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Stocks Drop, Oil Jumps as Iran Hormuz Deadline Expires Monday
Brent crude rose 0.2% to $91.06 a barrel as the truce ended, while the US 10-year Treasury yield climbed to 4.728%.
- On Tuesday, August 18, the US-Iran truce expired, prompting Tehran to shift to a "fully offensive" military posture as oil prices crept higher and bond yields rose.
- The shaky 60-day truce between the US and Iran ended without the usual "soothing words" from President Trump regarding an imminent resolution, ING analysts noted.
- Brent crude futures climbed to roughly $91 a barrel as supply concerns intensified, while the 30-year Treasury yield closed at a fresh 19-year high of 5.31%.
- Westpac analysts reported markets adopted a "generally risk-off tone" as Trump reaffirmed he would not extend the truce with Iran, complicating investor sentiment.
- Iran has intensified its hardline approach in recent weeks, striking tankers in the Strait of Hormuz, following Trump's threat to bomb Oman if it "gets in the way" of US peace efforts.
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16 Articles
16 Articles
Indian shares dip as oil tops $91, US-Iran ceasefire expires
·London, United Kingdom
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Channel News Asia+2 Reposted by 2 other sources
Bond yields jump, oil extends gains as US-Iran ceasefire expires
SINGAPORE: Bond yields climbed on Tuesday (Aug 18) to their highest in decades, with oil prices rising for a third day, while stocks gave up early gains in Asian trade as a US-Iran truce expired and T
·Singapore, Singapore
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Oil prices climb, bond yields rise as US-Iran ceasefire expires
By Gregor Stuart Hunter SINGAPORE, Aug 18 (Reuters) - Oil prices crept higher and bond yields rose, blunting paltry gains for stocks at the start of Asian trading on Tuesday as a U.S.-Iran truce expired and Tehran said it would shift to a "fully offen...
Coverage Details
Total News Sources16
Leaning Left1Leaning Right3Center7Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
C 64%
R 27%
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