The United States from November will target Iran’s oil exports with sanctions, and Washington is putting pressure on governments and companies around the world to fall in line and cut purchases from Tehran.
oil
Traders Cautious About CPI Data As Weak Rupee, High Oil Prices Sour Outlook
Indeed, traders are increasingly worried that high oil prices and a weakening rupee would force the central bank to raise rates sooner rather than later. The yield on the 10-year bond rose two basis points to 8.18 percent on Tuesday.
Threat of Contagion in Emerging Markets Deepens Commodity Risk – Gold Silver Reports
Gold Silver Reports (GSR) — When Thailand devalued its currency two decades ago, few in global commodity markets took note. Within a year, the crisis morphed into an emerging-market rout that eviscerated the price of everything from crude oil to copper. Fast forward to today and Turkey is presenting a similar challenge. The lira plunged to a record low against the dollar this month, taking local stocks and bonds with it. Commodity markets have failed to react, with even gold unmoved by the chaos. Traders are focused more on Iranian sanctions, South American mine strikes and drought damage to crops, all of which point to higher, not lower, raw-material prices.
Oil And Elections To Impact Markets Going Ahead: Nilesh Shah
Gold Silver Reports (GSR) – Crude Oil And Elections To Impact Markets Going Ahead: Nilesh Shah – Oil and elections will impact markets more than the U.S.-China tariff wars and other international developments, Nilesh Shah of Kotak AMC told BloombergQuint in an interview.
Iran Decision: What’s at Stake for Global Oil Market?
Gold Silver Reports (GSR) – Iran Decision: What’s at Stake for Global Oil Market? – He could still surprise the world by agreeing to stay in the accord as diplomats try to negotiate side agreements to address his concerns, but foreign leaders and analysts say the president is likely to exit. That could result in renewed sanctions on the third-largest crude producer in the Organization of Petroleum Exporting Countries.
Donald Trump Has Decided to Exit Iran Nuclear Deal News By Neal Bhai MFA Technical Analyst
Gold Silver Reports (GSR) – Donald Trump Has Decided to Exit Iran Nuclear Deal News By Neal Bhai MFA Technical Analyst – Trump plans to announce he will reimpose all U.S. sanctions that were waived under the terms of the 2015 nuclear agreement and impose new penalties on the Islamic Republic, according to The New York Times. The paper cited a person briefed on a call between Trump and French President Emmanuel Macron that it didn’t identify.
Crude Oil Slip Before Iran Decision News By Neal Bhai MFA Technical Analyst
Gold Silver Reports (GSR) – Crude Oil Slip Before Iran Decision News By Neal Bhai MFA Technical Analyst — U.S. stocks slumped as utility and telecom shares fell. West Texas crude sank as much as 4.4 percent before paring the loss as a U.S. official said Trump would quit the accord. The greenback strengthened for a third day. Ten-year Treasury yields approached 3 percent after JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon warned a climb to 4 percent may be coming.