The price of American oil was again over $100 a barrel on Sunday to Monday night, in the first trades after the markets reopened, a few hours after the US armed forces announced that they are moving from today to blockade Iran's ports, in the absence of an agreement to end the war in the Middle East. While [...]
Oil prices and loan costs are expected to increase further this week, as tankers remain trapped in the Persian Gulf. The failure of the US and Iran to reach a peace agreement after marathon negotiations has put markets on the lookout for further increases in oil and gas prices. Like [...]
Wall Street scored an explosive rally after the US-Iran truce announcement. Dow Jones was launched 2.79% at 47,882,62 units, S&P 500 won 2.34% and Nasdaq was strengthened 2.76%. Trump told Truth Social that he agreed to suspend the bombings for two weeks, while Iran agreed to open the Strait of Hormuz. Oil prices collapsed over 16%, with energy shares retreating, while Nvidia, Amazon and Tesla made profits over 2–3%.
