United Statesoil

Bloomberg

Retired Gen. Kimmitt: Hormuz, Lebanon Are 'Diversions'

Oil prices increased by about 2% following escalated threats from the US President to 'hit Iran hard' after delays in peace negotiations. Retired US Army Brigadier General Mark Kimmit, Former Assistant Secretary of State for Political Military Affairs, joined the discussion to analyze the shift in US posture. He speaks with Romaine Bostick & Katie Greifeld on "The Close."

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Grafa

Oil prices hold steady as U.S.-Iran military exchanges offset dwindling supplies

Crude oil prices remained tightly range-bound on Wednesday morning as escalating military hostilities between the United States and Iran counterbalanced supportive domestic inventory data. Traders are weighing the structural threat of a prolonged Middle East chokepoint shutdown against slowing global demand signals.

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Bloomberg

Former US Defense Secretary Austin Doesn't Think China Will Take Taiwan by Force

Former US Defense Secretary Lloyd Austin talks about the war in Iran, a possible peace deal, the importance of NATO and how a battle over Taiwan between the US and China could impact the global economy. He speaks to Bloomberg's London Bureau Chief Ruth David at the HSBC Gulf Cooperation Council Exchanges Conference in London.

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Bloomberg

OPEC+ Meets After UAE Exit

OPEC+ ministers gather on June 7 for their first bi-annual policy meeting since the United Arab Emirates left the alliance last month, against a backdrop of extraordinary disruption. While the group is expected to maintain current output plans, investors are paying attention to the UAE's bet for more independence in global oil markets. Bloomberg's Abeer Abu Omar reports.

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