Interest-rates

Five EU Finance Ministers Just Revived the Windfall Tax Playbook. The Energy Industry Says It Will Not Work Twice.

Five EU finance ministers demand a windfall tax on energy firms as Brent tops $110 and eurozone inflation hits 2.5%. The ECB meets in 23 days.

The US Just Lifted Sanctions on Iranian Oil. It Is Also Bombing Iran.

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 Just Hit a Record. Europe’s Defense Rally Faded by Lunch.

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 Mortgage Rates Hit Three-Year Low at 6.01% — but Fed Minutes Reveal Deep Policy Rift

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.