US EditionBrent oil rises above $100 after Iran seizes container ships, U.S. maintains naval blockade
Markets rose as traders weighed a fragile ceasefire and a U.S. blockade that has restricted traffic through the Strait of Hormuz.
- Brent crude oil prices rose above $100 per barrel Wednesday after Iran fired on three ships in the Strait of Hormuz and seized two vessels, while the United States maintains its naval blockade of Iranian ports.
- President Donald Trump extended a ceasefire with Tehran, citing a "seriously fractured" political situation, but Iran refused to attend peace talks in Pakistan, calling negotiations a "waste of time."
- The U.S. stock market rallied toward another record Wednesday, with GE Vernova gaining 12.8%, Boston Scientific rising 8.8%, and Boeing climbing 6.5% after reporting stronger-than-expected quarterly profits.
- Caution lingers on Wall Street despite the gains, as Best Buy shares fell 4.5% after announcing the departure of CEO Corie Barry, who will be replaced by insider Jason Bonfig.
- Financial markets remain volatile amid uncertainty over the war with Iran, which previously drove Brent crude to $119 and pushed the S&P 500 nearly 10% below its all-time high.
67 Articles
67 Articles
Oil back up above $100 as US-Iran peace talks falter
Oil prices held above $100 a barrel on Thursday as peace talks between the US and Iran collapsed before a second round could take place, while Washington and Tehran both sought to assert control over the Strait of Hormuz.US President Donald Trump indefinitely extended a ceasefire with Iran, but vowed to maintain a blockade on Iranian ports. Tehran, meanwhile, said it would not engage in diplomacy so long as Washington’s blockade remained in plac…
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TheAltWorldIran-U.S.: The strategic limbo breakdown
No serious analysis can possibly take into consideration the Epstein Syndicate's mentally retarded blah blah blah about what goes on in the corridors of power in Tehran. As if they had any informed clue. Nothing is "fractured" (apart from Baboon of Barbaria's psyche). There are of course different conceptual approaches, and a lively national public debate. But on a high decision level the whole system is strongly unified. To start with, this is …
Oil Prices Jump Above $100 a Barrel as Iran Seizes 2 Ships in Strait of Hormuz
Oil prices rose Wednesday as Iran’s Islamic Revolutionary Guard Corps said it seized two ships in the Strait of Hormuz just hours after President Donald Trump extended the cease-fire.
U.S. stocks rally toward a record while Brent oil tops US$100 on uncertainty about the Iran war
The U.S. stock market is rallying toward another record Wednesday after GE Vernova, Boston Scientific and other big companies joined the list of those reporting fatter profits for the start of the year than analysts expected.
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