March 13, 2026
Oil settles up 9% as Iran vows to keep Strait of Hormuz closed
Oil prices settled up about 9%, at their highest in nearly four years, as Iran stepped up attacks on oil and transport facilities across the Middle East, and the country’s supreme leader vowed to keep the vital Strait of Hormuz shut.
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March 13, 2026
JPMorgan sued over alleged role in $328M crypto Ponzi scheme
JPMorgan is facing a lawsuit for allegedly enabling a $328 million crypto Ponzi scheme run by now-defunct Goliath Ventures. Investors filed a proposed class action in the US District Court for the Northern District of California, accusing JPMorgan of ignoring suspicious transactions and allowing Goliath to use its infrastructure to collect investor funds.
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March 12, 2026
Gold edges lower, weighed down by USD
Gold prices edged lower, weighed down by an uptick in the U.S. dollar and looming inflation concerns that bolstered expectations of higher interest rates. U.S. gold futures for April delivery settled 1.2% lower.
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March 12, 2026
US consumer inflation steady before Iran conflict drives up oil prices
U.S. consumer prices rose moderately in February as rents maintained a steady pace of increases, though households paid more for gasoline and at the supermarket, and higher costs are in store because of the escalating war in the Middle East.
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March 12, 2026
Sterling firms up with traders split over oil risks
The British pound inched higher, in a choppy session that saw traders weighing fears of an oil supply shock from the Middle East conflict against reports of potential reserve releases. A hike in energy prices has stirred concern over import-reliant economies such as Britain’s.
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March 11, 2026
Money markets show foreign demand for dollars at strongest since April 2025
Money markets started to show signs of strain from this week’s extreme volatility. Three-month cross-currency basis swaps for the euro hit their lowest since last April. The lower the number, the greater the demand among investors to hold dollars rather than euros.
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