Today's sentiment is risk-off with contrarian undertone

Strait of Hormuz evacuation plan to begin for ships stranded in Persian Gulf, maritime organization says. More than 11,000 seafarers stuck in the Persian Gulf will begin to exit through the Hormuz Strait in a large-scale evacuation plan backed by Iran and the U.S.

We Can't Use The Strategic Petroleum Reserve For Political Purposes Says Mike Sommers. Mike Sommers, president of the American Petroleum Institute, joined Balance of Power to discuss the American Energy Security Framework. Sommers said the nation's Strategic Petroleum Reserve is "in desperate need of upgrading." (Source: Bloomberg)

Trump Says Iran’s Unfrozen Funds to Remain Under US Control. President Donald Trump said Iran will only be able to use funds released from frozen accounts to purchase food and medical supplies from the US, seeking to ease concerns about peace negotiations that both sides say are making progress. Brett Bruen, President of the Global Situation Room and former W

Trump administration to loan $17 billion to speed deployment of 10 big nuclear reactors in U.S.. The loans will support the construction of five projects that each host two big nuclear reactors.

Maritime Watchdog to Start Evacuating Stranded Seafarers From Middle East. The International Maritime Organization said it will begin to implement an evacuation plan for more than 11,000 seafarers still stranded in the Middle East after the US and Iran agreed to an interim peace deal.

Israel Weighs US IPO for Multi-Billion-Dollar Defense Companies. Israel is considering listing state-owned defense giants Israel Aerospace Industries Ltd. and Rafael Advanced Defense Systems Ltd. in the US to potentially avoid stricter disclosure obligations in the local market. Playbook signals: ipo_post_listing_dip.