$105 Oil Is Quietly Engineering Its Own Demise
Oil tops $105 as the Iran conflict tightens markets. JPMorgan abandons base-case models, signaling accelerated EV adoption ahead.
Economy · News reference
Meet the New Boss, Same as The Old Boss’: James Thorne Says Kevin Warsh Failed His First Fed Test After Rate Hike, Warns Another Increase in October
James Thorne said Fed Chair Kevin Warsh failed the test, as Wednesday's rate hike shows no real policy change.
Reference Details
Connected Markets
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
- Source
- benzinga
- Observed
- Checked
- Cadence
- Captured once, then retained as an archive reference
- Status
- fresh
Keep reading
Related Headlines
Oil is trading lower amid multiple catalysts, including reports suggesting that China has requested Iranian pressure on Houthi rebels to limit their conflict with Saudi Arabia. Also, expectations that Saudi Arabia may be able to replace some recently lost export capacity through repairs, ship transfers and foreign storage is pressuring the physical crude price.
Oil is trading lower amid multiple catalysts including reports suggesting Saudi Arabia is offering ship-to-ship transfers for sales, that U.S. officials held talks with Houthi rebels in Oman last weekend, and that Saudi Arabia is trying to restore half of its East-West pipeline capacity within days. Also, API and EIA data indicated weekly U.S. crude and distillate inventory growth, further pressuring the oil price.
Trump Weighs 'Big Decision' Amid Iran War as Ex-Counterterrorism Chief Warns 'There Is No Military Solution'
Trump weighs renewed Iran strikes, but Joe Kent urges troop withdrawal and diplomacy amid Strait of Hormuz tensions.
Gavin Newsom Fires Back at Trump, Energy Secretary Over ‘Iran War Blend’ as Gas Prices Remain Elevated: ‘Scapegoating California’
California Governor Gavin Newsom renewed attacks on Trump and Energy Secretary Wright over surging Iran war fuel costs.
Saudi Civil Defense Alerts Of Potential Danger In Jeddah; Alerts Of Potential Danger In Taif; Alerts Of Potential Danger Al-Madinah Province Specifically In The Yanbu Region; Alerts Of Potential Danger In Al-Ula Province; Alerts Of Potential Danger In Khamis Mushait
- Reuters Citing Statement