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Iran Warns of Regional Oil Blockade Amid Escalating Conflict

  The war has shut the Strait of Hormuz, leaving tankers unable to sail for more than a week and forcing producers to halt pumping as storage facilities fill. Iran has issued a stark warning that it will block all oil exports from the Middle East if U.S. and Israeli attacks continue, marking a sharp escalation in an already volatile regional conflict. The Islamic Revolutionary Guard Corps (IRGC) declared it would not allow “one litre of oil” to leave the region under ongoing military pressure, a move that could severely disrupt global energy markets.  The threat comes as the Strait of Hormuz—one of the world’s most critical oil chokepoints—faces shutdown conditions, leaving tankers stranded and producers halting output as storage fills. Global oil prices initially surged past $100 per barrel before retreating amid mixed signals from U.S. President Donald Trump, who warned Iran of massive retaliation while predicting a swift end to the conflict.  The heightened tensions...
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Wall Street gains as Treasury market stabilizes, US government averts shutdown

 

On Friday, Wall Street saw gains as the Treasury market stabilized and the US government averted a shutdown. The S&P 500 index rose by 0.88% to 4,780.94 points, while the Dow Jones Industrial Average gained 0.54% to 37,468.61 points. The Nasdaq 100 index also rose by 1.47% to 16,982.29 points.

The US government avoided a partial shutdown, which helped stabilize the Treasury market. The yield on the 10-year Treasury steadied at 4.14%.

This is good news for investors, as the stock market continues to recoup the week’s earlier losses. The gains are expected to continue as companies continue to turn in better profits for the summer than expected.


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