Oil Rises as Market Monitors US Plan to Help Ships Exit Hormuz
(Bloomberg) — Oil rose as President Donald Trump’s plan to help vessels exit the Strait of Hormuz was met with skepticism from shipowners and defiance from Iran. Read More
Morgan Stanley Sees Tech Earnings Eclipsing Iran War for Stocks
(Bloomberg) — Strong US corporate earnings led by a buoyant tech sector are overshadowing fears that the Middle East conflict could weigh on stocks, according to strategists at Morgan Stanley. Read More
UAE Oil Head Says OPEC Exit Gives Ability to Speed Up Investment
(Bloomberg) — The United Arab Emirates’ surprise exit from OPEC gives it greater ability to accelerate investment and expand, the head of the country’s state-run oil company said. Read More
Gold Steady With Focus on US Hormuz Plan And Iran Peace Talks
(Bloomberg) — Gold was steady, after a second weekly decline, as traders monitored progress toward a US-Iran deal and President Donald Trump’s plan to start guiding some ships through the Strait of Hormuz. Read More
US Futures Gain, Oil Falls on Signs of Iran Talks: Markets Wrap
(Bloomberg) — US stock futures rose and oil fell as improving risk sentiment was buoyed by prospects of shipping resuming through the Strait of Hormuz and progress toward a US-Iran deal. Read More
Trump Says US to Start Guiding Trapped Ships Through Hormuz
(Bloomberg) — President Donald Trump said the US will begin guiding some neutral ships trapped in the Persian Gulf out through the Strait of Hormuz starting Monday. Read More
Bond Traders Look to Treasury Refunding, Fed Speakers and Jobs
(Bloomberg) — US bond traders will focus on this week’s announcement of the Treasury Department’s borrowing plans for the next three months, an array of Federal Reserve speakers and a loaded calendar of economic releases crowned by monthly employment data. Read More
