The Iran deal came just in time as Strategic Petroleum Reserve hits lowest level since 1983
Oil executives have warned that global inventories are rapidly depleting due to the supply disruption triggered by the Iran war.
Oil executives have warned that global inventories are rapidly depleting due to the supply disruption triggered by the Iran war.
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Oil executives have warned that global inventories are rapidly depleting due to the supply disruption triggered by the Iran war.
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Wall Street rallied overnight, with the Dow closing at a fresh high. Here, the cash rate is widely forecast to remain unchanged at 4.35 per cent, after three consecutive rate hikes this year. Follow the day's events…
The 10-year Treasury yield fell on Monday following the announcement of a preliminary peace agreement between Washington and Tehran.
Tanker traffic through Hormuz could quickly increase but it is unclear whether transits will approach prewar levels, according to Kpler. Grouped from 26 articles across 10 sources.
TEHRAN, Iran — The news felt like a wave of relief after weeks of counterclaims and strikes Grouped from 2 articles across 1 sources.
Energy prices tumbled and stocks jumped Monday — but only moderately — after the U.S. and Iran said they had reached a deal to reopen the Strait of Hormuz. Grouped from 9 articles across 8 sources.
The Iran "deal" is a tacit admission of strategic defeat by the Trump administration and of a failure to achieve nearly all of his war aims.