Iran war hits 100 days as S&P 500 reaches new highs
Why it matters: Oil, bond and inflation risks remain elevated even as investors keep betting the conflict will stay contained.
Bloomberg, CNBC
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Why it matters: Oil, bond and inflation risks remain elevated even as investors keep betting the conflict will stay contained.
Why it matters: Oil rose more than 2% as fighting again threatened the Strait of Hormuz, a key route for global energy shipments.
Why it matters: More sailings could ease pressure on oil, gas and goods flows after months of war disruption and stranded vessels.
What's new: Brent closed at $96 and WTI at $93.76 as the market weighed stalled US-Iran contacts and a largely shut strait.
What's next: Traders are watching for a deal within a week as tanker traffic stays far below prewar levels and keeps a risk premium in crude.