S&P 500 futures were up slightly in what may be a sign that investors and analysts are waiting to see if a deal is finalized.
Category: Oil (Petroleum) and Gasoline
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Oil Prices Fall on News of Possible Iran Deal
The New York Times – Business: -
Reopening of Strait of Hormuz Still a Question Mark
The New York Times – Business:Without the details of a formal agreement, it is unclear how soon normal shipping will resume and when oil prices will start to come down.
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The War-Driven Supply Shock Already Roiling Manufacturing in Asia
The New York Times – Business:A shortage of naphtha, stemming from the blockade of the Strait of Hormuz, is disrupting manufacturing and retail goods in Japan and South Korea.
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Oil Prices Jump on Impasse Over Reopening the Strait of Hormuz
The New York Times – Business:Nearly three months since the fighting began, disagreements remain over the fate of Iran’s uranium stockpile and transit fees for the Strait of Hormuz.
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Thousands of Miles From the Iran War, Asia’s Currencies Feel the Strain
The New York Times – Business:Soaring oil prices and a surging dollar are testing Asia’s foreign-exchange reserves, which were built up after the 1997 crisis.
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Is the Bond Market Signaling Danger? Or Opportunity?
The New York Times – Business:Interest rates for long-term Treasury bonds have surged to levels last seen in 2007, before the great financial crisis.
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Bipartisan Bill Would Impose New Annual Fee on Electric Vehicles
The New York Times – Business:A House transportation bill introduced this week would require owners of electric cars to pay $130 to cover the cost of road repairs.
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Oil Prices Climb and Bonds Falter as Iran War Raises Inflation Fears
The New York Times – Business:Stocks and bonds wavered after President Trump issued a new warning to Iran.
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Oil Prices Edge Higher as Cease-Fire Remains Tenuous
The New York Times – Business:Oil prices rose after President Trump issued a new warning to Iran, calling into question the tenuous cease-fire in the war.