$100 Oil Is Solving Russia's Budget Problem

 $100 Oil Is Solving Russia's Budget Problem

Russia is getting an unexpected windfall from the war in the Middle East. The Kremlin’s oil revenues this month hit a four-year high as oil prices jumped to $100 per barrel amid the Iran war and the de facto closed Strait of Hormuz.

Stocks hit and oil surges into the weekend as geopolitical tensions remain high - Newsquawk US Market Wrap

Stocks hit and oil surges into the weekend as geopolitical tensions remain high - Newsquawk US Market Wrap
Trump extends halt of attacks on Iran energy and power infrastructure by 10 days; Israel hits Iranian steel factories and a nuclear power site, Iran to respond with heavy price; Iran delays response to US plan; US is reportedly considering sending up to 10,000 additional ground troops to the Middle East; Trump leaning against ground invasion, but things could change; Witkoff expects meeting with Iran this week; China's launches probe regarding US trade measures; ECB's Schnabel says no need to rush into action; Fed's Paulson neutral rate estimate is close to median; UOM revised down, 1yr inflation expectations rise

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