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One thing that’s helped limit the Iran war’s disruption to global oil supply is the ability of Saudi Arabia to use an alternative export route to the Strait of Hormuz: the Red Sea.
Source
Bloomberg Markets
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Indonesia’s rupiah — Asia’s worst-performing currency this year — has been under pressure since late 2024 when investors began reassessing the country’s fiscal outlook following the election of President Prabowo Subianto. Before this current period of volatility, the currency hadn’t traded at such weak levels since the Asian Financial Crisis of 1997-98.
British retail group Frasers owns a roughly 26% stake in Hugo Boss.
U.S. Treasurys steadied Thursday, as investors monitored developments in the Middle East conflict ahead of further inflation data.
US equity futures advanced after Wednesday’s inflation print calmed investor fears of Federal Reserve interest-rate hikes, while a swift end to renewed American strikes on Iran kept oil prices in check.
