Iran, oil, inflation and K-shaped consumption The conflict with Iran continues, the Strait of Hormuz remains closed and 20% of the world's energy supply has been constrained for more than 90 days. At the outset of this conflict, May 15 was often stated as the "pain point" when higher energy prices were sure to begin cutting into economic activity. Brent crude oil crested at $118/barrel and now sits at $95/barrel - more than 50% higher than at the outset of [...]
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UMB Financial Corporation published this content on June 04, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 04, 2026 at 20:24 UTC.
UMB Financial Corporation is a financial services company. Its segments include Commercial Banking, Institutional Banking, and Personal Banking. It offers commercial banking, which includes comprehensive deposit, lending, investment and retirement plan services; personal banking, which includes comprehensive deposit, lending, wealth management and financial planning services; and institutional banking, which includes asset servicing, corporate trust solutions, investment banking and healthcare services. Commercial Banking serves the commercial banking and treasury management needs of its small to middle-market businesses through a variety of products and services. Institutional Banking is a combination of banking services, fund services, asset management services, and healthcare services provided to institutional clients. Personal Banking products include deposit accounts, retail credit cards, private banking, installment loans, home equity lines of credit, and residential mortgages.
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