News

Investing.com -- Oman has informed European officials that returning to pre-war conditions at the Strait of Hormuz is not possible and that ships passing through the waterway may face charges, according to a report Friday from Bloomberg News, citing people familiar with the discussions.

Investing.com -- A cargo ship was struck by an unknown projectile in the Strait of Hormuz on Thursday, according to UK Maritime Trade Operations. The vessel sustained damage to its bridge southeast of Dahit, Oman, with no casualties or environmental impact reported.

Investing.com -- Iran is working to generate $40 billion annually by charging fees for security, safety and environmental services in the Strait of Hormuz, according to a report from the Wall Street Journal, citing officials familiar with the matter. The Islamic Republic blocked the waterway at the beginning of the war and now seeks to establish control over the global oil transit route.

Investing.com -- Canadian equity markets are trading positively on Thursday after strong corporate earnings breathed new life into the global artificial intelligence trade. The rise follows a downbeat Wednesday session where the benchmark S&P/TSX Composite fell 191.29 points, or 0.55%, to close at 34,736.09, while the S&P/TSX 60 dropped 0.30% to finish at 2,049.68. The S&P/TSX 60 index is up 0.7%, while the S&P/TSX Composite has gained 0.9%, as of 12:22 pm ET. Micron Crushes Expectations on AI D

STZ heads into Q1'27 results, with earnings growth expected, beer momentum in focus and cost pressures posing risks.

Investing.com -- J.P. Morgan reduced its price outlook for Brent crude oil in the second half of 2026 on Wednesday, citing weaker commercial inventory withdrawals and softer oil demand than previously anticipated.

Investing.com -- Hedge funds increased their bearish positions on crude oil last week, with short positions in West Texas Intermediate reaching their highest point in nearly five months as market participants anticipated higher global oil supplies from easing U.S.-Iran tensions.

Investing.com -- OPEC maintained its projection for strong global oil demand growth through 2030 and raised its longer-term outlook on Thursday, pointing to policy changes worldwide that favor oil consumption.

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Investing.com -- Bank of America upgraded ExxonMobil shares to Buy from Neutral, arguing that the stock’s pullback from its highs has left it trading at an attractive valuation regardless of whether a peace deal between the U.S. and Iran materializes.

Investing.com -- The United States and Iran agreed to a preliminary peace deal on Monday according to statements by leaders and other officials of the two countries, potentially ending the military conflict of nearly four months that disrupted global commerce and sent shockwaves through the markets.

Investing.com -- A potential U.S.-Iran peace deal may not deliver the interest rate relief that Treasury markets priced in Thursday, BofA Securities said in a recent note, warning that moderately higher oil prices could push the Federal Reserve toward hikes rather than cuts.

Investing.com -- OPEC crude production fell in May to its lowest level in at least 37 years as a US blockade of Iran and disruptions in the Persian Gulf continued to limit output, according to a Bloomberg survey released Friday.

Investing.com -- The European Union has put forward a proposal for its Aspides naval mission to assume "the primary role" in clearing mines in the Strait of Hormuz "when conditions allow" as part of a Franco-British-led initiative, according to a Reuters report Wednesday citing an internal document dated May 26.

Investing.com -- Federal Reserve Governor Lisa Cook said Wednesday that the central bank should keep short-term interest rates unchanged for now but stands ready to raise them if inflation does not ease as expected.

Investing.com -- The Federal Reserve should shift closer toward hiking interest rates as rising consumer prices become the dominant threat to the economy, according to Citadel Securities.

Investing.com -- US President Donald Trump’s May 13–15 visit to China concluded with a "constructive strategic stability" framework and a commitment to step up communication channels between Washington and Beijing.

Investing.com -- Iran is in discussions with Oman to establish a permanent toll system for maritime traffic passing through the Strait of Hormuz, according to Iran’s ambassador to France, Mohammad Amin-Nejad.

Investing.com - NATO is discussing potential military assistance for ships passing through the blocked Strait of Hormuz if the waterway remains closed by early July, according to a report from Bloomberg News, citing alliance sources.

Inbesting.com -- Canada’s annual inflation rate accelerated less than anticipated in April as underlying price pressures showed signs of cooling. According to data from Statistics Canada, the consumer price index rose 2.8% from a year earlier, marking its fastest pace since May 2024 but falling short of the 3.1% rate economists surveyed by Bloomberg expected. Higher energy prices, particularly for gasoline, served as the primary driver behind the acceleration in the headline figure. Geopolitical

Investing.com -- Global equities are trading at highs even as the Straits of Hormuz remain closed, and the growth-inflation mix deteriorates, a situation Goldman Sachs says is explained primarily by corporate earnings.

Investing.com -- A major liquidation event targeting long orders flushed massive leverage across the digital asset market overnight, forcing Bitcoin down near the $78,000 mark. The world’s leading crypto was trading at $78,030.1 as of 05:51 ET (09:51 GMT).

Investing.com -- Morgan Stanley expects the Federal Reserve to hold interest rates through the rest of 2026 before beginning a gradual easing cycle in 2027, with the bank's mid-year outlook resting on fading tariff passthrough and limited spillover from higher oil prices into core inflation.

Investing.com -- Treasury Secretary Scott Bessent said Thursday he anticipates price pressures will ease soon despite universally negative recent inflation data, predicting one or two more "hot inflation numbers, but then I think we're going to see substantial disinflation."

Investing.com -- Wolfe Research is warning that global central banks could be heading toward a policy split with the Federal Reserve, with the Bank of Japan emerging as the most important variable to watch in the months ahead.

Investing.com -- Venezuela announced Wednesday that it has started a comprehensive process to restructure its sovereign and state oil company debt, following the lifting of U.S. sanctions earlier this year.

Investing.com -- Electric-vehicle maker Polestar said Thursday that rising fuel prices have shifted consumer focus from "range anxiety" to "pump anxiety" as a Middle East crisis drives up global energy costs.

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Investing.com -- Australia's government has outlined a scenario in its annual budget where escalating conflict in Iran could push oil prices to $200 per barrel and trigger a global economic crisis.

Investing.com -- OPEC crude production dropped by 830,000 barrels per day in April to 20.04 million bpd, marking the lowest output in more than 20 years.