US Stocks Set to Rally on Iran Deal to Reopen Strait of Hormuz
(Bloomberg) — US stock index futures jumped after Washington and Tehran reached an interim deal to reopen the Strait of Hormuz. Oil prices slumped. Read More
KKR-Backed Firm Raises $1.3 Billion in Debt for EVs, Batteries
(Bloomberg) — Zenobe Energy Ltd., a company backed by KKR & Co., has raised £980 million ($1.3 billion) of new debt financing to go toward expanding the fleet of green vehicles in the UK and Ireland. Read More
Muzinich Europe Private Fund Draws Over $1.5 Billion Commitments
(Bloomberg) — Muzinich & Co. has received more than €1.3 billion ($1.5 billion) in commitments for its third pan-European private debt fund as Asian institutions join its investor group for the first time, a company executive says. Read More
US-Iran Deal Poses Inflation Risk If Chinese Oil Demand Recovers
(Bloomberg) — The US-Iran deal is setting the stage for a recovery in Chinese oil demand that risks driving up global inflation pressures, according to Bloomberg Economics, assuming the agreement holds and eventually restores energy flows to the world’s second-biggest economy. Read More
Asia’s Oil-Thirsty Economies Cautiously Welcome US-Iran Deal
(Bloomberg) — Asia was quick to welcome the US-Iran deal to reopen the Strait of Hormuz, through which most of the region’s energy supplies flow. But many warned it’s too early to say if that will offer long-term relief to the world’s most populous and fastest-growing region. Read More
Hormuz Trade Will Take Months to Return to Normal, Analysts Say
(Bloomberg) — Oil markets have reacted with enthusiasm to an interim agreement between US and Iran which should reopen the Strait of Hormuz and restore oil and gas flows — but that return to normality could be months away, analysts warn. Read More
Gold Rises After US and Iran Agree Deal That Would Reopen Hormuz
(Bloomberg) — Gold rose after the US and Iran announced an interim deal to end hostilities and reopen the Strait of Hormuz, easing global inflation fears and potentially tempering expectations for interest-rate hikes. Read More
Hormuz Halt Forces Middle East Trade Into Huge Rewiring
(Bloomberg) — In the wake of the 12-day US-Israel and Iran war a year ago, Siemens Energy AG sent a person driving from Saudi Arabia’s Red Sea port of Jeddah across the Arabian peninsula to the industrial hub of Dammam to study an alternative route in case the crucial Strait of Hormuz was shut down. Read More
Macron’s G7 Legacy Hangs on Fickle AI Funding and Data Centers
(Bloomberg) — With less than a year left in office, Emmanuel Macron wants to be remembered as the French president who put Europe back in the technology race. Read More