New Zealand's Finance Minister says it is unwelcome to see global oil prices rising and expects that oil impacts pump prices domestically
The New Zealand Finance Minister's remarks regarding rising global oil prices suggest concern over inflationary pressures domestically, which could influence consumer sentiment and spending.
IRGC says two tankers were hit near the Strait of Hormuz, and that the Strait of Hormuz is closed, while it also says US radar and defence systems in Bahrain were destroyed
[CALENDAR ADDITION] US President Trump is to meet with Lebanon's President 11:15EDT/16:15BST on Tuesday
New Zealand's Finance Minister says it is unwelcome to see global oil prices rising and expects that oil impacts pump prices domestically
US Energy Secretary Wright says we're going to continue to attack Iran and what we're doing now is ensuring the flow of oil, gas and other products through the Strait of Hormuz with or without Iran's cooperation
PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: Nasdaq 100 futures eke slight gains after finishing marginally higher the prior day, while Asia also attempts to rebound
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This commentary may lead to speculation about potential policy responses, including adjustments to fiscal measures to offset rising costs for consumers. Traders should consider the implications for energy stocks and inflation-linked assets as this situation develops.
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