$TRUMP
🇮🇷🇺🇸 The Iran war is starting to reach somewhere much bigger than the oil market:
The Federal Reserve.
Brent is back above $106 a barrel and up roughly 17% this month.
Diesel has already blown through record highs.
And markets are now pricing roughly a 65% chance that the Fed hikes rates again in October.
That's quite a chain reaction.
War disrupts energy supplies. Oil and diesel rise. Inflation expectations climb. Bond yields move higher. The dollar strengthens.
And suddenly the world's most important central bank is being pushed toward another rate hike.
The Iran war started with missiles and all kinds of ships in the Middle East.
Its next battlefield may be the price of money literally everywhere.
Source: Reuters, CNBC
#OilMarket #Irannews #worldnews #USGovernment
🇮🇷🇺🇸 The Iran war is starting to reach somewhere much bigger than the oil market:
The Federal Reserve.
Brent is back above $106 a barrel and up roughly 17% this month.
Diesel has already blown through record highs.
And markets are now pricing roughly a 65% chance that the Fed hikes rates again in October.
That's quite a chain reaction.
War disrupts energy supplies. Oil and diesel rise. Inflation expectations climb. Bond yields move higher. The dollar strengthens.
And suddenly the world's most important central bank is being pushed toward another rate hike.
The Iran war started with missiles and all kinds of ships in the Middle East.
Its next battlefield may be the price of money literally everywhere.
Source: Reuters, CNBC
#OilMarket #Irannews #worldnews #USGovernment
