Tag: @LCO26Q
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Mortgage rates are now falling but demand is still weaker
A mixed week for mortgage rates resulted in less demand from both current homeowners and potential homebuyers.
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From supply shock to oil glut: IEA flags scale of demand destruction caused by Iran war
The energy supply shock triggered by the Iran War has prompted the IEA to slash its global oil demand forecast.
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UK inflation holds steady at 2.8% in May
The Bank of England is due to update its monetary policy on Thursday.
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Three Iranian tankers exit U.S. blockade for first time in months as shipowners eye Hormuz in ‘wary disbelief’
At least three Iranian tankers carrying nearly five million barrels of crude oil have exited the U.S. Navy blockade.
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Iran deal won’t solve oil supply issues overnight. Barclays keeps $100 forecast
Barclays warns that immediate normalization of physical oil supply chains across the Strait of Hormuz could take weeks.
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As Hormuz crisis eases, gas prices may drop—other costs like groceries and home goods could stay high for a while
Oil prices are falling after a tentative agreement to reopen the Strait of Hormuz, but broader relief from higher prices may take time.
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Oil prices fall, tanker bosses remain cautious on resumption of Hormuz transit
Global oil prices ticked lower on Tuesday as the Iran peace agreement dominated the G7 meeting in France.
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Australia central bank warns hikes are not off the table as it keeps rates steady at 4.35%
In its statement, the RBA said that inflation was “still too high,” which warranted to keep the cash rate unchanged
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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.
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How the Strait of Hormuz reopening could unfold if the U.S.-Iran deal is implemented
Tanker traffic through Hormuz could quickly increase but it is unclear whether transits will approach prewar levels, according to Kpler.
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