Oil Climbs as US Strikes on Iran, Eco Weekahead
About this episode
The episode discusses the impact of US strikes on Iran on oil prices and inflation, featuring insights from economists at HSBC.
Business and finance news from the Asia-Pacific. For analysis on the week ahead, highlighted by the US-consumer price report and two days of testimony from Fed Chair Kevin Warsh, Bloomberg TV Host Shery Ahn spoke to Frederic Neumann, Chief Asia Economist at HSBC. Oil rose and Treasuries fell after the US launched another round of strikes against Iran, reviving concern that higher energy prices will keep inflation elevated and interest rates higher for longer. Brent crude climbed 4.4% to $79.35 a barrel as conflicting claims over the status of the Strait of Hormuz fueled speculation about potential supply disruptions. Treasuries dropped across the curve with the yield on the rate-sensitive two-year note climbing three basis points to 4.24%, the highest since February 2025. Australian and Japanese sovereign bonds also fell, while the dollar strengthened against all of its Group-of-10 peers. For more on this, Bloomberg TV Host Avril Hong talked to Mark Cranfield, Bloomberg Strategist. See omnystudio.com/listener for privacy information.
People in this episode
Hosts: Shery Ahn, Avril Hong
Guests: Frederic Neumann, Mark Cranfield
Topics covered
- oil prices
- US strikes
- inflation
- interest rates
- economic analysis
- Asia-Pacific news
Keywords
- oil
- inflation
- US strikes
- interest rates
- Brent crude
- Treasuries
- economic analysis
- Asia-Pacific
Mentioned in this episode
Organizations: HSBC, Bloomberg
Places: US, Strait of Hormuz
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