Oil extends gains on U.S.-Iran strikes as gas prices hit Labor Day record
Oil extends gains with Brent crude approaching $100 a barrel as U.S.-Iran military strikes escalate. Gas prices hit a record high for Labor Day weekend.
geopolitical risk
Ukraine’s president just said North Korean troops are joining the war, and markets are watching Russia risk again
Ukraine’s Zelenskyy says Russia is bringing in North Korean military support as the war escalates. What it means for markets.
Iran just said exactly what it would take to reopen the Strait of Hormuz, and oil traders don’t believe it
Oil climbed above $83 a barrel as Iran tied Strait of Hormuz reopening to conditions traders view with skepticism.
Investors boost Treasury and bond ETF holdings as war, inflation and AI fears mount
Investors are increasing Treasury and bond ETF allocations as war in Iran, persistent inflation and AI angst raise portfolio safety concerns.