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LOGAN, president of the Federal Reserve Bank of Dallas, said on Wednesday that if the Strait of Hormuz remains closed longer due to a U.S.-Israel war with Iran, the world may need to reduce oil and gas consumption as shipping fails to return to pre-w

2026-05-27

LOGAN, president of the Federal Reserve Bank of Dallas, said on Wednesday that if the Strait of Hormuz remains closed longer due to a U.S.-Israel war with Iran, the world may need to reduce oil and gas consumption as shipping fails to return to pre-war levels. U.S. oil firms in a Dallas Fed survey expect U.S. output to rise 250k bpd this year and 500k bpd next year; global supply has fallen about 13 mln bpd since the Iran war and the shortfall is being met by drawing limited inventories, though LOGAN expects energy markets to roughly rebalance soon.

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2026-05-28

U.S. President TRUMP: We do not need oil. We do not need the strait. We do not need anything.

U.S. President TRUMP: We do not need oil. We do not need the strait. We do not need anything.
2026-05-27

A Bank of Japan official stated that while rising long-term interest rates have indeed increased corporate borrowing costs, this must be considered in conjunction with the fact that corporate profits remain high.

A Bank of Japan official stated that while rising long-term interest rates have indeed increased corporate borrowing costs, this must be considered in conjunction with the fact that corporate profits remain high.
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