Prolonged Iran war threatens to magnify economic pain, BIS warns
Bank sees risks of surge in government borrowing costs and of hit to ‘rich’ asset prices
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Bessent says Treasury is not intervening in oil commodities markets and has no authority to do so
Bessent addressed rumors that the Treasury Department or some other arm of government might step in to try to lower oil prices.
Why America’s shale patch is not celebrating $100 oil
Independent operators are caught in the middle between Trump’s Iran war aims and his promise of low petrol prices
Canadian pension funds hit by private equity slump
Plus, rich investors dump private credit funds, five-minute crypto bets and Wallace & Gromit at the Young V&A