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Trump: Iran conflict will end "immediately" after U.S. midterm elections, oil prices will fall, and Putin "wants to reach an agreement"
As Brent crude oil surged past $100 per barrel, Trump predicted that oil prices would "plunge" after the midterm elections, stating that he seeks no negotiations and that Iran cannot hold out for long. He also mentioned having had a productive conversation with Putin, suggesting the possibility of a bilateral meeting and even a trilateral summit involving the United States, Russia, and Ukraine. Citing senior Iranian officials, U.S. media reported that Iran is prepared to cope with more intense warfare and will strengthen its counterattacks if the United States continues its strikes.
Malaysia Appears Well-Positioned to Weather Oil-Price Volatility -- Market Talk
0322 GMT - Malaysia's exposure to oil-price shocks is expected to remain moderate and manageable, RHB Chief Economist Barnabas Gan says in a note. Higher oil prices support fiscal revenue through
The ECB Could Tell Markets What Fed's Warsh Won't -- Barrons.com
By George Glover The European Central Bank's interest-rate decision Thursday could do the talking for U.S. markets that has failed to come from Federal Reserve Chairman Kevin Warsh. The Fed boss has
JPMorgan: Full restoration of the Strait of Hormuz remains difficult; oil prices still require a high risk premium
1. JPMorgan believes that the partial resumption of navigation through the Strait has alleviated short-term supply pressures, but has also reduced the incentive for the United States to reach a compromise with Iran promptly; 2. With Iranian oil exports nearing zero, a sharp depreciation of the rial, and inflation approaching 90%, economic pressures are continuously undermining its negotiating position; 3. European natural gas and refining margins, as well as U.S. diesel prices, have risen significantly, indicating that the energy shock is spreading from crude oil to transportation, industrial sectors, and end-user prices.
U.S. Treasury Buybacks Expanded Further as Yields Rise; Trump Signals Short-Term Resolution of Iraq Conflict Unlikely
Less than a month after Treasury Secretary Bessent announced a doubling of the bond buyback program to $4 billion, the U.S. Treasury stated it would conduct up to $6 billion in buyback operations on Thursday (the 10th), triple the normal volume. The Treasury also indicated that future operations would amount to at least $4 billion and focus on 10-year and 20-year Treasury notes. Although these operations are purportedly aimed at maintaining liquidity in the government debt market, they are also viewed by the market as a measure to curb Treasury yields, which had previously risen to their highest levels since before the 2008 global financial crisis. Market reaction was largely negative, with U.S. Treasury yields rising further.
Middle East supply disruptions drive up oil prices; EIA raises Brent crude forecast to $91!
Institutions collectively raise forecasts