Markets

US and Iran exchange fire for the first time in more than a month

Oil prices rise after American military hits an island in the Strait of Hormuz and Tehran retaliates in Jordan

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DW NOTE

The Strait has been effectively shut for six months — only 3 ships passed through on August 23 versus 85 on a normal day. Now the U.S. is hitting Iranian positions inside the chokepoint itself. Oil up 26% since February still prices this as containable. It isn't.

Read the full story at Financial Times →

Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the Strait of Hormuz before the Iran war, according to a senior official at state-owned Kuwait Petroleum Corporation (KPC). Kuwait has managed to ramp u

Gold SWOT: Large asset managers are rebuilding their gold positions following price pullback - KITCO

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US and Iran exchange fire for the first time in more than a month

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Gold SWOT: Large asset managers are rebuilding their gold positions following price pullback - KITCO

Sovereign Debt: The Secret of Gold That Governments Don't Tell - WEEX