Dow Jones Top Markets Headlines at 7 AM ET: Oil Falls though U.S. Futures Unmoved as Bessent Says U.S.-Iran Deal in Sight | China ...

Oil Falls though U.S. Futures Unmoved as Bessent Says U.S.-Iran Deal in Sight

Oil prices pulled back on renewed optimism that the U.S and Iran were closing in on a deal that would reopen the Strait of Hormuz, but U.S. stock futures were largely flat.

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China Threatens to Launch Trade Probes Against the European Union

China could initiate anti-discrimination and supply-chain security investigations into the EU, a social media account run by the country's state broadcaster said.

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BOE Can Tolerate Inflation That Is Temporarily Above Target, Gov. Bailey Says

Bailey also said the central bank had already tightened its policy, and that interest rates on new mortgage loans have risen.

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French Inflation Rises to More-Than Two-Year High as Energy Costs Intensify

The result puts the European Central Bank on course to raise interest rates for the first time since 2023 when it next meets in June.

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Oil Prices Set For Biggest Monthly Drop in 6 Years on Hope for U.S., Iran Peace Deal

Brent crude prices have fallen $18 in May, the sharpest drop in dollar terms since early in the Covid-19 pandemic.

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Britain Is Drowning in Debt. The Bond Sharks Are Circling.

A carousel of leaders has taken its toll, driving up borrowing costs and dragging down investment.

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Aluminum Squeeze Might Get Worse Yet

Aluminum prices haven't risen as much as crude oil, liquefied natural gas or fertilizer since the Middle East conflict began, but some industry experts warn its rally is far from done.

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Corporate America Is Starting to Ration AI as Cost Skyrockets

Executives are scrambling to track returns on AI investments as the bill for massive computing needs comes due.

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Inflation-Wary Investors Pour Into Short-Dated Bond Funds

Ultrashort bond funds are more popular than ever. BlackRock said that "traditional portfolio diversifiers are challenged."

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The Iran war may be winding down, but the era of $60 oil could be over

The Iran war could soon draw to a close. Oil prices, however, may not roll back with it.

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The Record Divide Between Corporate Profits and Worker Pay

Labor's share of economic output just hit an all-time low, while the profit share neared a record. It helps explain why consumers feel so glum.

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U.S. Crude-Oil Stockpiles Post Fifth Straight Weekly Drop

Commercial crude-oil stocks fell by 3.3 million barrels last week. Analysts expected crude stocks to decrease by 4 million barrels.

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Iran War Keeps Fed's Inflation Gauge Above Inflation Target

The Fed's preferred gauge of monthly price increases grew at a slower pace in April but still remained above its preferred target rate.

(END) Dow Jones Newswires

May 29, 2026 07:15 ET (11:15 GMT)