{"id":430113,"date":"2026-05-05T03:40:08","date_gmt":"2026-05-04T20:40:08","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/05\/investinglive-americas-market-news-wrap-iran-strikes-the-uae-oil-prices-jump\/"},"modified":"2026-05-05T03:40:08","modified_gmt":"2026-05-04T20:40:08","slug":"investinglive-americas-market-news-wrap-iran-strikes-the-uae-oil-prices-jump","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-americas-market-news-wrap-iran-strikes-the-uae-oil-prices-jump-430113\/","title":{"rendered":"investingLive Americas market news wrap: Iran strikes the UAE, oil prices jump"},"content":{"rendered":"<div>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/uae-says-it-intercepted-three-missiles-20260504\/\">Drone or missile strikes reported in the UAE<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-says-it-eliminated-six-iranian-small-boats-20260504\/\">US says it &#8216;eliminated&#8217; six Iranian small boats<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/trump-iran-is-now-more-malleable-in-talks-20260504\/\">Trump:  Iran is now more malleable in talks<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/trump-stopped-short-of-saying-iran-violated-ceasefire-notes-only-one-missile-got-through-20260504\/\">Trump stopped short of saying Iran violated ceasefire, notes only one missile got through<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/a-source-tells-cnn-that-dubai-expect-usisraeli-strikes-on-iran-within-the-next-24-hours-20260504\/\">A source tells CNN that Dubai expect US\/Israeli strikes on Iran within the next 24 hours<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-march-factory-orders-surge-15-versus-05-consensus-as-core-capex-revised-higher-20260504\/\">US March factory orders surge +1.5%, versus +0.5% consensus as core capex revised higher<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/bessent-the-world-is-in-an-8-10-million-barrel-oil-supply-deficit-20260504\/\">Bessent: The world is in an 8-10 million barrel oil supply deficit<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/forex\/eight-reasons-why-the-us-is-headed-towards-an-inflation-problem-20260504\/\">Eight reasons why the US is headed towards an inflation problem<\/a><\/li>\n<\/ul>\n<p>Markets:<\/p>\n<ul>\n<li>WTI crude oil up $3.19 to $105.13<\/li>\n<li>US 10-year yields up 6 bps to 4.44%, 30-year breaks 5%<\/li>\n<li>S&amp;P 500 down 0.4%<\/li>\n<li>Gold down $98 to $4515<\/li>\n<li>USD leads, AUD lags<\/li>\n<\/ul>\n<p>The trouble started in Europe with various reports and denials about Iran firing on, or hitting a US frigate in the Strait. It later became more clear that there were some warning shots but it&#8217;s not clear what happened beyond that. Trump said the US sank 7 Iranian fast boats while Iran denied it. Iran also launched a surprise attack against the US oil route that bypasses the Strait of Hormuz.<\/p>\n<p>That last even saw WTI spike to a session high of $107.48 and stocks fell to a session low. However Trump mostly waved off the attack in a somewhat surprising move. There is talk of retaliation though and they could just be trying to maintain some element of surprise. What&#8217;s clear is that Iran is not eager to let any ships cross through Hormuz, even if Trump says it&#8217;s just to relieve crews.<\/p>\n<p>The extension of the war &#8212; with no end in sight &#8212; weighed on gold prices and bonds. Gold is back flirting with $4500 on heavy selling on fears that emerging markets will need to sell gold reserves to pay for oil or stabilize FX. US 30-year yields rose above 5% for the first time since August.<\/p>\n<p>In FX, there was a moderate bid in the US dollar across the board with some extra volatility in the yen that saw USD\/JPY briefly fall to 155.91 in a spike lower that could have been intervention. It later completely recovered.<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Drone or missile strikes reported in the UAE US says it &#8216;eliminated&#8217; six Iranian small boats Trump: Iran is now more malleable in talks Trump stopped short of saying Iran violated ceasefire,&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-430113","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/430113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=430113"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/430113\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=430113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=430113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=430113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}