Author name: Commodities Market Writer

The extended closure of the Strait of Hormuz and extreme weather have jolted the price index for farm commodities to a two-year high as fertilizer headaches and the prospect of smaller harvests drive food inflation risks.

Deutsche Bank CFO Raja Akram discusses the lender’s first-quarter results, fixed-income trading and global uncertainty in light of the situation in the Middle East. “Credit and FX continue to outperform our expectations,” Akram tells Bloomberg’s Oliver Crook. (Source: Bloomberg)

US and UK ties are at their lowest point since the Suez Crisis in the 1950s as King Charles III visits Washington. In an address to lawmakers, Charles argued for preserving the countries’ alliance. (Source: Bloomberg)

Operators of Europe’s largest airports are warning of an increasingly uncertain outlook as the Middle East conflict adjusts flight schedules and restricts access to key airspaces.

Homayoun Falakshahi, head of crude oil analysis at Kpler, discusses energy markets as investors focus on the next step for peace talks between the US and Iran. He tells Bloomberg Television that should the US manage to sustain its blockade of the Strait of Hormuz for another two months, “Iran’s oil revenues will drop to zero.” Falakshahi also warns that should the waterway remain closed for another two months, prices for oil could go back to “roughly 120, 125 [dollars a barrel] for Brent.” (Source: Bloomberg)

Deutsche Bank AG suffered a dent in its exposure to commercial real estate and highlighted that the asset continues to be a problem for it.

The Bank of Thailand left its benchmark interest rate at a near four-year low, focusing for now on supporting the economy from the drag of the war in Iran rather than its potential inflationary impact.