Oil Slumps as US-Iran Deal May Allow Strait of Hormuz to Reopen
(Bloomberg) — Oil sank after the US and Iran agreed to a peace deal to end the war in the Middle East, potentially allowing the Strait of Hormuz to reopen. Read More
Fed and BOE Stay Guarded After 100 Days of Iran War
(Bloomberg) — For several global central banks, the question of whether the Iran war poses more of an immediate danger to inflation or to growth is likely to remain open in the coming week. Read More
Trump Says He’ll Sign Deal With Iran to Reopen Hormuz Sunday
(Bloomberg) — President Donald Trump said an interim deal to reopen the Strait of Hormuz and end the conflict with Iran would be signed on Sunday, a claim contradicted by Iran as the two sides still differ over key points, including management of the waterway and payments to the Islamic Republic. Read More
Fed’s Schmid Says More Cuts Could Drive Inflation Pressures
(Bloomberg) — Federal Reserve Bank of Kansas City President Jeff Schmid said additional interest-rate cuts could do more to ingrain higher inflation than shore up the labor market. Read More