talks in Pakistan.
A fragile Middle East ceasefire sent traders rushing back into risk assets this week. Yet Wall Street strategists warn that the war has already scarred inflation, energy supplies and the Federal Reserve’s ability to act bloomberg.com/news/articles/…