The investment bank warns that unexpected inflation could trigger Federal Reserve rate hikes, creating a significant headwind for equities that could overshadow a solid corporate earnings season.
Wheat futures on the Chicago Board of Trade climbed to their highest level in six weeks as traders positioned for a key U.S. Department of Agriculture report expected to show a reduction in domestic stockpiles.
The International Maritime Organization's governing council has condemned Iran's creation of an authority to control traffic in the Strait of Hormuz, calling on member states not to recognize Tehran's sovereignty claims over the vital shipping lane.
The U.S. energy services firm postponed its widely watched report on active oil and gas drilling rigs, a key indicator of future production, without providing a reason or a new release time.
The U.S. Treasury Department has targeted 14 individuals and entities, including a prominent businessman accused of financing Iran's elite, following renewed attacks on oil tankers in the Strait of Hormuz.
Gold prices are on track for a weekly decline as rising oil prices, driven by renewed U.S.-Iran tensions, increase investor concern that the Federal Reserve may maintain a hawkish monetary policy.
Former President Trump announced the end of a ceasefire with Iran while confirming talks would continue, roiling energy markets amid renewed military hostilities in the Strait of Hormuz.
President Volodymyr Zelenskiy announced the formation of a special military command to intensify strikes on Russian energy and logistics, a campaign that has already led to a Russian diesel export ban and disruptions to grain shipments.
President Donald Trump stated in a television interview that the critical Strait of Hormuz is open to commercial traffic, seeking to calm market fears over potential disruptions from ongoing U.S.-Iran hostilities.
