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The Fed held rates at 3.5%-3.75% Wednesday as its dot plot flagged a possible 2026 rate hike, sending the S&P 500 down 1.21%. Kospi closed above...
Brent fell below $80 on the US-Iran peace deal. But Cushing sits near its 20-million-barrel operational floor and the IEA's 400-million-barrel release is largely spent.
Oil fell Thursday after Trump and Iran's president signed a deal to reopen Hormuz, while the IEA warned 2027 could bring a 5 million barrel-per-day overhang.
US producer prices rose 6.5% in May, the largest yearly jump since November 2022, as Iran war energy costs feed the Fed's preferred inflation gauge.