White sugar hit the highest levels since October as a rally in oil prices and the ongoing disruptions in the Strait of Hormuz stoked fears about supplies across the Middle East as well as shipments from the region.
Treasuries sank and traders no longer priced in any chance of an interest-rate cut the US this year after the Bank of England said it would be ready to act against inflation.
Global oil prices are jumping back toward their highest levels in nearly four years early Thursday after Iran targeted energy production in the Gulf region.
The Citrini selloff wasn’t panic — it was an X-ray. The “smart money” is quietly exiting the tech sectors AI is disrupting.
Buyers who had expected a glut of cheap fuel are now scrambling for supplies.
One of the US stock market’s biggest winners this year has turned into the worst-hit sector since the start of the Iran War as a spike in oil prices has boosted industrial production costs.
There are a few under-the-surface factors that are supporting the stock market.
