Iran controls the Strait of Hormuz, while Iraq and Pakistan have both secured agreements for energy navigation.

Iraq and Pakistan have separately reached confidential agreements with Iran, securing permission for oil and LNG shipments through the Strait of Hormuz. Multiple countries are currently in line to negotiate transit rights.

Golden10 Data08:40

Rising Oil Prices and U.S. Bond Yields Heat Up 'NACHO Trade'

As the ceasefire negotiations between the United States and Iran have fallen into a deep deadlock, a new trading narrative is rapidly taking shape on Wall Street—"NACHO" (the Narrowing Assumption that the Channel will Hold Open). Markets are increasingly treating the blockade of the Strait as a 'normalized feature' of the macro environment, an expectation that is driving the continued diffusion of a set of combined trading strategies: going long on crude oil, shorting long-dated U.S. Treasuries, and increasing holdings in inflation-protected assets.

wallstreetcn09:22

Stronger-than-expected US inflation data reinforces hawkish expectations, with USD/CAD remaining in high consolidation.

During the Asian trading session on Wednesday, the US Dollar to Canadian Dollar (USD/CAD) pair remained in a narrow consolidation range, with the exchange rate hovering around 1.3695. Although the US Dollar gained support following stronger-than-expected US inflation data, the continued rise in international oil prices constrained further upward movement for USD/CAD, keeping overall market sentiment cautious. Data released on Tuesday by the US Bureau of Labor Statistics showed that the US Consumer Price Index (CPI) rose 0.6% month-on-month in April, with the annual rate climbing to 3.8%, marking the highest level since May 2023. This figure was significantly higher than market expectations, indicating persistent inflationary pressures in the United States. Meanwhile,

FX678 Finance09:50

Crude Oil Trading Alert: Closure of the Strait of Hormuz Exacerbates Global Supply Concerns, WTI Crude Reclaims $100 Mark to Reach a New High for the Period

The international crude oil market continued to maintain a strong upward trend this week, with WTI crude oil rising for multiple consecutive trading days. On Tuesday, it reached a high of nearly 102.50 USD during intraday trading. On Wednesday during the Asian session, it slightly retreated, trading near 101.37 USD. Persistent concerns over potential disruptions to global energy supplies have driven oil prices back above the 100 USD mark, creating a significant recent high. The core driver behind this rally remains the impact of the prolonged closure of the Strait of Hormuz on global energy transportation. As one of the most crucial oil shipping channels globally, the Strait of Hormuz handles approximately 20% of the world's seaborne crude oil transportation volume.

FX678 Finance09:35

Gold Ticks Lower as Fading Peace Hopes Lift Oil; Silver Slips After Five-session Win Streak

Seeking Alpha05:38

I Have $310,000 in Cash From a Maturing CD. Where Should I Put It Next?

MarketWatch04:05