Oil prices fall as Strait of Hormuz reopening hopes rise

Iran's strategic use of the Strait of Hormuz could reshape global shipping economics, impacting energy markets and digital assets. The post Iran positions Strait of Hormuz as leverage in US talks, says official appeared first on Crypto Briefing.

Global economic stability is threatened as energy supply vulnerabilities highlight the impact of geopolitical tensions on trade routes. The post Oil prices could hit $160 per barrel amid Strait of Hormuz disruptions appeared first on Crypto Briefing.

The post Oil: Supply surge weighs on prices – DBS appeared on BitcoinEthereumNews.com. DBS Group Research’s Philip Wee notes that Brent and WTI have fallen sharply, as markets anticipate abundant supply from the Gulf. US Treasury Secretary Scott Bessent expects Oil prices to fall below pre-conflict levels, while ongoing negotiations with Iran and the status of the Strait of Hormuz remain key uncertainties for energy markets. Brent and WTI extend declines “Crude oil prices continued to decline, falling farther below USD 100 per barrel.” “US Treasury Secretary Scott Bessent expects oil prices to be lower than pre-conflict levels.” “The oil market will be very well supplied, with almost 2,000 ships waiting to come out of the Gulf.” “Even if headline energy prices cool, the secondary damage to global logistics from the months-long closure of Hormuz has started to filter into intermediate goods.” (This article was created with the help of an Artificial Intelligence tool and reviewed by an e

Iran controls Strait of Hormuz traffic, affecting oil trade. Normal traffic by June 15 at 9.5% YES; 20 ships transiting by May 31 at 13.5% YES. The post Iran manages Strait of Hormuz traffic, impacting global oil trade appeared first on Crypto Briefing.

AI's capital demands are driving interest rates higher, reshaping global markets and investment strategies. The post Gita Gopinath: AI’s capital demands are driving up global interest rates, public debt is reshaping bond yields, and rising oil prices could trigger demand destruction | Odd Lots appeared first on Crypto Briefing.

Emerging markets face increased economic strain and potential capital flight, impacting global risk appetite and boosting crypto interest. The post Indonesia and India intervene to support weakening currencies as oil prices surge appeared first on Crypto Briefing.

Crypto markets found support on Friday after reports suggested the United States and Iran were close to extending their ceasefire and reopening shipping routes through the Strait of Hormuz. According to data from CoinGecko, the total cryptocurrency market capitalization held…

The post Forex Today: Yet to be confirmed US-Iran MOU caps US Dollar’s upside appeared on BitcoinEthereumNews.com. Here is what you need to know on Friday, May 29: The US Dollar (USD) weakened against its major rivals in the second half of the day on Thursday as markets turned optimistic about the United States (US) and Iran reaching a deal to extend the ceasefire and open the Strait of Hormuz. Early Friday, the USD Index holds steady at around 99.00 and US stock index futures trade marginally higher on the day. The economic calendar will feature preliminary May Consumer Price Index (CPI) data from Germany and first-quarter Gross Domestic Product (GDP) growth data from Canada. During the American trading hours, several Federal Reserve (Fed) policymakers will be delivering speeches as well. US Dollar Price This week The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the strongest against the Japanese Yen. USD EUR GBP J