Wall Street’s Safety Net Is Giving Way as Iran War Hits Markets
The Iran war rattled but didn’t break Wall Street this week. Instead it exposed the limits of
The Iran war rattled but didn’t break Wall Street this week. Instead it exposed the limits of
US oil posted the biggest weekly gain on record as the war in Iran upends critical energy market flows, with shipping through the Strait of Hormuz at a near-total halt.
The Trump administration announced a $20 billion reinsurance program aimed at reviving shipping in the Strait of Hormuz, where traffic has all but stopped amid the US and Israeli attacks on Iran.
The IRS acted within its authority when issuing a reporting regulation identifying some micro-captive insurance arrangements as tax abusive, a federal judge in Tennessee held, rejecting a challenge to the rule.
A
The surge in yield premiums on US investment-grade bonds of insurers, triggered by concerns around exposure to private credit, is “overdone,” according to
Fears of deeper disruption to global oil and natural gas supply are growing as the US and Israel
For nearly three years, the two sides have battered each other with relentless legal filings in a New York court, and their war over who should pay at least hundreds of millions of dollars to sex abuse victims shows few signs of abating. Both accuse the other of an underhanded public relations campaign.
Generic versions of


A growing number of businesses are suing their insurers over denied business interruption insurance claims due to the Covid-19 pandemic. But will they be successful?
Get the latest legal, regulatory, and enforcement news and analysis, as well as in-depth business and industry covering in the following areas: