
Oil prices rose after the US and Iran traded fresh strikes and issued conflicting declarations about the status of the Strait of Hormuz. Investors are preparing for a busy week ahead, including Federal Reserve Chair Kevin Warsh's testimony on Capitol Hill, CPI data, and Wall Street earnings. These developments are significant as they affect global oil supply and market expectations for monetary policy and economic indicators.
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Oil gains after US and Iran trade strikes
The US and Iran are issuing conflicting declarations about whether the Strait of Hormuz is open for navigation.
5 claims still need verification.
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Oil prices increased following fresh strikes between the US and Iran.
BloombergOil gains after the US and Iran trade fresh strikes. The two sides are issuing conflicting declarations whether the Strait of Hormuz is open. Investors prepare for Federal Reserve Chair Kevin Warsh's testimony on Capitol Hill this week along with CPI and Wall Street earnings. Thierry Wizman of Macquarie looks ahead to the busy week. (Source: Bloomberg)
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Oil prices increased following fresh strikes between the US and Iran.
BloombergThe US and Iran are issuing conflicting declarations about whether the Strait of Hormuz is open for navigation.
BloombergInvestors are preparing for Federal Reserve Chair Kevin Warsh's testimony on Capitol Hill this week.
BloombergThierry Wizman of Macquarie is providing analysis on the upcoming week.
OpinionCPI data and Wall Street earnings are also expected this week.
Bloomberg