The global oil market is zeroed in on activity in the Strait of Hormuz after the US and Iran inked an interim deal to end their war and reopen the critical waterway. While equities have largely shrugged off the turmoil, central banks and traders are eagerly watching for signs of further energy-supply disruption and impacts on inflation. The Opening Trade spoke with leading market voices for their take on the deal, how global economies have handled the conflict and whether the world can return to pre-war pricing.
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The US and Iran have postponed the start of their negotiations over a permanent peace deal and restricting the Islamic Republic’s nuclear program. It’s unclear why the talks, meant to be held in Switzerland on Friday, have been delayed. On Thursday, US Vice President JD Vance told reporters at a briefing he believed the technical talks would begin at some point this weekend and that he would travel to Switzerland. Bloomberg’s Abeer Abu Omar reports.
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The Algerian national soccer team was assigned to Lawrence, Kansas for training and practice during the World Cup and have been met with an enthusiastic reception from local residents. Mayor of Lawrence Brad Finkeldei shares with David Gura and Christina Ruffini on Bloomberg This Weekend the joys of this grassroots cultural exchange and how it strengthens international goodwill.
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Senator Raphael Warnock (D-GA) tells David Gura on Bloomberg This Weekend that the focus of the country should be on how local Main Streets are doing, not on well Wall Street is doing. Watch part one of Senator Warnock’s interview now and tune in to Bloomberg This Weekend tomorrow for part two.
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Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
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