Oil Jumps, Stocks Dump As Peace Talks Fail, Hormuz Blockade Looms
Oil Jumps, Stocks Dump As Peace Talks Fail, Hormuz Blockade Looms Before the 'official' futures markets opened, the risk-off tone (due to the failed peace talks and Trump's threat to blockade Iranian vessels) was very evident in FX and crypto markets. Even given the usual caveats about thin liquidity, AUD/USD is down around 1%, a classic growth-sensitive barometer flashing warning signs, while EUR/USD is weaker by roughly 0.5%. The moves point to a softer tone for risk assets an...
Original Source
Read the full article at Zerohedge →KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.