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Wall Street buckles in for a long war as Hormuz remains closed and Trump says he has ‘plenty of time’ | Fortune
Three words spooking the market.
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Iran’s new supreme leader is injured but reportedly ‘safe' as traders sour on war exit strategy | Fortune
Sentiment sours on war exit strategy.
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Oil went over $100 again after the U.S. admitted it cannot control the Strait of Hormuz | Fortune
Oil is trading like a meme stock, some analysts say.
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Recession and stagflation risks are rising due to Iran conflict, as economist warns it’s ‘getting harder to argue disruption will be…
"Clearly, the longer that oil remains at these levels, expectations of a sustained shock will only grow," Deutsche Bank's Jim Reid said.
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Wall Street buckles in for a long war as Hormuz remains closed and Trump says he has ‘plenty of time’ | Fortune
Three words spooking the market.
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'Peak war panic' will likely hit financial markets in 1-3 weeks, strategist predicts, as the U.S. and Iran dig in for prolonged escalation…
"The end is not in sight. The Strait of Hormuz is effectively closed, and markets are starting to price in a prolonged, uncertain endgame."
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With Iran still in control of Hormuz, Trump threatens NATO and oil hits $106 | Fortune
The price of oil is driving everything today—even the cost of fertilizer.