Oil jumps on reports of possible US strikes against Iran
Oil prices surged amid reports the White House asked the Pentagon for strike options against Iran, raising fears of renewed conflict.
Oil prices surged amid reports the White House asked the Pentagon for strike options against Iran, raising fears of renewed conflict.
Gold briefly dipped below $4,110 support but recovered, as geopolitical tensions support oil; the technical bias remains neutral to bearish.
European stocks opened sharply lower as bond yields hover near multi-decade highs, with Italy leading declines.
Oil prices rose on Middle East risks, while Japanese and South Korean stocks fell. Gold rebounded towards $4,140.
Chevron and Shell have shut in production at nine Gulf of Mexico facilities as Tropical Storm Isaias approaches.
Axios: Pentagon readies for possible Iran strikes; Trump has not made final decision.
A Reuters poll finds 37% of Japanese firms see oil volatility as the top earnings risk, ahead of currency and rate concerns.
US one-year inflation expectations rose to 3.9% in September, the highest since May 2023, according to a New York Fed survey.
Minutes from the Fed's September meeting show unanimous rate hike and majority expect another increase by year-end due to inflation concerns.
Wall Street gave up gains after the S&P 500 hit a record, as Treasury yields surged and oil prices rose.
A tanker was hit by multiple projectiles off Qatar with crew casualties, expanding Gulf shipping risks beyond the Strait of Hormuz.
US markets staged a comeback after early weakness; Fed minutes confirmed a December rate hike is on track.
Tropical Storm Isaias has formed in the Gulf and is forecast to make landfall near the Mississippi-Alabama border Friday night, while oil prices slipped.
Bitcoin fell under $83,000 as oil prices surged and US borrowing costs rose, triggering $178 million in long liquidations.
EIA reported crude inventories fell 3.186M barrels, far exceeding the expected 1.722M barrel build.