EIA data showed a larger-than-expected crude inventory draw of 4.45M barrels. Crude oil rebounded from $88.97 to $90.05, but remains down on the day.
Coinbase co-founder Fred Ehrsam reportedly seeks control of three Venezuelan oil fields amid US contract reshuffle.
Fed Chair Warsh's hawkish tone pushed September rate hike probability to 57%, while Nvidia earnings provided temporary support.
US dollar mixed vs yen, euro, pound. RBNZ hikes to 2.75%, BOC seen holding. Oil steady near $89.50 amid US-Iran tensions.
The IRGC claimed two more oil tankers were stopped by mines in the Strait of Hormuz, and Brent and WTI are up 7% and 8% on the week.
Asian markets tumbled as US airstrikes on Iran boosted oil to a five-week high and triggered a global bond selloff, with KOSPI down 3%.
Oil hit a near six-week high as US-Iran fighting continued. Central banks in Japan, New Zealand and Australia signaled more tightening.
Asian stocks fell sharply as US-Iran fighting lifted oil and bond yields to multi-year highs.
Wall Street falls for third day as Iran strikes, Fed hawkishness, and political risk roil markets. Bitcoin briefly dips below $77,000.
Trump denies urgency for Iran talks, says US pressure is working and the Strait of Hormuz is under control.
US struck two Iranian tankers under new tanker-for-tanker policy to deter Hormuz attacks. About 100 targets hit; Iran's retaliation largely intercepted.
US Central Command said its forces struck Iranian Revolutionary Guard air defence and naval sites on Sept 1 after an attempted mine-laying in the Strait ofโฆ
UBS's short-duration bond strategy is tested as yields surge on oil and geopolitical risks. The bank sticks to its stance despite market pricing rate hikes.
Bitcoin fell over 2% to $77,363 on Tuesday as US-Iran attacks pushed investors into risk-off mode.
The dollar rose across the board, Treasury yields increased, and stocks fell as renewed US-Iran fighting pushed crude above $90, adding to inflation concerns.