newsmart Logo
newsmart
newsmart
reset filter
Filter
koreatimes.co.kr | 3 hrs. 43 min. ago

Yield on 10-year US Treasury note at 5% for 1st time since 2023

#Analyst #artificial intelligence #Barrel #bond #Boom #budget #budget deficit #crude #Export #Federal Reserve #Inflation #interest rate #Interest Rates #Iran #market #oil #oil price #Saudi Arabia #Yemen #yield

NEW YORK — The yield on the 10-year U.S. Treasury note hit five percent Monday as oil prices rose further amid a Middle East war that has exacerbated the inflation outlook. Near 1430 GMT, the yield stood at 5.01 percent, its highest level since October 2023. The move in the bond market came as oil prices advanced about four percent after Saudi Arabia shut its East-West pipeline — a key export route with Iran's effective closure of the Strait of Hormuz — following drone attacks by Yemen's Houthis. The rise in oil prices, which means both major crude contracts now stand above $100 a barrel, has contributed to expectations that the Federal Reserve will lift interest rates on Wednesday to counter inflation. The yield on the 30-year U.S. Treasury bond is currently at its highest level in nearly 20 years. Besides higher oil prices, analysts have pointed to the U.S. budget deficit and the artificial intelligence boom as factors that have flooded the bond market, pushing rates higher.

al-monitor.com | 10 hrs. 59 min. ago

Yemen's Houthis push deeper into Red Sea, capture 2 islands: What to know

#Export #Iran #Island #oil #R #Saudi Arabia #sea #Yemen

Yemen’s Iran-backed Houthis have captured two strategic islands in the southern Red Sea, expanding their foothold in the waterway as Saudi Arabia faces growing pressure on its oil export routes. 

ft.com | 16 hrs. 19 min. ago

Oil hits $108 after Saudi Arabia closes vital export pipeline

#Export #oil #Regional #Saudi Arabia

Riyadh pulls out of regional talks to de-escalate hostilities over Strait of Hormuz in wake of drone attack last week

livemint.com | 18 hrs. 37 min. ago

Saudi-Houthis clash: Traders expect Riyadh to run out of oil stocks soon if work on east-west pipeline doesn't resume

#Export #market #oil #R #Saudi Arabia #sea #stock #stocks

Saudi Arabia faces the risk of exhausting oil stocks for exports within days if its key East-West pipeline to the Red Sea remains shut. The disruption could remove up to four per cent of global oil supply, adding pressure to already strained markets

koreatimes.co.kr | 21 hrs. 37 min. ago

Oil prices jump more than $3 after new strikes on Saudi, Strait of Hormuz

#Barrel #crude #Export #Futures #Iran #Iraq #Killed #market #media #oil #oil price #Saudi Arabia #strike

BEIJING — Oil prices rose more than $3 a barrel at the market open on Monday, after new strikes on Saudi Arabia and on ships in the Gulf on Sunday. Brent crude futures rose $3.62, or 3.46 percent, to $108.23 per barrel as of 2214 GMT (Sunday). WTI futures rose $3.15, or 3.15 percent, to $103.20 per barrel. Saudi Arabian state media on Sunday released video footage of damage to homes and a mosque from what it said was a Houthi attack on the country's southern Jazan province. The Houthis said they had also struck a Saudi military base in a neighbouring province. A vessel in the Strait of Hormuz was struck by a projectile, causing a fire and forcing the crew to be evacuated, the British maritime security agency UKMTO said on Sunday. Iran said one person was killed and four crew wounded aboard an Iranian commercial vessel struck off its coast. Oil prices had been expected to rise on Monday amid growing concerns about risks to supply from Saudi Arabia, the world's largest oil exporter, whose East-West oil pipeline was shut last week by a drone strike that originated in Iraq. "Looking ahead, u

theguardian.com | 23 hrs. 43 min. ago

Satellite images show extent of damage to major Saudi pipeline, amid global oil supply fears

#Export #loss #oil #R #Saudi Arabia #sea #stock #stocks

Saudis yet to provide details about damage from drone attack to key east-west pipeline to Red Sea that could affect 4% of global oil supplySaudi Arabia will run out of oil ⁠stocks for export if it ⁠doesn’t restart a drone-damaged major ​pipeline to the Red Sea within days, leading to the loss of up to 4% of global supply, Saudi oil buyers and traders said.Satellite photos released on Sunday night appeared to show a pumping station on the key 1,200km (745-mile) Saudi east-west pipeline charred and badly damaged, after drone attacks on Friday. Continue reading...

koreatimes.co.kr | 1 days ago

New attacks in Hormuz, Saudi test nerves as war's spread worsens oil disruption

#energy #Export #Iran #Killed #market #media #oil #Saudi Arabia #Spread #strike #Yemen

ADEN/DUBAI — New strikes on Saudi Arabia and on ships in the Gulf tested nerves in the Middle East on Sunday, after an attack on a Saudi oil pipeline and an advance by Yemen's Houthis threatened to worsen the wartime disruption to global energy supplies. Oil traders were expecting prices to rise again when markets reopen on Monday, following the weekend developments that jeopardise supplies from the world's biggest exporter, Saudi Arabia. The British maritime security agency UKMTO said on Sunday that a vessel had been struck by a projectile as it moved through the Strait of Hormuz, causing a fire and forcing the crew to be evacuated. Iran, for its part, said one person was killed and four crew wounded aboard an Iranian commercial vessel struck off its coast. In Saudi Arabia, state media released video of damage to homes and a mosque from the purported latest cross-border attack by the Houthis, in Jazan province in the south. The Houthis claimed separately to have struck a Saudi military base in a neighbouring province. Southern Saudi cities have experienced regular alerts since last we

al-monitor.com | 1 days ago

Analysis-Houthis' Yemen advance leaves Gulf states with uncomfortable choice

#Export #Gulf states #Iran #oil #Power #R #Saudi Arabia #sea #Shipping #Yemen

By Samia NakhoulANKARA, Sept 13 (Reuters) - The Houthi capture of Yemen's Red Sea coastline is reshaping the balance of power in the Gulf, strengthening Iran's hand and confronting Saudi Arabia and its neighbours with a difficult choice: absorb mounting costs or seek accommodation with Tehran.By securing a position overlooking Bab el-Mandeb, one of the world's most important shipping arteries, the Iran-aligned group has opened a second pressure point, threatening the Saudi oil exports diverted from the Strait of Hormuz.

Comments
Loading …