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Posted 3 hours ago
Oil surges on U.S.-Iran tensions; USD repricing live
U.S. and Iran exchanged fresh strikes, pushing Brent above $83/bbl and WTI up 9%, rekindling inflation fears. Rising oil prices and Fed Governor Waller's hawkish remarks triggered 50% odds of a July rate hike, lifting 10Y Treasury to 4.61%. USD rallies as rate-path repricing accelerates ahead of Tuesday's CPI print.
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58 minutes ago
Oil surges nearly 10% on Strait of Hormuz disruption fears
Oil prices jumped nearly 10%—the largest single-day gain since 2020—as markets price in prolonged shipping disruptions through the Strait of Hormuz amid renewed U.S.-Iran tensions and a reimposed U.S. blockade on Iranian shipping. Higher energy costs typically weaken risk currencies and boost the USD; traders should monitor commodity-linked pairs (USD/CAD, AUD/USD, NOK/USD) for volatility.
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