Trump said his blockade would cause Iran's oil industry to 'explode' this week. Why that won't happen
The U.S. and Iran are locked in a standoff that will only break when one side decides it can no longer tolerate the pain. Who will move is unclear.
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The U.S. and Iran are locked in a standoff that will only break when one side decides it can no longer tolerate the pain. Who will move is unclear.
Futures rose with Google, Amazon and Caterpillar big earnings winners, though Meta tumbled. Oil prices reversed lower from overnight gains.
Concern over water access are poised to consume summer in the US, as crises in Corpus Christi and across the Colorado River threaten to boil over.
Bitcoin faces profit-taking pressure near $80,000, backed up by a U.S. inflation report that comes as high oil prices and rising bond yields weigh on risk asset

Bitcoin price action remained weak as the US-Iran war delivered a Fed meeting that was the "most hawkish in years" and oil neared four-year highs.
Iran warned President Trump's naval blockade was “doomed to fail” as oil prices soared to their highest point in years with the standoff over the Strait of Horm
Oil futures tumbled in the early hours of Thursday, reversing direction after reaching a four-year high on a report that President Donald Trump is considering e

Morning Bid: Oil fear shrouds tech splurge
Brent crude surged to its highest levels since early 2022, before paring gains, as the Middle East conflict chokes supplies.
Wall Street is already looking beyond Big Tech quarterly results.
Stocks looked set to fall on Thursday as investors tried to make sense of a deluge of Big Tech earnings and a sudden jump in oil prices. S&P 500 futures slid 0.
Futures tied to major U. S. indices traded in mixed fashion as investors processed a wave of catalysts, including big tech earnings, a renewed surge in Brent cr
Futures rose with Google, Amazon and Caterpillar big earnings winners, though Meta tumbled. Oil prices erased overnight gains.
State-owned China National Petroleum Corporation (CNPC), the biggest oil and gas firm in the country, pledged to make “every effort” to ensure sufficient domest
The longer the disruption to Middle East fuel supplies lasts, the risk grows that higher energy costs will feed into broader inflation that could dent economic
Axios reported that US Central Command has prepared a plan for a wave of "short and powerful" strikes on Iran.
Oil jumps on report President Donald Trump will be briefed later on Thursday on plans to strike Iran

Global oil price hits 4-year high on concern of US-Iran war escalation

Euro zone inflation soars further above ECB target on oil prices
The major gauges were pulled up by tech stocks, down by other industries as Mag 7 earnings dominate headlines.