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Global stocks dip, oil eases over 1% as US Treasury Secretary Bessent to outline Iran sanctions today; Nvidia earnings and Fed Chair Warsh's speech also in focus
Global stocks slipped on Monday and oil prices eased more than 1% as investors awaited details of threatened U.S. sanctions on Iran. U.S. Treasury Secretary Scott Bessent is scheduled to hold a press conference later on Monday to outline these sanctions, following Iran's continued control over the vital Strait of Hormuz. Additionally, markets are anticipating Nvidia's earnings on Wednesday and Federal Reserve Chair Kevin Warsh's speech on Friday in Jackson Hole for clarity on the U.S. interest rate outlook.
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