Commodity Prices Rise Amid Geopolitical Tensions Over Strait of Hormuz
Geopolitical tensions over the Strait of Hormuz have led to a surge in energy prices, with WTI crude oil and Brent crude both rising by around 5%. The Fed fund forward curve now suggests potential rate hikes at the September 2026 meeting. Hot weather also boosted grain sector performance.
Topics: crude oil fed rate expectations geopolitical tensions grains market