Oil prices fall 2% as US, Iran explore phased path out of war
Brent crude settled at $104.32 a barrel and WTI at $92.41. Traders also weighed talk of a possible US diesel export ban and disruptions to Saudi oil flows from Houthi attacks.
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Peter Schiff Warns Record Diesel Prices Could Leave US Vulnerable To Next Energy Shock, Says Trump's Diesel Export Ban Could 'Backfire'
Economist Peter Schiff warned that record diesel prices and the depleted Strategic Petroleum Reserve (SPR) could leave the U.S. with less of an energy buffer during a future supply shock amid the Iran war. Diesel Ban May Backfire In a video released on YouTube by Schiff on Thursday, the Echelon Wealth Partners co-found
Ross Gerber Warns US 'Can't Afford' 5% Treasury Yields As Bond Rout Sends Mortgage Rates To 2023 High
The bond market ‘meltdown’ is accelerating, pushing mortgage rates to their highest level since 2023, with investor Ross Gerber warning that the U.S. “can’t afford” sustained 5% Treasury yields without risking a debt spiral. Rates Have Jumped 150 Basis Points In Six Months The average interest rate on a 30-year mortgag
Asia Distillates — Diesel markets give back gains; jet fuel firms slightly
SINGAPORE, Sept 24 (Reuters) — Asia's diesel markets gave back some of the previous session's gains, with timespreads and cash premiums easing back to levels seen two sessions earlier, while jet fuel cash premiums climbed to a one-week high. Some October discussions were still ongoing for Northeast Asian barrels, with
Fed's Kevin Warsh Says 2% Is 'Firm, Fixed Target,' McDonald’s CEO Sees Years of Elevated Inflation — Peter Schiff Asks ‘Who Do You Believe?’
Investor Peter Schiff questioned Federal Reserve Chair Kevin Warsh ‘s inflation outlook after McDonald’s Corp. (NYSE: MCD ) CEO Chris Kempczinski warned elevated inflation and squeezed household budgets are hurting customer traffic across the restaurant industry. ‘Who Do You Believe?’ “Today the McDonald’s CEO said he
MNI ASIA OPEN: 20Y Highs for 10Y Yld, S&P Flash PMIs Surge
EXECUTIVE SUMMARY * MNI FED: Gov Barr: Base Case Is For Further Hikes: #83aa171c-7fc4-49fd-82f5-351bcb071d96 * MNI IRAN: Security Chief Says In No Rush To Negotiate: #5df7e2ac-e490-4920-91fd-84069fe559a3 * MNI IRAN: Pezeshkian Talks On Nuclear, Hormuz & US Stance In UN Address: #c9b6854d-8cab-47cb-8646-ce411062279c * M
RPT — Record US diesel prices squeeze farmers; food prices may rise
(Repeats story with no changes to text) Diesel costs for US farmers are double last year's level Record diesel prices also pressure food transport and retail Prices seem headed up for grocery staples like produce and meat By Leah Douglas, Lisa Baertlein and Nichola Groom WASHINGTON, Sept 18 (Reuters) — In northeast Mis
Chuck Schumer Says Trump Blames Ukraine for High Gas Prices Even as It 'Comes Out' Putin-Linked Oligarch Paid for Son's Wedding: 'Shameless'
Senate Minority Leader Chuck Schumer (D-N.Y.) said Tuesday that President Donald Trump blaming Ukraine for record diesel prices, the same day it emerged that a Russian oligarch with ties to President Vladimir Putin paid for Donald Trump Jr. ‘s wedding celebration, is evidence that the Trump family is “in Putin’s pocket
Elizabeth Warren Says Trump's Iran War Cost Taxpyers Almost $40 Billion and Drove 'Half the Inflation' — Doesn't Include 'Damage' to US Bases
Sen. Elizabeth Warren (D-Mass.) criticized President Donald Trump on Tuesday for the cost of the war with Iran on taxpayers, which the Congressional Budget Office estimates has reached $38.1 billion, arguing that the conflict has significantly worsened U.S. inflation. ‘A Conservative Estimate’ The CBO, in a letter to R
10-Year Yield Tops 5%, Oil Storms Past $105: Stock Market Today
The U.S. 10-year Treasury yield broke above 5% on Tuesday, and crude oil stormed past $105 a barrel, a combination that left every major U.S. equity index in the red at midday. President Donald Trump said on Truth Social that “the world’s diesel price rise is mostly caused by the Russia/Ukraine War, not Iran.” West Tex
US gasoline futures ease after hitting seven-week high
US gasoline futures fell to around $3.31 a gallon after reaching a seven-week high, amid evolving Ukraine-Russia energy infrastructure statements and continuing shipping and supply concerns.
Trump says Iran war will end after the midterms
Trump said Wednesday the Iran war will end “immediately after” the November midterm elections. Peter Schiff called the comment his “latest lie” and said any delay would add upward pressure on oil prices and interest rates.
Strategist warns central banks against hiking into oil shock
James Thorne said a Kevin Warsh-led Fed could repeat 2008 by tightening into an energy supply shock, and argued the ECB has already made that mistake.
US inflation, sales data cool Fed hike bets; stocks hit records
The S&P 500 and Russell 2000 set fresh highs as July CPI rose 0.1% and 3.4% annually, PPI was flat, and retail sales fell 0.6% versus a 0.1% consensus gain.
US Gasoline Futures Hit 2-Week High
US gasoline futures rose to $3.16 per gallon, a two-week high
EU: Micron Earnings Lift Tech
Micron's strong earnings and guidance boost tech sector, while a major earthquake hits Venezuela and big US banks pass Fed's stress tests