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IEA Warns Escalation In US-Iran Hostilities Could Upend Oil Surplus Forecast

Despite the tentative recovery of oil flows through the Strait of Hormuz and the first build-up in global stocks since the war began, this week’s re-escalation of the U.S.-Iran hostilities could flip the outlook for an oil market surplus for next year, the International Energy Agency said on Friday.

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Guns Fall Silent As Trump Says US-Iran Talks On Again, But Insists 'In No Uncertain Terms, Ceasefire Is OVER'

The guns have actually been silent in the Middle East overnight, after two days of deadly strikes between the United States and Iran, amid a general return to premarket open headlines of 'peace imminent again' as mediators desperately work to get diplomacy back on track. The White House position is that the ceasefir…

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Futures Flat As Traders Brace For Weekend Iran Escalation

US equity futures are flat on the final trading session of the week, with Tech lagging, as traders hold off on big bets ahead of the weekend, with the fragile truce in the Middle East keeping geopolitical risk front of mind. Overnight, the US said Iran talks will continue, a positive step amid the recent escalation …

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