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Futures Slide But Off Session Lows As Oil Spikes Above $100 Ahead Of Trump's 10am Hormuz Blockade
Futures Slide But Off Session Lows As Oil Spikes Above $100 Ahead Of Trump's 10am Hormuz Blockade
Stock futures are lower, but off their worst levels of the session, as Brent crude surged 7% to over $102 after Trump ordered a blockade of the Strait of Hormuz to take place at 10am ET. The moves look relatively contained given the breakdown of US-Iran talks, with strategists saying this is a moment to buy the dip. Goldman Sachs is kicking off the earnings season shortly with earnings that missed on FICC revenue, sending the stock...
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Authored by Andrew Korybko,
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White House Signed Off on Pakistani PM Statement that Said Ceasefire Covered All Warring Parties
On Tuesday, Pakistani Prime Minister Shehbaz Sharif said that Islamabad was making progress in mediating a ceasefire between Washington and Tehran. The White House approved Sharif’s statement before it was posted, and it explained the truce would cover all warring parties. The New York Times reported on Thursday that Washington reviewed and approved Sharif’s statement […]
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