US EditionWhy Powell Held Rates Steady, And What Trump's Iran Comments Could Mean For Markets - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)
- On Thursday, the Israel-Iran conflict stretched into its seventh day, raising concerns about disruptions in the Strait of Hormuz, a key oil transit route.
- The conflict escalation followed President Trump’s demand for Iran’s unconditional surrender and Iran’s leader Ali Khamenei’s warning of irreparable damage if the US intervened.
- On Wednesday, Trump altered his approach by acknowledging Iran's interest in negotiations and mentioning that they proposed visiting the White House, while he remained noncommittal about the extent of US military action.
- US crude oil futures slipped by 15 cents to settle at $74.69 per barrel, with analysts highlighting a possible $5-per-barrel fluctuation depending on whether tensions escalate or diplomatic negotiations advance.
- On Wednesday, the U.S. Federal Reserve chose to maintain current interest rates amid ongoing economic uncertainties, while experts cautioned that direct American involvement might escalate the conflict and further influence oil prices and inflation.
21 Articles
21 Articles
Oil falls as investors weigh chance of US intervention in Iran-Israel conflict
By Colleen Howe BEIJING (Reuters) -Oil prices slipped on Thursday as investors hesitated to take new positions after U.S. President Donald Trump gave mixed signals on the country’s potential involvement in the ongoing Israel-Iran conflict. Brent crude futures fell 37 cents, or 0.48%, to $76.33 a barrel by 0110 GMT after gaining 0.3% in the previous session marked by high volatility, with prices falling as much as 2.7%. U.S. West Texas Intermedia…
Oil prices drop after Donald Trump's remarks on Israel
Political and economic analysts have various forecasts and theories when it comes to the conflict in the Middle East, in this case the conflict between Israel and Iran that started a few days ago. This conflict shook the market, changing the entire picture, which has been disturbed for some time. However, no one knows what will happen next. Oil prices fell on Wednesday, after investors cut expectations of a deeper US military involvement in the …
International oil prices closed close to balance on Wednesday, in a volatile session marked by U.S. President Donald Trump's numerous statements about Iran.The price of Brent's North Sea barrel, for delivery in August, rose by 0.33%, to $76.70.The U.S. equivalent, the West Texas Intermediate barrel, for delivery in July, rose by 0.40%, to $75.14."The market is hypersensitive," Robert Yawger, from Mizuho USA, told AFP, pointing to "extreme volati…
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