The US lifted sanctions on 140 million barrels of Iranian oil at sea while bombing Iran. Brent closed at $112.19. The administration has run out of levers.
TotalEnergies hits a 52-week high at €73 as Brent surges 8 percent on Iran war, while European defense stocks rally on €800 billion ReArm Europe spending and 260 percent gains since 2022.
US 30-year mortgage rate hits 6.01%, lowest since September 2022, as Fed minutes reveal policy rift and January home sales plunge 8.4% to two-year low.