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A UN Security Council resolution passed in the days after the 2015 Iran nuclear deal has expired. That could lead Russia to seek ballistic missiles from Iran as it steps up its attacks on Ukraine. UN Security Council Resolution 2231 was passed in July 2015, days after the US and Iran agreed on the Iran nuclear deal. Russia continues to produce its own missiles and drones, but its constant attacks on Ukraine have strained its supplies. Iran's Zolfaghar Basir, top, and Dezful short- and medium-range ballistic missiles in Tehran in January 2022.
Persons: , Morteza, Iran's Zolfaghar, Anton Mardasov, Mardasov, Rosoboronexport, Farzin, Moscow hasn't, Nadimi, Paul Iddon Organizations: UN Security, Service, UN, EU, Missile Technology Control, Iran's, Washington, UN Security Council, Moscow, Iranian, Business, Mardasov, Iranian Army, Anadolu Agency, Getty Images, Washington Institute for Near East Locations: Iran, Russia, Ukraine, Moscow, France, Germany, China, Tehran, Shahed, Russian, East, Syria, Israel, Arab, Iranian, Getty Images Russia
More than 43 million Americans together owe $1.6 trillion in student loans. That additional load could weigh on consumer spending, and eventually increase delinquencies on other payments like credit cards and personal loans, strategists said. "We view the resumption of student loan debt payments as an incremental headwind for borrowers and consumer finance companies," BofA said. This, in other words, means the odds of the hotly-anticipated recession are about to go up as consumers divert cash back to student loan payments. Do you have student loans?
Global crude prices have fallen sharply but they could jump 23% over the next 12 to 36 monhts, according to Bank of America. BofA analysts said oil prices depend on a Fed pivot, as well as China reopening its economy. Fears of weaker growth have dragged oil lower, as well as other commodity markets, but a Fed pivot could bring demand back and send oil prices higher, Bank of America strategists wrote in a Monday note. Demand risks from a delayed China reopening could keep oil prices muted, but if Beijing accelerates the process it would present upside for Brent crude. What's more, aggregate open interest in oil markets has fallen off to a point not seen since 2015, BofA said, which poses another headwind for oil prices from the investor side.
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