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U.S. stocks traded mixed but mostly higher at midday Friday as crude oil retreated on hopes for an Iran-brokered reopening of the Strait of Hormuz, even as Treasury yields pushed toward their highest level since 2007 after this week's Trump-Xi trade summit. Washington and Beijing extended their trade truce without anno
UK natural gas prices rose above 148 pence a therm on Wednesday, rebounding from the previous session’s losses, as doubts grew over the likelihood of an agreement to resume energy flows through the Strait of Hormuz. Supply concerns persisted despite Pakistan’s defense minister saying that the US and Iran were “close to
The July Consumer Price Index lands Wednesday at 8:30 a.m. ET, and traders are hoping a soft number can reignite momentum in high-beta names like Palantir Technologies Inc. (NASDAQ: PLTR ) and Tesla Inc. (NASDAQ: TSLA ). Cato Institute economist Jai Kedia doubts it. “It is unlikely that any meaningful change to those s
Iran denies Hormuz reopening soon
US Central Command says that commercial maritime traffic through the Strait of Hormuz increased on Saturday, even as Iran announced the closure of the vital waterway. Safe passage remained intact, with 55 merchant ships transiting the Strait, US Central Command said in an X post on Saturday. The vessels moved more than
U.S.-Iran follow-up talks in Switzerland were canceled, raising doubts about a lasting peace. Oil prices fluctuated as traders reassessed risks around the Strait of Hormuz. OPEC rejected forecasts that global oil demand will peak soon. Oil prices resumed their climb after briefly turning lower Friday on news that Israe
U.S.-Iran follow-up talks in Switzerland were canceled, raising doubts about a lasting peace. Oil prices fluctuated as traders reassessed risks around the Strait of Hormuz. OPEC rejected forecasts that global oil demand will peak soon. Oil prices turned lower after Israel and Iran-backed Hezbollah agreed to a ceasefire
Oil prices turn negative after Israel and Hezbollah agree to a ceasefire
Oil prices turn negative after US official says Israel and Hezbollah agree to ceasefire, amid uncertainty over US-Iran talks and OPEC's rejection of peak oil demand forecasts
U.S.-Iran follow-up talks in Switzerland were canceled, raising doubts about a lasting peace. Oil prices fluctuated as traders reassessed risks around the Strait of Hormuz. OPEC rejected forecasts that global oil demand will peak soon. Oil prices were mixed on Friday after follow-up talks between the U.S. and Iran in S
US-Iran strikes raise doubts on peace deal, impacting oil prices. Geopolitical tensions reopen Strait of Hormuz.