Oil market starts pricing in a prolonged Hormuz crisis - Reuters
Source: Reuters
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DW NOTE
The Hormuz closure is in month six. Oil down 25% from peak. If markets were actually pricing in prolonged disruption, WTI wouldn't be trading 40% below 2022 highs while 2,000 ships sit stranded and global supply is down 4.3 million barrels per day. This is repricing pessimism, not pricing in crisis.
World Bank sees a major risk in Zimbabwe’s currency plan - Townpress Newspaper
The United States has imposed sanctions on a Turkish investment bank and two subsidiaries, accusing them of helping Iran move oil revenue and providing access to the international financial system as Washington intensifies its campaign to squeeze Tehran. The US Treasury Department on September 4 des
Gold Is Only Insurance If You Can Reach It! -Vince Lanci - SilverTrade
‘Synchronised build-up of physical, futures, and options exposure’ to drive gold price higher - Société Générale - KITCO