OIL PRICES EXTENDED GAINS, WITH BRENT CRUDE RISING ABOVE $83 A BARREL AMID UNCERTAINTY OVER A LASTING AGREEMENT TO REOPEN THE STRAIT OF HORMUZ, AS REPORTS THAT IRAN MAY SEEK TO RESTRICT U.S. AND ISRAELI-LINKED SHIPPING KEPT GEOPOLITICAL RISK ELEVATED AND PUSHED THE 10-YEAR U.S. TREASURY YIELD TO 4.68%, REINFORCING EXPECTATIONS THE FED MAY KEEP RATES HIGHER FOR LONGER.

OIL PRICES EXTENDED GAINS, WITH BRENT CRUDE RISING ABOVE $83 A BARREL AMID UNCERTAINTY OVER A LASTING AGREEMENT TO REOPEN THE STRAIT OF HORMUZ, AS REPORTS THAT IRAN MAY SEEK TO RESTRICT U.S. AND ISRAELI-LINKED SHIPPING KEPT GEOPOLITICAL RISK ELEVATED AND PUSHED THE 10-YEAR U.S. TREASURY YIELD TO 4.68%, REINFORCING EXPECTATIONS THE FED MAY KEEP RATES HIGHER FOR LONGER.

Source:https://x.com/FirstSquawk/status/2085522601435332724