Oil Market
Traffic in the Strait of Hormuz at its highest level since the start of the war
Traffic through the Strait of Hormuz has increased to its highest levels since the outbreak of the war, after more countries negotiated agreements with Iran, writes Bloomberg.
This weekend, 21 ships passed through the strait, the highest two-day figure since the beginning of March. Of the ships, 13 were heading out to the Arabian Sea.
Iranian ships continue to dominate traffic, but other ships from Iraq and India have also passed through the strait after Iran's approval.
However, the levels remain well below pre-war levels, when around 135 ships per day passed through.
Economy
Typical San Francisco house costs over 20 million
The median price of a house in San Francisco jumped 18 percent year-on-year in March to a record high of $2.15 million, equivalent to over 20 million kronor, according to brokerage firm Compass. This is reported by Bloomberg, which writes that the success of the startup sector in the AI boom is driving the development.
For apartments, the median price rose a full 27 percent to $1.36 million, equivalent to almost 13 million kronor. This is slightly lower than the peak of $1.375 million in 2022.
– The economic changes caused by the Iran war – such as rising interest rates and volatility in financial markets – have not affected the extremely hot market dynamics in San Francisco, says Patrick Carlisle, director of market analysis at Compass.
Traffic in the Strait of Hormuz at its highest level since the start of the war
Traffic through the Strait of Hormuz has increased to its highest levels since the outbreak of the war, after more countries negotiated agreements with Iran, writes Bloomberg.
This weekend, 21 ships passed through the strait, the highest two-day figure since the beginning of March. Of the ships, 13 were heading out to the Arabian Sea.
Iranian ships continue to dominate traffic, but other ships from Iraq and India have also passed through the strait after Iran's approval.
However, the levels remain well below pre-war levels, when around 135 ships per day passed through.
Economy
Typical San Francisco house costs over 20 million
The median price of a house in San Francisco jumped 18 percent year-on-year in March to a record high of $2.15 million, equivalent to over 20 million kronor, according to brokerage firm Compass. This is reported by Bloomberg, which writes that the success of the startup sector in the AI boom is driving the development.
For apartments, the median price rose a full 27 percent to $1.36 million, equivalent to almost 13 million kronor. This is slightly lower than the peak of $1.375 million in 2022.
– The economic changes caused by the Iran war – such as rising interest rates and volatility in financial markets – have not affected the extremely hot market dynamics in San Francisco, says Patrick Carlisle, director of market analysis at Compass.
