JPMorgan forecasts Strait reopening in June The Strait of Hormuz closure is pushing oil markets toward a supply tipping point. A prolonged closure could push Dated Brent to $150 per barrel. The closure remains a significant concern for the oil market, with a ceas
Cardano’s ADA token fell to $0.20, its lowest price in over five years, amid broader crypto declines and ecosystem struggles. Cardano’s ADA token slumped to $0.20, its lowest level since 2019, as cryptocurrency markets extended losses. The decline marks a 70% drop over the
Rising tensions in the Middle East and stronger US data push the USD higher while oil prices and Treasury yields rise. The US dollar firmed on Wednesday as geopolitical risks escalated, lifting oil prices and Treasury yields. The May ISM services index rose to 54.5, exceed
Fresh economic data sparks downturn concerns The stock market finished lower on Wednesday due to fresh strikes between the U.S. and Iran. Investors digested a fresh round of economic data, fueling concerns about the economy. The fragile ceasefire between th
Six states challenge the federal government’s decision to pay TotalEnergies $1 billion to terminate offshore wind leases. Six states filed a lawsuit against the Trump administration over its decision to cancel offshore wind leases and pay TotalEnergies nearly $1 billion to
Iran reports no progress in US talks Iran's foreign minister stated that contact with the US has not been severed. The two sides are studying exchanged texts. Oil prices rose 10% this week due to the lack of progress in negotiations.
Negotiations fail to advance as Lebanon demands ceasefire before discussions, delaying potential security talks at the Pentagon. Lebanon and Israel made no progress in Washington negotiations, skipping a planned joint declaration of intent. A Lebanese source said the deleg
Rising US Treasury yields and a stronger dollar reflect investor caution amid Middle East tensions and semiconductor supply concerns. US Treasury yields climbed, with the 10-year note trading near 4.50% and the two-year yield at 4.088%. The moves follow mixed geopolitical
Crypto industry influence shapes Democratic primary as Chris Larsen-backed Scott Wiener advances with $10 million in funding. A candidate backed by Ripple co-founder Chris Larsen defeated Stripe founding engineer Saikat Chakrabarti in California’s 11th Congressional Distri
Britain’s fiscal watchdog warns borrowing will rise sharply due to escalating energy costs from the Iran conflict. The UK Office for Budget Responsibility (OBR) revised its borrowing forecasts upward, citing heightened energy price risks from the Iran war. The agency ackno
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