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18:22
U.S. natural gas futures prices extend gains to 5%
Supported by the relatively small increase in inventory and expectations that the weather will gradually warm up, the price of the futures contract is expected to reach its highest closing level since February.
18:19
According to market sources, some U.S. officials disclosed that since reaching a ceasefire agreement with Iran on April 8, approximately 1,000 vessels of various types have successfully passed through the Strait of Hormuz.
As one of the world’s busiest oil shipping routes, the navigation situation in the Strait of Hormuz has always been closely linked to the stability of global energy supply. The orderly resumption of passage through the Strait following this ceasefire provides important guarantees for regional trade and the security of energy transportation.
18:11
Besenet used the same inflation language that previously caused trouble for former Yellen.
"Aside from inflation—I believe this is just a short-term fluctuation—economic data is very strong," Besant said. This is the latest instance of this Treasury official characterizing the surge in prices since the outbreak of the Iran war as a "one-off shock."
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