Bloomberg
Iran War Has Irrevocably Changed the Middle Eastern Oil Trade
The conflict with Iran has fundamentally reshaped how crude oil flows out of the Persian Gulf, forcing buyers to rethink long-standing assumptions about supply reliability. Importers who once treated regional disruptions as manageable risks now face pressure to build strategic reserves and diversify sourcing. The calculus of Middle Eastern energy trade has shifted, and the industry's exposure to geopolitical shock is no longer theoretical.
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Bloomberg
SpaceX Shares Surge, US & Iran Prepare for Deal Signing | The Opening Trade 6/16/2026
The US and Iran are set to formally sign their interim peace deal in Switzerland on Friday, though uncertainty lingers over the timeline for reopening the Strait of Hormuz, leaving oil traders and shippers in a holding pattern. SpaceX shares extended their post-IPO momentum in premarket trading, building on a strong debut week that has captivated investors. Both stories are driving significant market movement as European trading gets underway.
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Fortune
Tariffs are only generating 25% of the revenue needed to pay interest on national debt—despite pitch that it would be a silver bullet
Tariffs are falling dramatically short of covering the federal government's borrowing costs, generating only a fraction of the $742 billion spent on debt interest between October and May 2026. That figure already represents a significant jump from $674 billion during the same period the prior year. The gap undercuts claims that tariff revenue could meaningfully offset the nation's fiscal obligations.
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