Oil prices soar again as tensions rise in the Middle East The dollar opened this Tuesday's session (14) in decline, with a drop of 0.20% close to 9 am, quoted at R$ 5.1220, amid the rise in oil prices on the international market. Ibovespa trading, the main index on the Brazilian stock exchange, begins at 10am. ?? Do you have any reporting suggestions? Send it to g1 ?? Tensions in the Strait of Hormuz once again put upward pressure on oil prices on the international market. The day before, American President Donald Trump stated that the United States will resume the naval blockade of Iran from today and that it will start charging a 20% tax on all cargo transported through the canal, which is the route for around 20% of all global oil trade. Concerns about the new channel blockage bring another high day for the commodity this Tuesday (13). Around 8:45 am, a barrel of Brent, an international reference, rose 3.04%, quoted at US$85.83. West Texas Intermediate (WTI), from the USA, rose 1.75%, quoted at US$ 79.51 per barrel. ?? On the economic agenda, investors evaluate new data on consumer inflation in the US. The data is important to clarify to the financial market what the Federal Reserve's (Fed, the American central bank) next steps should be in managing interest rates. According to XP, the shock in the oil market has raised bets for a rise in rates this month. Interest policy in the USA has repercussions in Brazil. With rates at a historically high level, pressure is growing for the Selic, the Brazilian basic interest rate, to remain at a high level for longer, in addition to generating effects on the exchange rate. See below for more details on the day at the market. ?Dollar
Dollar opens lower, with tensions in the Strait of Hormuz and rising oil prices
Oil prices soar again as tensions rise in the Middle East The dollar opened this Tuesday's session (14) in decline, with a drop of 0.20% close to 9 am, quoted at R$ 5.1220, amid the rise in oil prices on the...
a Accumulated for the week: +0.46%; Accumulated for the month: -0.61%; Accumulated for the year: -6.51%. ?Ibovespa
Accumulated for the week: -1.20%; Accumulated for the month: +2.16%; Accumulated for the year: +9.07%. Understand what makes the price of the dollar rise or fall Escalation of tensions in the Middle East US President Donald Trump announced, the day before, a new naval blockade in the Strait of Hormuz to prevent the traffic of vessels linked to Iran. The operation is expected to begin this Tuesday, at 5pm. The measure comes into force one day after the American president stated that he intends to take control of the canal — through which around 20% of all global oil trade passes — and again raises concerns about possible impacts on the supply of the commodity on the international market. What is the Strait of Hormuz, crucial for world oil "We're going to keep the strait and we're probably going to manage it. We're going to become the guardians of the strait. Maybe we could call it the guardian angel of the strait. And we should be reimbursed for that," Trump said, stating, shortly afterwards, that he intends to charge 20% on all cargo transported through the route. In recent days, the US and Iran have returned to exchanging attacks, putting into question the fragile peace agreement signed on June 17, which formalized a more lasting ceasefire and a path towards a definitive treaty. Global stock markets In Asia, most stock markets closed higher, after solid export data improved investor sentiment. Energy stocks also gained, amid escalating tensions in the Middle East. The CSI 300, which brings together the largest companies listed in Shanghai and Shenzen, advanced 2.15%, while the Shanghai composite index, the SSEC, rose 1.36%. Hong Kong's Hang Seng rose 0.52%, while Japan's Nikkei gained 0.74% and South Korea's Kospi rose 0.73%. Oil, dollar, war in the Middle East, oil crisis, Iran Reuters
