Treasury yields rose Tuesday as oil prices surged after further U.S. strikes against Iran, raising inflation concerns and pressuring stocks. Higher yields could increase borrowing costs for mortgages, auto loans and credit cards, while boosting returns for some savers.
Posts published in “Financial”
The Trump administration says a new Venezuela oil deal will give the Pentagon a 35% stake in North American Blue Energy Partners and grant the company 100-year drilling rights in fields holding about 65 billion barrels. Analysts and political opponents have questioned how quickly the agreement could affect prices and whether it is legally justified.
The FTC and 22 states accused Amazon of secretly inflating online ad auction prices for more than 1 million brands and sellers. Amazon denied the allegations, saying regulators misunderstand how advertisers bid and that ad costs have fallen or remained flat by key measures.
Trump says a new oil agreement with Venezuela will lower gas prices, but analysts say any effect would likely take years. The deal faces questions over its structure, investment risks, field development timelines and Venezuela’s political and legal environment.
Federal regulators ordered former White House teleprompter operator Gabriel Perez to pay about $172,000 after finding he used advance access to Trump speeches to make prediction-market trades. Perez also received a three-year ban from prediction markets.
Trump said the United States has secured majority control of more than 65 billion barrels of proven Venezuelan oil reserves through a private-business partnership. The administration has not released details on the fields covered or the companies that would drill them.
Six months into the U.S.-Israel war with Iran, Tehran’s government remains entrenched, diplomacy is stalled and the Strait of Hormuz remains heavily disrupted. Washington is expanding sanctions as Iran calls the pressure campaign “economic terrorism.”
Federal Reserve Chair Kevin Warsh said inflation remains above the Fed’s 2% target, leading markets to raise expectations for a possible September rate hike. He also signaled a move away from detailed forward guidance and discussed the economic effects of artificial intelligence.