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Sanctions, Oil, and Fed Watch | Tulsa News
The U.S. is escalating pressure on Iran with fresh sanctions, sending shockwaves through global markets as Treasury Secretary Scott Bessent warns any nation still trading with Tehran will face consequences. While oil prices remain steady and Asian markets show mixed results, the Fed’s upcoming Jackson Hole speech looms large as investors brace for clues on monetary policy. Meanwhile, tech stocks, especially AI giants like Nvidia, are under scrutiny amid fears of overvaluation — a dip in Nvidia’s share price pulled the broader market down despite overall gains. The Iranian rial has plummeted…
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