New concerns regarding supply constraints through the Strait of Hormuz have intensified following the latest exchange of strikes between the U.S. and Iran in the region, resulting in an increase in oil prices. The U.S. stock markets are set to close for a holiday; however, traders are anticipating the release of crucial inflation data later Read More
Dow Futures hover near the neutral point, as traders closely monitor developments regarding potential advancements in negotiations aimed at resolving the conflict in Iran. Oil prices are poised for a weekly decline, indicative of growing optimism regarding a potential agreement between the U.S. and Iran in the near future. Elsewhere, new information surfaces regarding what Read More
Iran declared its intention to reopen the Strait of Hormuz for the period of a 10-day ceasefire between Israel and Hezbollah in Lebanon. According to Iran’s Foreign Minister Abbas Araghchi, the waterway critical for global energy supplies, which had been closed since the onset of U.S. and Israeli bombings in Iran at the end of Read More
