Inflation Back in Fed's Focus After U.S. Strikes on Iran Push Crude Oil Higher

U.S. retaliation strikes against Iran after an attack in the Strait of Hormuz helped pull futures off session lows, but crude oil is creeping higher. Investors are being warned of an "unsteady" trading session as geopolitical risk sustains energy-price pressure, likely increasing volatility.

Analysis

U.S. retaliation strikes against Iran after an attack in the Strait of Hormuz helped pull futures off session lows, but crude oil is creeping higher. Investors are being warned of an "unsteady" trading session as geopolitical risk sustains energy-price pressure, likely increasing volatility.