Originally published at: https://peakprosperity.com/qatar-lng-expects-80-capacity-in-2-months-boj-hikes-rates-as-spacex-buys-cursor-for-60b/
Energy
According to Fars News Agency and TankerTrackers, at least three Iranian oil tankers and two cargo ships transited the former U.S. naval blockade area without interference after a memorandum of understanding between Washington and Tehran. The Wall Street Journal reported that the agreement permits Iran to resume oil and fuel sales immediately, with sanctions relief covering banking, shipping, and insurance. Some observers have described the arrangement as a potentially weak deal that could undermine prior leverage.
Additionally, QatarEnergy has begun testing equipment at its Ras Laffan LNG facility. Bloomberg reported plans to reach 50% capacity within one month and 80% within two months. Analyst Jack Prandelli stated that two liquefaction trains, representing approximately 17% of Qatarâs LNG capacity, sustained damage expected to require three to five years to repair.
Geopolitics
Commentator Martin Armstrong stated that Israeli Prime Minister Netanyahuâs objectives in the conflict had not been met despite a reported U.S.-Iran framework extending de-escalation to Lebanon. Israeli Defense Minister Israel Katz said the Israel Defense Forces would remain in Lebanon, Syria, and Gaza. Armstrong cited his Economic Confidence Model in projecting that the war cycle would extend into 2027.
Relatedly, former Israeli Prime Minister Naftali Bennett described Netanyahuâs tenure as ending in âhistoric failure against Iranâ and pledged to revive the âOctopus Doctrine.â National Security Minister Itamar Ben-Gvir stated that Israel was not bound by the agreement. Finance Minister Bezalel Smotrich called the deal detrimental and expressed intent to pursue regime change in Iran. Opposition leader Yair Golan described replacing Netanyahu as a security priority. Some U.S. conservative voices have similarly criticized the reported framework as insufficiently assertive toward Iran.
Economy
The Bank of Japan raised its policy rate by 25 basis points to approximately 1%. The Board left the pace of quantitative easing tapering unchanged and indicated that monthly Japanese government bond purchases would stabilize at roughly „2 trillion from April 2027. Some market participants have noted potential risks to asset prices and carry trades from the policy shift.
Meanwhile, the World Gold Councilâs 2026 Central Bank Gold Reserves Survey found that 45% of central banks expect to increase their gold holdings over the next 12 months, and 89% expect global official gold reserves to rise. Seventy-four percent of respondents anticipated a decline in the U.S. dollarâs share of global reserves over five years.
In other news, Business Insider reported that Microsoft ended negotiations for a cloud infrastructure lease with Oracle valued at more than $3 billion. However, Oracle stated that the report contained inaccuracies.
Artificial Intelligence
SpaceX filed an 8-K stating that it will acquire AI coding startup Cursor for $60 billion in Class A common stock, with closing expected in the third quarter of 2026 pending regulatory approval.
The Department of Justice moved to dismiss a Clean Air Act lawsuit against xAI concerning methane-burning turbines at its Memphis data centers, citing national and energy security considerations. Earthjustice described the dismissal as a power grab, effectively giving the DOJ veto-power over citizen lawsuits.
US Politics
Senate Majority Leader John Thune stated that Republicans would advance a stand-alone reauthorization of Section 702 of FISA. Thune noted that the SAVE Act lacks sufficient votes for inclusion and expressed hope that President Trump would sign a clean renewal. Speaker Mike Johnson plans to attach the SAVE Act to reconciliation legislation in the House. President Trump has reiterated that he would not approve a renewal without the SAVE Act attached.
Health
A study published in JAMA Internal Medicine found that the 2024â2025 COVID-19 vaccine was associated with a 38% reduction in COVID-related major cardiovascular events among more than one million U.S. veterans. The reduction was greatest among those aged 75 and older and those with comorbidities. The same study reported a 6% reduction in severe non-COVID heart conditions and a 7% reduction in all-cause deaths and hospitalizations. A separate CDC study published in JAMA estimated 41% vaccine effectiveness against critical COVID-19 illness in adults. University of Florida researchers reported longer survival among advanced cancer patients who received an mRNA COVID-19 vaccine within 100 days of starting immunotherapy. However, critics have questioned the studyâs observational design, citing potential healthy user bias and limited long-term data on harms such as myocarditis.
The VA cohort study compared 349,085 veterans who received both COVID-19 and influenza vaccines with matched individuals who received only the influenza vaccine. At eight months, vaccine effectiveness against COVID-associated major cardiovascular events was 37.7%, with statistical significance observed only among those over age 75.
Sources
COVID Vaccine Cuts Heart Risks by 38%, Study Finds
The 2024â2025 COVID-19 vaccine was linked to a nearly 38% reduction in COVID-19ârelated major cardiovascular events.
Source | Submitted by PhilH
2024-2025 COVID Vaccine Tied to Lower Heart Risks in US Veterans
Receipt of the 2024-2025 COVID-19 vaccine was associated with reduced risk of COVID-19âassociated MACE, with reductions most prominent in those 75 years or older and those with comorbidities.
Source | Submitted by PhilH
Netanyahuâs War Wonât End With Trumpâs Iran Deal
The greatest threat to this agreement may not come from Tehran. It may come from those who never wanted a negotiated settlement in the first place.
Source | Submitted by Rodster
Iranian Tankers Resume Oil Exports After Trump Deal Lifts US Blockade
Under the agreement expected to formally end the war between the United States and Iran on Friday, Tehran would be allowed to immediately resume oil and fuel sales.
Record 45% of Central Banks Expect to Increase Gold Reserves
A record 45% of respondents expect their own gold reserves will increase over the next 12 months.
Semiconductor Stocks Tumble as Microsoft Reportedly Ditches $3B Oracle Cloud Deal
Chip stocks tumbled even further in late Tuesday trading following a report that Microsoft just walked away from talks with Oracle about leasing the companyâs cloud infrastructure because of concerns over security and compliance.
Thune Signals Senate Will Renew FISA as Stand-Alone Bill Despite Trump Demands
âWe will try and move 702 as soon as we feel like we have the votes to do it,â Thune said.
Israeli Hardliners Rage at Iran Deal, Urge Netanyahuâs Exit for True Regime Change
Replacing him is not just a political necessity â it is an existential security imperative.
QatarEnergy Gears Up for Swift Partial LNG Restart as Hormuz Reopens
Qatar is preparing to rapidly restart LNG production, a move that could help ease the global supply crunch and accelerate the normalization of energy flows.
BoJ Hikes Rates to 1% for First Time in 31 Years, Will Halt Bond-Buying Cuts
As widely expected, the BoJ raised the policy rate by 25bp to âaround 1%â taking the cost of borrowing to its highest level in 31 years as the country adjusts to sustained inflation.
SpaceX Acquires Cursor AI for $60 Billion as Coding Agent Race Intensifies
SpaceX has agreed to acquire AI coding startup Cursor for $60 billion, giving Elon Muskâs artificial intelligence empire a leg up in the chatbot coding race currently led by frontier AI labs such as OpenAI, Anthropic, and Google.
DOJ Backs SpaceX Bid to Dismiss NAACP Pollution Lawsuit
With SpaceXâs stock rocketing during its first three days of trading, Elon Muskâs company is getting an assist from the Department of Justice, which asked a federal court in Mississippi to toss a case against the company brought by the NAACP.
In addition to sources submitted by community members, the following were also used in the creation of this report: JAMA Internal Medicine and X.
