Varun

[CPI (M) @cpimspeak]

We salute the great revolutionary Mao Zedong, the main leader and strategist of the Chinese revolution, on his 50th death anniversary.

[tphuang @tphuang]

Global bond market meltdown extend far beyond just UST so a major 2008 type of event seems likely after 2 decades of ultra low interest rates.

Iran conflict may finally force the bust part of economic cycle after govt continued to shower liquidity & blow bubble ever larger.

[Javier Blas @JavierBlas]

Qatar is in discussions to buy LNG from US suppliers under long-term agreements as the Iran war has crippled its ability to supply its own customers.

Qatar used to supply ~20% of the world’s LNG, but its shipments have all but stopped since the Iran war started in late Feb.

[Kyle Chan @kyleichan]

Xi will likely bring a group of Chinese tech & finance CEOs on his US visit.

But apparently this is not about investment but about optics and showing reciprocity with Trump’s visit.

Sounds like Board of Trade / Investment talks are stalled—by Washington.
https://t.co/LKz6JPLL10

[Policy Tensor @policytensor]

Mocha was a key entrepot of the Indian Ocean World. It was the primary gateway for Yemeni and Ethiopian coffee to reach Europe and Asia. Mocha also traded Indian textiles, southeast Asian spices, and aromatics.

An important role was played here by the Gujarati Muslim merchants from Surat. Interestingly, they were not muscled out by the Portuguese. The Ottomans backed by the Venetians managed to keep out the predators.

Even more interestingly, in 1635 the Qasimis kicked out the Ottomans too, holding both powers at bay for two centuries. The Qasimis dynasty were Zaydi Shitte, like the Houthis.

The Houthi conquest of Mocha today thus fulfills a sort of historical promise made in 1635.

[Barchart @Barchart]

JUST IN 🚨: Diesel soars to highest price in history 📈 📈

[Financial Times @FT]

Good morning, Asia. While you were sleeping, one of our most-read stories was about US long-term borrowing costs surging to their highest level since 2007, as a global bond sell-off reignited after oil prices hit $109 a barrel. https://t.co/otYh4e2u1e

[MenchOsint @MenchOsint]

Yemen's Ansarallah announce to have fired surface-to-air missiles at Saudi Air Force Fighter Jets over Taiz, forcing them to withdraw.

The statement adds that in the past 24 hours, Saudi air force conducted 64 airstrikes distributed across the provinces of Taiz, Hodeidah, Marib, and Al-Jawf, using F15 and Typhoon from bases in Taif & Khamis M.

In other words: Saudi Arabia will be targeted tonight.

[Reuters @Reuters]

Pakistan says no military response discussed under Mecca pact over Houthi attacks on Saudi Arabia https://t.co/gQsIZA38Xv https://t.co/gQsIZA38Xv

[Reuters @Reuters]

Hong Kong court convicts Wall Street Journal publisher for seeking to block reporter from union role https://t.co/yeV1E46pRC https://t.co/yeV1E46pRC

[Varun @MeriJindri]

To understand "new leaders groomed by US" understand new emergent middle classes. Petro said after losing in Colombia, that the success of his gov't lead to a new middle class that voted for the right. Same happened with DMK to Vijay in TN. Aspirationally liberal classes.

[Max Blumenthal @MaxBlumenthal]

Once again, the 'Gen Z' activists and influencers trained by the National Endowment for Democracy turn out to be much better at staging coups than actual governance

[Nick Cruse 🥋 @SocialistMMA]

Charlie Kirk spent his entire life fear mongering about Muslims and Black people only to get smoked by the Jews he happily served

[Patrick De Haan @GasBuddyGuy]

as an analyst this gave me the chills posting, and i'm trying to sort out why, so many vibes

[Rory Johnston @Rory_Johnston]

Crude flying this morning—Brent now above $104/bbl.

Wheels coming off.

[Dominic Lee 李梓敬 @dominictsz]

Drones are now carrying watermelons across China's mountains!

No more hauling heavy loads up steep hills by hand!

[Bloomberg @business]

India has so far received 648 millimeters of rainfall during the monsoon season, which runs from June through September, compared with an average of 760.6 millimeters, according to data published by the India Meteorological Department https://t.co/endwPB4gth

[Financial Times @FT]

Saudi Arabia cuts oil output to lowest this year on Houthi threats https://t.co/188NngFrkF

[Reuters @Reuters]

Thai protesters rallied in front of the Israeli Embassy in Bangkok against inappropriate land acquisition strategies. The protesters, led by media mogul Sondhi Limthongkul, accused Israeli nationals of circumventing restrictions in order to purchase large amounts of land