At the NATO summit, Trump declared significant achievements, emphasizing increased defense spending by allies and the need for Europe to take more responsibility for its defense. He stated the Iran-Israel war appears to be over, noting both sides are fatigued. Trump said the U.S. won’t seize oil resources or block Iranian oil exports to China and suggested an agreement with Iran may be signed next week, focusing on nuclear restraint.
Oil remains under pressure today. Signing an agreement with Iran could further reduce regional risk.
Daily Summary: Wall Street Under Pressure as U.S. Bond Yields Rise Above 5%
Wall Street waits for the Fed
Saudi Arabia announces the cancellation of part of its September oil shipments to Europe๐ข
US Open: 10-Year Treasury Yield Breaks Above 5% as Wall Street Comes Under Pressure Ahead of Fed Decision