Overview
- Brent, which climbed Tuesday after the UAE left OPEC, traded near $105 as WTI hovered around $100 in the latest spike in energy prices.
- Fresh gains track stalled U.S.–Iran talks and disruptions at the Strait of Hormuz, a chokepoint that carries roughly a quarter of seaborne oil and gas flows.
- In Argentina, the official dollar closed at ARS 1,430 at Banco Nación with the blue at ARS 1,430 and the wholesale at ARS 1,404.50, while the central bank reported USD 53 million of purchases Tuesday and USD 2.486 billion for April.
- Argentine pump prices for gasoline and diesel have risen about 23% since late February, outpacing general inflation and lifting household transport costs.
- The Mexican peso weakened intraday near 17.42 per dollar before ending close to 17.39 as investors watched oil above $100 and the Federal Reserve’s policy signal, with Peru’s dollar rate edging up to S/3.51.