Rallies to $98 as Trump aims to blockade Hormuz

Rallies to  as Trump aims to blockade Hormuz

West Texas Intermediate (WTI), futures on NYMEX, trade 7.6% higher to near $98.00 during the Asian trading session on Monday. The oil price rises after a warning from United States (US) President Donald Trump, through a post on Truth.Social, that he has instructed the navy to blockade “any or all ships trying to enter or […]

NZD/USD stays weak above 0.5800 as Hormuz risks and oil rally lift USD

NZD/USD stays weak above 0.5800 as Hormuz risks and oil rally lift USD

The NZD/USD pair opens with a bearish gap at the start of a new trading week in reaction to failed US-Iran peace talks over the weekend and trades around the 0.5800 mark during the Asian session. High-level negotiations between the US and Iran ended without a breakthrough, despite nearly 21 hours of intense discussions mediated […]