geopolitics

European natural gas prices fluctuated as fresh hostilities between the US and Iran threaten a recovery of flows through the Strait of Hormuz.

The Iran War threatened a food crisis. The next Gulf conflict could do the same. Reuters

S&P 500 Index futures climb 0.2% as of 7:43 a.m. in New York. The US military struck Iran for a second day and Tehran retaliated against American allies in the Persian Gulf.

Oman told the United Nations’ shipping agency that it doesn’t support imposing transit fees in the Strait of Hormuz, an approach which might set the sultanate at odds with Iran, which is pushing to charge passing freighters for navigation.

Tehran is still losing the long game.

Gold drifts lower after Trump says deal with Iran is 'over' Reuters

Giuliani defends White house handling of Iran at World Cup Reuters

Temasek International CIO Rohit Sipahimalani discusses investment opportunities and warns that a surge in US capital spending could create risks for markets in a wide-ranging interview with Bloomberg's Haslinda Amin. (Source: Bloomberg)

Fuel price surge triggered by conflict brings pain for consumers but profit gusher for US groups

The US military struck Iran for the second straight day, an escalation of violence that threatens efforts to reach a permanent peace deal. Bloomberg's Abeer Abu Omar reports. (Source: Bloomberg)