Oil prices rise while US futures slip on Middle East tension
President Trump warned Iran to speed up diplomatic progress or face total destruction, fueling fears of a military escalation in the Middle East.
Adam Schwartz
Adam Schwartz is a staff writer at P&L, covering markets, economic policy, and the financial system. He previously worked in credit research, analyzing corporate debt, rate cycles, and balance-sheet risk.
China agrees to $17 billion in annual US agricultural purchases
China agreed to purchase at least $17 billion in American agricultural products annually through 2028 in addition to existing soybean commitments.
Global oil supply loss reaches 1 billion barrels amid shrinking stocks
Brent crude rose 3% to $109.26 a barrel as the Strait of Hormuz remains closed following failed diplomatic efforts to restore tanker traffic.
10-year Treasury yield reaches 4.6 percent as energy inflation rises
Long-term Treasury yields reached year-long highs as the 30-year bond crossed 5% while annual inflation surged to 3.8% in April.
Oil hits $109 as Strait of Hormuz closure drains global inventories
Capital Economics warned that Brent crude could reach $140 a barrel next month if inventory depletion rates continue at their current pace.
Trump warning to Iran sends Brent crude prices above $110
Brent crude climbed above $110 a barrel after President Trump warned Iran that the clock is ticking on a peace deal.
Economy Watch
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Brent crude rises to $109 as global oil inventories drop at record pace
Brent crude futures reached $109.26 a barrel as failed diplomatic efforts to reopen the Strait of Hormuz triggered a record drop in global oil inventories.
Benchmark yields jump as Brent crude climbs above $110 per barrel
The 10-year Treasury yield climbed near 4.6% as energy costs and Middle East conflict fueled a sell-off in long-term government debt.
Market Pulse
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MSCI Emerging Markets Index rises 22 percent on East Asian chip rally
The MSCI Emerging Markets Index climbed 22.2% in 2026 through Thursday, outperforming the S&P 500 behind heavy concentrations in South Korean and Taiwanese semiconductor hubs.
Global oil inventories drop toward critical 800 million barrel floor
The closure of the Strait of Hormuz reduced monthly oil tanker traffic from 1,500 vessels to 180 in April, removing 12% of global oil consumption from the market.