Scott Bessent Faces House Panel as 10-Year Treasury Yields Hit 5%
U.S. Treasury Secretary Scott Bessent faces the House Financial Services Committee today as 10-year Treasury yields cross 5% for the first time since 2007.
Brent crude prices
Houthi Seizure of Perim Island and Saudi Pipeline Attacks Spike Oil Prices
Iran-aligned Houthi forces seized Yemen’s port city of Mocha and Perim Island in the Bab el-Mandeb Strait, while separate drone strikes hit Saudi Arabia’s major East-West oil…
Oil Prices Top $100 as Iran Fires Missiles After U.S. Destroys Tankers
Global oil prices surpassed $100 per barrel on Wednesday after American military forces destroyed five Iranian oil tankers in the Gulf of Oman and near Kharg Island.
Iran Oil Prices
Oil prices edged lower on Thursday as renewed U.S.-Iran military strikes raised fears of supply disruptions in the Middle East.
Global Markets Under Pressure From Middle East Conflict and Economic Data
Global financial markets face pressure this week as geopolitical conflict in the Middle East drives oil prices upward, while investors prepare for critical economic releases…
US Inflation Eases to 3.4% in July as Gas and Grocery Prices Decline
U.S. annual inflation cooled to 3.4% in July, matching market expectations as gasoline and grocery prices dipped. American consumer prices rose at a slower pace in … Read more
Oil Prices Rise as Iran Ties Strait of Hormuz Reopening to US Concessions
Brent crude prices climbed more than 1 percent on Monday as Iran insisted the Strait of Hormuz will not reopen without major U.S. concessions, including war … Read more