WTI crude fell more than 2% on Monday, 24 August, as market participants took profits amid expectations that the US could announce a new round of sanctions against Iran. Additional pressure came from a warning by the Iranian authority responsible for the Persian Gulf and Strait of Hormuz, which said vessels violating transit rules could […]
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What Is the Jackson Hole Symposium? Every August, some of the world’s most important central bankers, economists and policymakers meet in Jackson Hole, Wyoming, for the Jackson Hole Economic Policy Symposium. Organized by the Federal Read more…
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Markets US Treasury Secretary Bessent stopped short of announcing so-called secondary sanctions against Iran’s trading partners and its financial institutions in particular in yesterday’s closely watched presser. He issued a final warning instead. He did Read more…