Hormuz security risks support prices – BNY

Hormuz security risks support prices – BNY

Geoff Yu reports that a Qatari LNG carrier was struck near the Strait of Hormuz, reviving security concerns and lifting European gas prices and Brent, WTI, Omani and Dubai crude benchmarks. He notes fragmented shipping routes, heightened shipowner anxiety, and warns that the incident pressures already fragile U.S.–Iran peace discussions and Qatar’s LNG export plans. […]

RBNZ hike seen but path questioned – Commerzbank

RBNZ hike seen but path questioned – Commerzbank

Volkmar Baur at Commerzbank expects the Reserve Bank of New Zealand (RBNZ) to raise rates at its July meeting to reinforce its inflation-fighting credentials, which should initially support the New Zealand Dollar (NZD). However, he argues that current market pricing of about 3.5 hikes over 12 months is excessive, and the eventual repricing of this […]