Oil rose as much as 3.3% after US attacks on Iran’s main export hub marked another escalation in the war that’s all but cut off global customers from the region’s energy supplies for more than two weeks.
Source
Bloomberg
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Fixed-income investors are pricing in an interest-rate hike in Taiwan in the coming months as surging oil prices and a weakening currency spark inflation concerns.
Donald Trump said he could delay his planned summit with Chinese President Xi Jinping if Beijing doesn’t help unblock the Strait of Hormuz, the Financial Times reported, citing an interview with the US president.
China’s long-running effort to build out its energy sources is getting fresh momentum from the war in the Middle East, reinforcing a strategy that’s sent grid operators on a bond-selling binge and funneled hundreds of billions of dollars into the market.
Lynas Rare Earths Ltd. has signed a binding letter of intent to supply the Pentagon with rare-earth oxides over a four year-period.