Markets Bet on Rate Hikes as Iran War Sends Oil Toward $120
FRANKFURT – Central banks across Europe came under market pressure on Monday to lift interest rates as the war in Iran drove up energy costs and revived the spectre of another inflation wave. Money markets ramped up bets on rate…
US to revoke authorizations to foreign partners of Venezuela’s PDVSA, sources say
HOUSTON – The U.S. government has notified foreign partners of Venezuela’s state oil company PDVSA of the imminent cancellation of authorizations that allow them to export Venezuelan oil and byproducts, sources close to the decision by President Donald Trump’s administration…