Asian markets rebounded as tech stocks rallied on strong earnings, while Japan intervened to support the yen after its slide. Oil prices eased from four-year peaks amid geopolitical tensions, though Iran’s threats kept crude firm. Central banks signaled potential rate hikes, influencing currency movements.
Oil Price Today (May 1): Crude oil holds above $110/barrel. What lies ahead?
Oil prices stay above $110 a barrel as the Middle East conflict enters its second month. The Strait of Hormuz remains blocked, impacting global supply.