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GMS, a major buyer of ships and offshore vessels for recycling, says it has received the first US permit to purchase carriers sanctioned over Iran.
Source
Bloomberg Markets
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Oil markets are nearing minimum operating levels in Asia, with Europe likely next and the U.S. potentially facing shortages by July, said Carlyle's Jeff Currie.
US Secretary of State Marco Rubio speaks to reporters on the progress of a deal with Iran. (Source: Bloomberg)
Emerging-market stocks and currencies rose as oil prices declined on signs that the US and Iran were nearing a deal that would reopen the Strait of Hormuz.
A gauge of risk compensation for holding government bonds has risen fastest in Japan among major markets since the US-Iran war began, pointing to local factors that may continue to weigh on Japanese bonds even if energy prices retreat.
