Markets News

The US military may provide "escort" by the end of the month, oil prices surge despite reserve release!

The US military may provide "escort" by the end of the month, oil prices surge despite reserve release!

· Markets have reduced bets on the Federal Reserve's full-year rate cuts to 20 basis points, or less than one. Trump: Powell should cut rates immediately. This news is bearish for the US dollar. · Iran's Supreme Leader Mujtaba issued his first statement: will not give up on revenge, the Strait of Hormuz will remain closed, and new fronts will be opened if necessary. This news is bullish for crude oil. · The Trump administration plans to suspend the Jones Act to lower oil prices. This news is favorable for crude oil.

TOPONE Markets Analyst
2026-03-13 08:37:54
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