Oil prices surge after Trump rejects Iran’s plan to reopen Strait of Hormuz
Brent crude rises more than 3 percent to top $107 a barrel as Washington dismisses Tehran's proposal to end war.
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Brent crude rises more than 3 percent to top $107 a barrel as Washington dismisses Tehran's proposal to end war.
Stock futures slumped Thursday amid a surge in bond yields and a fresh climb in oil prices, which is dragging down the broader market despite renewed optimism about AI after Meta Platforms Inc.’s rollout of a popular new tool.
Oil headed for the longest losing streak in more than a year, as Saudi Arabia moved to restart a key pipeline and the US flagged progress in talks with Iran to end a war that’s rocked the Middle East since March. Mekala Krishnan, Partner at McKinsey Global Institute spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa about the disruption in the Strait of Hormuz and its impact on oil. (Source: Bloomberg)
Asian stocks were poised to extend their winning streak after chipmakers drove the Nasdaq 100 to its first record since June, while falling oil prices provided a further boost amid hopes for progress toward ending the war with Iran.
Stocks and bonds kicked off the week on a positive note as hopes for diplomatic efforts to end the war in Iran drove oil prices lower, easing inflation anxiety. The advance in equities erased the S&P 500’s decline for the month, with a renewed rally in chipmakers also buoying sentiment. Omar Aguilar, CEO and CIO of Schwab Asset Management, joins for a broad look across asset classes for the rest of 2026. (Source: Bloomberg)
US equity futures are climbing as oil prices slide and as officials signaled optimism about a summit between US President Donald Trump and China’s Xi Jinping this week.
US equity futures fall as leaders of the biggest AI firms propose slowing the technology’s development. China criticizing the warnings saying a Chinese advantage could threaten American national security. Oil prices rising after Saudi Arabia closed a major crude pipeline following attacks. Amy Wu Silverman of RBC Capital Markets joins "Bloomberg Brief" to look ahead to the Fed decision after the inflation report. Bloomberg Contributor Adam Hodge of Bully Pulpit International discusses what to expect from the US midterm elections. (Source: Bloomberg)
Asian stocks and bonds were set for declines after a surge in oil prices sparked a selloff in US markets, while the latest inflation data reinforced bets on an imminent Federal Reserve rate hike.
Brent oil surged toward $100 a barrel after Saudi Arabia halted some energy operations near its border with Yemen due to attacks, highlighting risks to supply from the region. Novartis shares plunge as much as 10%, marking the worst day since 2020, after its del-desiran treatment for a rare muscle-wasting disease failed to meet the primary endpoint in a phase 3 trial. Vontobel said this is another “major pipeline setback.” The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Guy Johnson and Tom Mackenzie. (Source: Bloomberg)