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US Secretary of State Marco Rubio speaks to reporters on the progress of a deal with Iran. (Source: Bloomberg)
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.
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.
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.
