Oil slides, stocks rise as markets bet on Hormuz breakthrough
XPO’s SWOT analysis: stock gains momentum in LTL market
Trump had said an agreement with Iran to open the Strait of Hormuz, among other issues, was largely negotiated and would be announced soon.
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The European Central Bank is set to lift its inflation outlook when policymakers meet next month, according to President Christine Lagarde.
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Oil dropped as the US and Iran edged toward a deal, although President Donald Trump said that Washington’s blockade of the Strait of Hormuz would remain until an agreement was completed.
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Oil and the dollar fell while US stock futures climbed as risk appetite improved on hopes that a deal to reopen the Strait of Hormuz and restore crude flows could be close.
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European natural gas dropped during early trading in Asia on optimism that the US and Iran are closing in on a deal that would reopen the Strait of Hormuz.
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Gold rose as signs that the US and Iran were closing in on a deal that would reopen the Strait of Hormuz tempered inflation concerns.
A developer has submitted plans to build a three-story apartment building on the South Hill on South Freya Street.
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