The Kremlin has welcomed a U.S. proposal for a moratorium on attacks against energy infrastructure but insists any deal must include the removal of sanctions and guarantees for safe maritime shipping.
The benchmark 10-year U.S. Treasury yield climbed above 5% to its highest level since 2007, as investors contend with rising oil prices and anticipate a key Federal Reserve policy decision.
A key Saudi Arabian crude pipeline will be mostly offline for three to five weeks, prompting HSBC analysts to warn of a potential 6 million barrel-per-day supply deficit and upside risk to oil prices.
European and UK wholesale natural gas prices pulled back slightly on Tuesday after a recent surge. However, prices remain anchored by low storage levels, geopolitical shipping risks, and rising oil prices.
Venezuelan Interim President Delcy Rodriguez is reportedly planning to travel to New York for the United Nations General Assembly, according to a Bloomberg News report citing unnamed sources.
Gold prices stabilized but faced pressure from a stronger dollar and rising Treasury yields, as Middle East oil disruptions fueled inflation fears and increased the likelihood of a Federal Reserve interest rate hike.
Oil benchmarks rose over 1% on Tuesday following new attacks on Saudi Arabian infrastructure and an ongoing outage of a key pipeline, heightening concerns over a potential disruption of up to 4% of global supply.
Crude oil benchmarks rose on Tuesday amid escalating geopolitical tensions in the Middle East, as fresh Houthi attacks on Saudi oil infrastructure and a delay in talks to reopen the Strait of Hormuz heightened concerns over global supply disruptions.
Texas Governor Greg Abbott has directed state regulators to penalize data centers and other major water users that fail to report their consumption, a move that could halt new projects by denying environmental permits.
