High Brent crude prices are providing economic support for Latin American nations like Colombia and Brazil, while FED policy influences regional markets.

The entities involved

• Brent →
  • Oil prices rose above $113 while a hack at Binance weighed on crypto stocks.13:08
  • Retaliation following U.S. strikes has led to the effective closure of the Strait of Hormuz, impacting the global economy.07:11
• Petrobras →

  Brazilian multinational oil and gas corporation

  • Lula da Silva's re-election affects market sentiment among major Brazilian firms like Petrobras and Itaú Unibanco.00:22
  • Petrobras is authorized to drill in Foz do Amazonas, following confirmation that the Equatorial Margin runs into waters off Guyana and Suriname.00:19
• Colombia →

  country in South America

  • The US imposed tariffs on Nicaraguan goods, while several other Central American nations face tariffs due to labor practices.13:17
  • Leading military offensive against organized crime and management of shared border issues between Colombia and Venezuela.09:27
• FED →

  business

  • Stronger inflation data was reported in the US today, indicating rising inflationary pressures.11:29
  • Fed tightening expectations affect metal prices while a Binance breach unsettles volatile assets.11:23

Related events

• Geopolitical tensions, including US/Iran fighting and Venezuelan expansion, are affecting crude supply and driving up Brent price forecasts from Goldman Sachs.Sep 11
• Goldman Sachs projects Brent crude at $80 while monitoring Fed communication amid Middle East tensions.Jun 26
• Elevated Brent crude prices are driving a rise in government bond yields, increasing government borrowing costs in India.Sun 10:51
• The Fed is monitoring crude oil inventory levels amid global conflict draining stocks and China's demand constraints.Thu 01:52
• CFTC is investigating oil trading linked to Brent, monitoring markets ahead of Trump's policy announcements.Sat 01:23