"Trump told Axios "the clock is ticking" for Iran and warned if the regime doesn't make a better deal "they are going to get hit much harder." But the clock is also ticking on the oil market. Shortages are worsening, and Wall Street sees an imminent tipping point ahead. JPMorgan predicted that commercial oil inventories in the developed world could "approach operational stress levels" by early June. Capital Economics warned oil stockpiles could reach "critically low levels" by th"
Stock index futures fell as investors faced continued closure of the Strait of Hormuz and rising oil prices. Dow Jones futures declined, while S&P 500 and Nasdaq futures also edged lower. U.S. oil futures rose to $107.26 per barrel and Brent crude increased to $110.50. Gold fell slightly. The U.S. dollar was marginally higher and the 10-year Treasury yield held near 4.597%. Optimism from a U.S.-China summit faded after no breakthrough emerged, contributing to a sharp bond selloff and higher yields, including a 30-year yield reaching 5%. U.S.-Iran talks stalled, keeping the strait shut, and President Trump weighed military options as shortages worsened. JPMorgan and Capital Economics warned inventories could approach operational stress or reach critically low levels by early June.
#oil-markets #strait-of-hormuz #us-iran-tensions #interest-rates-and-treasuries #stock-index-futures
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