Top Overnight News

Iran has granted permission for a number of Iraqi oil tankers to pass through the ‌Strait of Hormuz following repeated requests from Baghdad through various channels, Iran’s state news agency IRNA reported on Saturday. IRNA said obtaining special permission for Iraqi tankers was one of Baghdad’s main requests during Iranian ⁠parliament speaker Mohammad Baqer Qalibaf’s visit to Iraq. RTRS

Saudi Arabia has held talks with London brokers about a state-backed scheme for war and political risk insurance that could provide cover for ships in the region, according to people familiar with discussions, as conflict threatens the kingdom’s trade. FT

Scott Bessent’s set to announce details of the US effort to economically isolate Iran later today. Tehran threatened to halt all crude exports through the Strait of Hormuz and Persian Gulf if the US campaign continues. BBG

Trade talks between the U.S. and Canada broke down on Friday, officials from both countries said, paving the way for the U.S. to impose 50% tariffs on about $20 billion worth of Canadian goods early on Saturday and risking escalation into an all-out trade war. WSJ

US President Trump said in a pre-taped interview on 77 WABC that communities not taking data centres are making mistakes and that data centres provide tremendous amount of jobs and money. said:. Chinese President Xi comes to the White House, we'll be using the East Room.

Softbank plans to issue a record volume of retail bonds to partly fund its expanding artificial intelligence investments, as the company deepens its multibillion-dollar commitments to OpenAI and related infrastructure projects. WSJ

Some of Nvidia’s biggest clients have been told AI server prices will rise more than 15%, people familiar said. The hikes will go into effect on systems shipped early next year. BBG

Perplexity is in talks to raise money at a ~$30B valuation (up ~50% from its last finding round a year ago), and Nvidia could participate. The Information

China’s $387 billion quant hedge-fund sector is rebounding from its steep July rout, with the most popular strategies outperforming benchmarks. BBG

Demand for debasement hedges is increasingly finding its way into Bitcoin, with US ETFs for the digital currency recording $1.9 billion of net inflows last week, the strongest haul since October 2025: BBG

Top Overnight News

Iran has granted permission for a number of Iraqi oil tankers to pass through the ‌Strait of Hormuz following repeated requests from Baghdad through various channels, Iran’s state news agency IRNA reported on Saturday. IRNA said obtaining special permission for Iraqi tankers was one of Baghdad’s main requests during Iranian ⁠parliament speaker Mohammad Baqer Qalibaf’s visit to Iraq. RTRS

Saudi Arabia has held talks with London brokers about a state-backed scheme for war and political risk insurance that could provide cover for ships in the region, according to people familiar with discussions, as conflict threatens the kingdom’s trade. FT

Scott Bessent’s set to announce details of the US effort to economically isolate Iran later today. Tehran threatened to halt all crude exports through the Strait of Hormuz and Persian Gulf if the US campaign continues. BBG

Trade talks between the U.S. and Canada broke down on Friday, officials from both countries said, paving the way for the U.S. to impose 50% tariffs on about $20 billion worth of Canadian goods early on Saturday and risking escalation into an all-out trade war. WSJ

US President Trump said in a pre-taped interview on 77 WABC that communities not taking data centres are making mistakes and that data centres provide tremendous amount of jobs and money. said:. Chinese President Xi comes to the White House, we'll be using the East Room.

Softbank plans to issue a record volume of retail bonds to partly fund its expanding artificial intelligence investments, as the company deepens its multibillion-dollar commitments to OpenAI and related infrastructure projects. WSJ

Some of Nvidia’s biggest clients have been told AI server prices will rise more than 15%, people familiar said. The hikes will go into effect on systems shipped early next year. BBG

Perplexity is in talks to raise money at a ~$30B valuation (up ~50% from its last finding round a year ago), and Nvidia could participate. The Information

China’s $387 billion quant hedge-fund sector is rebounding from its steep July rout, with the most popular strategies outperforming benchmarks. BBG

Demand for debasement hedges is increasingly finding its way into Bitcoin, with US ETFs for the digital currency recording $1.9 billion of net inflows last week, the strongest haul since October 2025: BBG

Source:https://twitter.com/zerohedge/status/2091858999020847292