News
Pre-New York: Gulf shipping risk keeps oil bid as the Budget, BoC and Fed loom
Pre-New York: Gulf shipping risk keeps oil bid as the Budget, BoC and Fed loom
- Since London: Qatar draft deal for Iran reported, then denied by a senior Iranian official; US military tells ships to avoid unnecessary Hormuz transits; Houthis call for Aden airport evacuation and UKMTO flags suspected piracy in the Gulf of Aden
FO view: Gulf shipping risk keeps oil firm while US yields sit near 5%, so the Fed's tone and any hawkish dissent set the next move for the dollar.
Not investment advice.