Oil: Strait of Hormuz reopening eases stress – BNY BNY’s Bob Savage reports that the U.S.-Iran agreement to reopen the Strait of Hormuz has significantly reduced immediate energy supply risks. This geopolitical de-escalation has lowered energy market stress and helped calm
Agreement includes sanctions relief, frozen funds release, and immediate lifting of US blockade on Iran. The US and Iran have signed a memorandum of understanding to immediately reopen the Strait of Hormuz and lift the US blockade on Iran, effective Friday. The deal, signe
American households bear 96 percent of tariff costs, driving inflation and annual expenses up by $5,200, research shows. Recent research reveals U.S. tariffs have significantly increased consumer prices, with American importers and households absorbing 96 percent of the bu
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A preliminary US-Iran peace accord sparks a 1% surge in Europe’s STOXX 600, easing geopolitical tensions and boosting cyclical equities. Europe’s STOXX 600 index climbed 1% to an all-time high of 639.20 points on June 15, driven by a landmark US-Iran preliminary peace deal
Crude prices fell sharply as the deal allows Iranian exports to resume within 30 days but remain 20% above prewar levels. Oil prices dropped Monday after the U.S. and Iran reached a framework agreement to end hostilities, clearing the way for the Strait of Hormuz to reopen
Geopolitical escalation in Lebanon and delayed Hormuz shipping add supply risks, but WTI crude falls $4.77 to $80.11 amid mixed signals. WTI crude oil dropped $4.77 to $80.11 as geopolitical tensions in Lebanon and the Strait of Hormuz sent mixed signals to markets. An Isr
The USDCAD is trading modestly lower on the day, but notably is not seeing aggressive selling despite the weekend developments in the Middle East. As the conflict appears to be moving toward a resolution, market attention may shift back to trade negotiations That co
Workday’s $32.30 billion market cap stock fell sharply as investors rotated from tech to physical economy sectors in Q1 2026. Workday (WDAY) shares closed at $130.80 on June 12, 2026, down 46.75% over the past 52 weeks. The decline reflects broader market shifts away from
WASHINGTON, June 15 U.S. homebuilder sentiment fell in June, weighed down by higher mortgage rates and costs for construction materials, a survey showed on Monday. The National Association of Home Builders/Wells Fargo Housing Market index dropped two points to 35 this mont
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