Dossier
Ewa Manthey
Coverage of Ewa Manthey in the Nexus archive.
- Wall Street inches higher while oil prices fall on optimism over talks of Iran ceasefire extension
Wall Street rose slightly while oil prices fell on optimism about a tentative U.S.-Iran ceasefire extension. Stock futures for the S&P 500 and Dow Jones increased, Dell Technologies surged 33% on strong earnings and a Pentagon contract, and Gap dropped 15% after revising sales guidance. A potential 60-day ceasefire extension and reopening of the Strait of Hormuz are under discussion.
- Oil prices hit highest level since Iran war's start
Oil prices reached a peak since the Iran war began, with Brent crude surpassing $126 per barrel before retreating. Rising prices are linked to supply disruptions in the Strait of Hormuz and potential military escalation, while U.S. gasoline prices climbed to $4.30 per gallon.