Diplomatic standoff between US and Iran deepens after Qatari efforts fail
Qatari mediation made little progress, raising chances of renewed combat. US officials believe Trump may order major operations after midterms.
Qatari mediation made little progress, raising chances of renewed combat. US officials believe Trump may order major operations after midterms.
Senior economist Tracy Shuchart discusses oil market tightening, refining shortages, and implications for BTC and hard assets.
A private survey shows an unexpected crude oil build, contrary to the expected draw.
Silver faces continued downside risk as US-Iran talks remain the key market focus.
Gold paused its slide as US-Iran dialogue revived deal expectations. Traders now await diplomatic outcomes for price catalysts.
State Street sees gold potentially dipping to $4,000 on rate fears but still targets $5,000 within six months.
Tax-exempt red diesel is being considered by the White House to lower fuel prices as an alternative to a diesel export ban.
Crude finished a volatile session modestly higher, with supply fears trumping hopes of a US-Iran breakthrough after Trump dismissed the Hormuz proposal.
Goldman Sachs analysis finds a US diesel export ban would initially lower diesel prices but eventually raise gasoline prices and disrupt global markets.
Oil prices fell on reports of a possible resumption of US-Iran talks focused on an amended version of the seven-day Hormuz proposal.
Middle East conflict drives shipping costs to over a quarter of oil prices, keeping inflation risks alive even if crude stabilizes.
Goldman Sachs says a US diesel export ban would lower American prices by 4% and raise European costs by 2%, while risking higher gasoline prices at home.
Gold slid below $4,230 after a support shelf built from Sept 24-25 lows and repeatedly tested gave way; the hourly close was $4,230.84.
Gold slipped on Monday as oil prices held gains due to the Strait of Hormuz standoff and higher inflation expectations, offsetting safe-haven demand.
Iran holds diplomatic line amid unverified Hormuz missile strike, Trump rejects offer but sees further talks. Saudi Arabia faces widening threat from Houthiβ¦