Faisal Islam: Iran war pause is welcome but the economic scars will last

“Concerns about higher energy prices have pushed up inflation expectations, which in turn led to a rise in mortgage rates, reducing confidence that interest rates will be cut this year and dampening the initial momentum in the market seen at the start of the year.”

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Shanaz Musaferand Natalie Sherman AFP via Getty Images Venezuelan leader Nicolás Maduro says escalating pressure from the US comes down to one thing: Washington wants to grab the South American nation’s vast oil reserves. This week the American military seized an oil tanker, which was allegedly carrying Venezuelan oil being shipped in violation of US…