The daily average mortgage rate rose to a six-month high of 6.53% on March 20. Mortgage rates are jumping because the Iran war is escalating, increasing the likelihood that oil prices will stay higher longer, and because of the Fed’s reaction to it. News broke on March 20 that the U.S. is sending thousands more […]
People walk past an anti-US mural on a street in Tehran, Iran, June 5, 2025. Majid Asgaripour | Via Reuters Crude oil futures rose more than 4% on Wednesday as tensions escalated between the U.S. and Iran, with President Donald Trump expressing doubt that the two countries will reach a nuclear deal. Brent crude futures rose
Oil prices rise more than 4% on escalating Middle East tensions Read More »
On August 18, 2024, 5:50 AM The most significant factor driving crude oil prices this week has been the escalating geopolitical tension in the Middle East. The ongoing conflict between Israel and Hamas has created a volatile situation that threatens to spill over into a broader regional conflict. The assassination of a Hamas leader has
Escalating Tensions in the Middle East Keep Oil Markets on Edge Read More »
