JUST IN: 🇺🇸🇨🇳 US calls on China to help reopen the Strait of Hormuz and restore energy flows.

BREAKING: 🇦🇪 UAE says a fire has erupted in a petroleum industrial site following a drone attack from Iran.

Brent crude oil prices surge over +6% on the news to $115/barrel.

JUST IN: 🇦🇪🇮🇷 UAE air defenses are currently intercepting incoming Iranian missile and drone attacks.

🇺🇸 Warren Buffett says the current market drop is nothing.

"A much larger decline is ahead."

🇦🇪🇮🇷 Fire breaks out at UAE's Fujairah Oil Industry Zone following Iranian drone attack.

JUST IN: 🇺🇸 Treasury 30-year yield tops 5.01% for first time since July.

🇺🇦🇷🇺 Ukraine launched over 200 strike drones towards Moscow, Russia.

📊 The Samsung founding family paid a record-breaking $8 billion (12 trillion won) inheritance tax bill

The family said that “paying taxes is a natural duty of citizens”

🇮🇷🇺🇸 Iran says President Trump's "Project Freedom" attempt at opening Strait of Hormuz "is a failed project."

JUST IN: 🇷🇺🇺🇦 Russia declares ceasefire with Ukraine between May 8-9.

🇺🇸 Trump calls on South Korea to join the U.S. mission in the Strait of Hormuz.

🚨🚨 Bahrain declares nationwide state of alert.

🇺🇸 US national debt hits record $39.2 trillion.

JUST IN: 🇬🇧 Report finds kids draw "fake moustaches" to bypass social media age restriction in UK.

🇺🇸 President Trump says Fed Chair Powell is a "disaster for America" and that interest rates are "too high."

The 10Y Note Yield is nearing 4.50% with the average rate for a new 30Y mortgage now above 6.5%.

BREAKING:🚨 Michael Burry sells all of his GameStop, $GME, stock, per WSJ.

🇺🇸 Personal Saving Rate falls to 3.6%, the lowest reading since 2022.

🇵🇭 Philippines annual inflation rises to 7.2%, the highest in over three years.

🇺🇸🇮🇷 Trump says Iran killed 42,000 people last month.

🇬🇧 UK 30-year government bond yield surges to 5.79%, highest since May 1998.