Brent Crude prices surpass $119.50 per barrel, reaching the highest level since June 2022.
Brent Crude oil prices have risen above $119.50 per barrel, marking the highest price point recorded since June 2022.
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US Treasuries slumped, sending yields to their highest this month, as rising oil prices further diminished expectations for Federal Reserve interest-rate cuts.
US Treasuries slumped, lifting yields to the highest levels this month, as mounting oil prices further eroded expectations for Federal Reserve interest-rate cuts.
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Acting comptroller Jules Hurst estimates the cost of the conflict in Iran at $25 billion, according to testimony provided to the House Armed Services Committee on Wednesday.
Acting comptroller Jules Hurst testified before the House Armed Services Committee that the ongoing conflict in Iran has cost approximately $25 billion.
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