While the prices of jet fuel showed some modest signs of improvement at the start of the month, the difficult situation set off by the U.S.-Israeli strike on Iran has already dealt the final blow Read more…
Three months into the Iran War, vessel traffic through the Strait of Hormuz is still running more than 90% below normal levels. Base chemicals have risen faster than at any point on record. Asian petrochemical Read more…
Just as investors were becoming comfortable with the idea of a US-Iran agreement, oil markets received a sharp reminder of how fragile that assumption remains. Reports from Iran’s state-affiliated Tasnim news agency indicated that Tehran Read more…
Markets Weekend comments by ECB members added to the June rate hike case which is now almost fully discounted (95% probability) as negotiations on an interim deal between Iran and the US drag on. Bulgarian Read more…
US manufacturing activity accelerated in May, with ISM Manufacturing PMI rising from 52.7 to 54.0, well above expectations of 52.6 and marking its highest level since May 2022. The report points to a broadening recovery Read more…
I remember the moment clearly. I was in the Nike store at the Orlando International Premium Outlets on the tail-end of a vacation that took us down the Eastern seaboard by car, stopping in cities Read more…
Brent oil price rose around 2% in early Monday trading (on track for the first daily gain after being eight days in red), following fresh escalation in the Middle East (escalation in Lebanon and fresh Read more…
USDJPY has returned to the area of previous interventions. The ECB is moving towards a rate hike in June. The US dollar retreated on Friday amid new record highs for stock indices and rumours of Read more…
Medicare premiums increase each year. Those recipients whose income exceeds certain thresholds may see their premiums move even higher due to the IRMAA surcharge. IRMAA stands for Income Related Monthly Adjustment Amount, according to the Read more…
For a market supposedly obsessed with geopolitics, investors appear remarkably calm. The proposed US-Iran agreement remains unsigned, key details are still unresolved, and military exchanges between the two sides continue. Yet financial markets are behaving Read more…