The Economic Information Daily reported on the 28th that Iran insists on its proposal to reopen the Strait of Hormuz within seven days, stating it will not soften its conditions, but U.S. President Trump has indicated he has rejected the proposal. Crude oil prices rose accordingly, and U.S. Treasury yields surged across the board.
Iranian Foreign Minister Araghchi, in a televised interview aired on Sunday (27th), said the U.S. has repeatedly attacked Iran during Trump's second presidential term, "Our stance is firm against any aggression against us, even if it escalates into a doomsday war, we are prepared."
Brent crude is currently trading around $105.81 per barrel; New York crude is trading at $93.15, remaining above $93.
U.S. 10-year Treasury yield rose 5 basis points to 5.21%; 2-year yield rose 5 basis points to 4.9%. The 30-year yield rose 3 basis points to 5.52%. (yc)
Iranian Foreign Minister Araghchi, in a televised interview aired on Sunday (27th), said the U.S. has repeatedly attacked Iran during Trump's second presidential term, "Our stance is firm against any aggression against us, even if it escalates into a doomsday war, we are prepared."
Brent crude is currently trading around $105.81 per barrel; New York crude is trading at $93.15, remaining above $93.
U.S. 10-year Treasury yield rose 5 basis points to 5.21%; 2-year yield rose 5 basis points to 4.9%. The 30-year yield rose 3 basis points to 5.52%. (yc)
