Economic news
How this oil shock unwinds
At a rate of 1mn barrels a day of overproduction, it would take not far off two years to make up the buffers
Saudi Arabia’s key east-west oil pipeline hit as Middle East energy attacks continue
Iran, Kuwait and UAE also report attacks despite start of two-week ceasefire
Stocks leap as Iran ceasefire sparks global ‘relief rally’
Oil prices tumble following deal between Washington and Tehran to open Strait of Hormuz
Markets shift back towards potential Fed rate cut this year with Iran ceasefire in place
Odds for a reduction jumped Wednesday morning, hitting about 43%, according to the CME Group.
Saudi Arabia’s vital East-West oil pipeline attacked
Conduit has become an economic lifeline for the kingdom since the near closure of the Strait of Hormuz