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First US Oil Barrels From Emergency Release to Hit Market
(Bloomberg) — The first oil from US President Donald Trump’s planned 172 million-barrel emergency release is set to start flowing soon, the latest move in the administration’s battle to keep fuel prices in check. Read More
Japan Says Not Considering Unilateral Talks With Iran on Hormuz
(Bloomberg) — Japan’s Foreign Minister Toshimitsu Motegi said the nation isn’t considering unilateral negotiations with Iran to secure passage for its vessels through the Strait of Hormuz, following a report that Tehran is prepared to grant the access. Read More
Trump Gives Iran 48 Hours on Hormuz, Threatens Power Plants
(Bloomberg) — President Donald Trump threatened to attack Iran’s power plants if the country didn’t swiftly reopen the Strait of Hormuz to commercial ship traffic after the passage of oil and gas cargoes has been paralyzed. 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