General

• A record-breaking week for options powers S&P 500 surge; volatility gauge is near 2026 low
  CNBC
• UAE says Iran attacked ADNOC vessel with missile in Strait of Hormuz
  Reuters
• Iran's Revolutionary Guard says re-opening Strait of Hormuz does not depend on talks with Oman
  Reuters
• Iran says deal on Strait of Hormuz is close but will not open the waterway by itself
  Reuters
• Iran’s leaders think they have Trump cornered, but their strategy carries great risks
  AP
• Yemen attacks Houthis, Turkey’s Kurdish peace bill wins approval, and other Middle East news
  AP
• Iran Says Hormuz Deal Close But That Its Conditions Must Be Met
  Bloomberg
• U.A.E. Says Iran Attacked One of Its Ships in Hormuz
  WSJ
• The Labor Market Might Not Need as Many Jobs to Be Healthy
  WSJ
• Chart of the Week: Currency interventions have a mixed record
  FT