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Commodities
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Commodities
Trump Gives Iran a “Last Chance” as Hormuz Deal Moves Closer — But Tehran Wants Control of the Vital Oil Route
Trump Gives Iran a “Last Chance” as Hormuz Deal Moves Closer — But Tehran Wants Control of the Vital Oil Route President Donald Trump is warning Iran that time is running out for a deal as diplomatic efforts intensify over the Strait of Hormuz, one of the world’s most important energy chokepoints. Iran and Oman...
Business
July 5 Economic Calendar 2026: Jobs, Inflation and ISM Services Could Shake Markets
July 5 Economic Calendar 2026: Jobs, Inflation and ISM Services Could Shake Markets The July 5 economic calendar brings a concentrated run of European and U.S. economic data, with services activity, producer prices, private-sector employment and U.S. oil inventories all scheduled to hit the market. Traders will be watching the data closely for potential signals...
Commodities
Iran Considers European Role in Strait of Hormuz—What It Means for Global Oil Prices
Iran Considers European Role in Strait of Hormuz — What It Means for Global Oil Prices Iran is weighing a possible European role in efforts to restore shipping through the Strait of Hormuz, adding another layer to increasingly complex negotiations over the strategic oil chokepoint. Any arrangement that gives European countries a role in securing...
Business
Marco Rubio Says No Final Decision on Strait of Hormuz Yet — What It Means for Global Oil Markets
Marco Rubio Says No Final Decision on Strait of Hormuz Yet — What It Means for Global Oil Markets U.S. Secretary of State Marco Rubio says negotiations over the Strait of Hormuz are making progress, but no final agreement has been reached yet. The uncertainty is keeping global oil markets on edge, even as crude...
Business
Oil Drops Near $80 as Strait of Hormuz Reopening Sparks Major Market Shift
Oil Drops Near $80 as Strait of Hormuz Reopening Sparks Major Market Shift Oil prices are sliding sharply as hopes for a U.S.-Iran agreement and a possible reopening of the Strait of Hormuz ease fears of prolonged supply disruption, sending a fresh shock through global energy markets. Brent crude fell about 4% on Tuesday, reaching...
Commodities
Iran War Tragedy Puts Pete Hegseth Under Growing Pressure as GOP Confidence in Defense Chief Erodes
Iran War Tragedy Puts Pete Hegseth Under Growing Pressure as GOP Confidence in Defense Chief Erodes Defense Secretary Pete Hegseth is facing mounting political pressure as the U.S. war with Iran continues, with concerns over the conflict’s duration, military leadership decisions and civilian casualties increasingly putting his Pentagon leadership under scrutiny. The latest controversy comes...
Business
ExxonMobil Stock Is Surging — But Is XOM Still a Buy After Its Massive Run?
ExxonMobil Stock Is Surging — But Is XOM Still a Buy After Its Massive Run? ExxonMobil (NYSE: XOM) has become one of Wall Street’s biggest energy stories after a powerful run in 2026, with investors watching the oil giant closely ahead of its latest earnings report. The stock story is especially interesting because XOM combines...
Business
US GDP Growth Slows to 1.5% While Jobless Claims Rise to 197K: What the Latest U.S. Economic Data Means for Markets
US GDP Growth Slows to 1.5% While Jobless Claims Rise to 197K: What the Latest U.S. Economic Data Means for Markets The U.S. economy delivered mixed signals on Thursday as second-quarter GDP growth slowed more than expected while initial jobless claims increased from the previous week, pointing to moderating economic momentum but a labor market...
Business
Bank of England Holds Rates at 3.75%: Why the UK Central Bank Is Still Worried About Inflation
Bank of England Holds Rates at 3.75%: Why the UK Central Bank Is Still Worried About Inflation The Bank of England (BoE) has kept its benchmark interest rate unchanged at 3.75%, matching market expectations and marking the fifth consecutive meeting at which the rate has remained at this level. The decision comes as UK inflation...