Author: Bloomberg News

(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

(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

(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

(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

(Bloomberg) — The Iran war has produced an unusual sight on the Bank of England’s rate-setting panel: unity. Economists don’t expect it to last. Read More

(Bloomberg) — A deal that could reopen the Strait of Hormuz within days has been met with caution among shipowners and traders, with many saying they would wait for more details in order to assess whether safe transits are possible after months of false starts. Read More

(Bloomberg) — Treasuries advanced across the curve as investors dialed back expectations for Federal Reserve interest-rate hikes following news of a deal to end the Iran war.  Read More

(Bloomberg) — Grain futures declined in Chicago as a potential reopening of the Strait of Hormuz could improve access to vital crop inputs, helping to ease the threats to food inflation brought on by the months-long war.  Read More