Commodities
Brent Crude Price Rises Amid Ongoing Tensions with Iran
The Brent crude price rose by 0.7% to $89.15 per barrel on August 17, as tensions between the US and Iran continued past their 60-day MOU deadline.
The oil market remains volatile due to ongoing concerns about the conflict with Iran, which has impacted global trade and supply chains.
US stocks have reached record highs in recent weeks, driven by strong earnings growth from major companies. This week's profit reports from retailers like Home Depot, Target, and Walmart are expected to provide insight into how consumers are coping with high inflation and a slowing job market.