Tag: @LCO26Q
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Trump says Iran will ‘pay the price’ and claims they have ‘taken too long’ to agree to a deal
The president’s comments came after U.S. forces on Tuesday evening launched strikes against Iran.
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Energy prices take center stage as the ECB prepares to decide on rates
The ECB is expected to raise rates by 25 basis points as higher energy prices drive inflation and raise concerns about broader price pressures.
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China May wholesale inflation hits near 4-year high on Iran war, AI costs; CPI misses
Price growth has been boosted by a surge in global commodity costs, as the Middle East conflict disrupted energy and raw material flows.
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Oil choppy after U.S. completes Iran strikes following Apache helicopter attack
Oil prices rose after the U.S. launched military strikes against Iran, raising concerns that renewed clashes may threaten shipping through the Strait of Hormuz.
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CNBC Daily Open: Trump’s Iran deal is ‘days away’ — yet again
U.S. Energy Secretary Chris Wright said ship traffic through the Strait of Hormuz was “rising very meaningfully,” although he did not provide specific data.
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The May inflation numbers are due out Wednesday morning. Here’s what to expect
If the Wall Street consensus is correct, the consumer price index is expected to show inflation running at a 4.2% annual rate.
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Energy Secretary Chris Wright says traffic in Strait of Hormuz is rising ‘very meaningfully’
Wright said that describing the volume of oil exports out of Hormuz as increasing is a “fair statement.”
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Oil prices fall as Trump tries to convince market an Iran deal is close despite recent violence
President Donald Trump has repeatedly said a deal with Tehran to reopen Hormuz is close, but such an agreement still has not materialized.
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Trump says Iran deal could be reached in ‘two or three days’ and Strait of Hormuz will reopen ‘immediately’
Speaking to reporters after attending the NBA Finals in New York, Trump said the two parties are in the final stages of a “very, very good deal”.
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Iraq and UAE race to establish alternative oil pipelines as exports through Hormuz dry up
Last week, the Iraqi cabinet approved plans to accelerate crude exports through the Kurdistan-Turkey pipeline network.
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