Oil Surges Toward $100 as Iran Tensions Escalate Brent crude reached a seven-week high near $99 a barrel this week, while West Texas Intermediate climbed above $92. The rally follows Iran’s announcement that it plans to declare a maritime “exclusion zone” around the Strait of Hormuz, warning it will stop ships attempting to pass without ...
Federal Reserve Chairman Kevin Warsh has begun his highly anticipated address at the Jackson Hole symposium in Jackson Hole, Wyoming. In his first speech as…
10-Year Treasury Yield Hits 5%: Borrowing Costs Surge to Highest Level Since 2007 The 10-year U.S. Treasury yield climbed to 5% on Monday, reaching a critical threshold briefly touched in 2023 and otherwise unseen since 2007. This move in the key benchmark signals higher borrowing costs for Americans seeking mortgages, auto loans, and other credit. ...