Crude Oil Declines As US Expands Economic Pressure On Iran And Trading Partners

Brazil posted a bigger-than-expected trade surplus in August, helped by a jump in exports to the US despite a full month of President Donald Trump’s 25% tariffs.

Treasury Secretary Scott Bessent said oil prices will nosedive to as low as $40 a barrel once the Iran conflict is over, pulling down bond yields that have lately hit the highest levels in years.

What to know about the report.

Federal Reserve Bank of Cleveland President Beth Hammack said it’s time for the US central bank to act to cool inflation.

The president said he could halt trade between the United States and countries with which it has a trade deficit if the central bank doesn’t do his bidding.

A strong employment report in the US raises the odds of a Fed rate rise