Oil tumbles more than 10% as Iran declares Strait of Hormuz open

Oil tumbles more than 10% as Iran declares Strait of Hormuz open

A view reveals oil pump jacks exterior Almetyevsk within the Republic of Tatarstan, Russia June 4, 2023. Alexander Manzyuk | Reuters Oil costs tumbled Friday after Iranian Foreign Minister Seyed Abbas Araghchi declared the Strait of Hormuz “completely open” throughout the ceasefire between Israel and Lebanon, elevating hopes of easing provide disruptions. Araghchi’s comments on…

Read More
Kospi, Nikkei 225, oil, Hang Seng Index

Kospi, Nikkei 225, oil, Hang Seng Index

Low angle view of tall buildings in Tokyo, Japan, showcasing numerous architectural kinds George Pachantouris | Moment | Getty Images Asia-Pacific markets rallied on Wednesday after U.S. President Donald Trump mentioned he had agreed to droop planned attacks on Iranian infrastructure for 2 weeks. The transfer was “subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE,…

Read More