Tag: @LCO26Z
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Iran’s overlapping power centers make ending the war more complicated
Iran’s power structure complicates efforts to enforce any ceasefire with the U.S., from the Supreme Leader to the Revolutionary Guards.
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Exxon and Chevron profits surge on rising oil prices due to Iran war
ExxonMobil and Chevron on Friday reported second-quarter profits that surged on rising oil prices due to the Iran war.
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CNBC Daily Open: Iran-U.S. tensions, China’s factory data and a steady Bank of Japan
U.S. President Donald Trump called on Congress to add tariffs on Iran to a sanctions bill against Russia and Tehran that has bipartisan support. However duties would have little effect, as the U.S. imports nearly nothing from Iran.
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Oil prices ease as recovering Hormuz Strait traffic tempers war premium
Commonwealth Bank of Australia said in a note on Friday that stronger oil flows through the Strait of Hormuz had eased market concerns after U.S.-Iran strikes earlier this week.
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BOJ holds rates at 1%, warns of core inflation exceeding 2% target
The decision comes as speculation continues to swirl around whether the Bank of Japan will hike rates at a faster pace.
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Fed Chairman Kevin Warsh fails first test as ‘Bond Vigilantes’ drive yields higher, says Ed Yardeni
“Arguably, Warsh failed his first credibility test,” wrote Yardeni.
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Egypt says drone hit two ships at Mediterranean port as attacks on energy infrastructure widen
The unclaimed attack comes as Iran, its Houthi alllies in Yemen and Iraqi militias have widen strikes on energy infrastructure across the region.
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The Strait of Hormuz is just one trade chokepoint facing a new era of maritime warfare
Attacks near the Strait of Hormuz, Red Sea and Black Sea are pushing shipowners to reroute cargo and rethink global trade risks.
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Iran launches surprise ballistic missile attack on U.S. forces in the Middle East
Centcom in a post on X said that the attack originated from Iran, but all missiles were intercepted.
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U.S. Strategic Petroleum Reserve faces stress as emergency releases strain old infrastructure
The reserve has an authorized storage capacity of 714 million barrels, according to the Department of Energy.
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