Citi forecasts oil prices could reach $110 per barrel if the Strait of Hormuz disruption persists for another month. The bank's analysis highlights the potential impact of ongoing traffic disruptions in the strategic waterway, which is crucial for global oil shipments. The prediction underscores concerns over supply stability and geopolitical tensions affecting energy markets.
Steel Dynamics Inc. reported its highest first-quarter revenue growth since 2022, driven by rising steel prices and a record 3.6 million tons of shipments. The company beat analyst estimates, reflecting a strong rebound in profit. This growth marks the fastest quarterly increase in nearly four years, highlighting a positive trend in the steel industry amid macroeconomic shifts.
Rio Tinto's Pilbara iron ore output increased in Q1 2026, despite March port closures caused by seasonal weather disruptions. The rise reflects ongoing production growth in Australia, a key market for the company. No specific production figures or percentage increases were provided, but the report highlights resilience amid weather-related challenges in the first quarter.
Stocks are expected to rise and oil prices fell as US equity futures edged higher on April 20, 2026, amid hopes Iran may join peace talks with Washington in Islamabad. The potential diplomatic breakthrough has boosted market optimism ahead of a looming ceasefire deadline, reflecting positive macroeconomic sentiment in the global financial landscape.
Gold prices remained steady as traders assessed the potential for renewed US-Iran peace talks, which could impact global energy supplies and inflation. The ongoing conflict in Iran has heightened economic uncertainties, prompting investors to monitor diplomatic developments closely. No specific dates or amounts were provided, but the market remains cautious amid geopolitical tensions.
Oil prices declined as Iran prepared to attend negotiations with the US in Islamabad, signaling potential progress before a ceasefire. The talks, set to take place soon, have influenced market sentiment, leading to a drop in oil prices. The outcome of these discussions could impact future oil supply and geopolitical stability in the region.
President Trump signed an executive order to expedite psychedelics research, boosting shares of Compass Pathways, AtaiBeckley, GH Research, and Definium Therapeutics. The FDA will issue expedited review vouchers for breakthrough therapies, reducing review time from six to two months. Compass CEO Kabir Nath discussed the order's impact on psychedelic medicine development.
