Crude Oil

Gold prices fell on Tuesday as the markets weighed developments in the Middle East conflict and interest rate expectations before key U.S. Inflation data. Gold spot fell 0.6% to $4,705.99 an ounce at 0603 GMT after reaching a session high of three weeks earlier. U.S. Gold Futures for June Delivery fell 0.3% to $4.714.50. The hope for a peace agreement on?Iran has faded since U.S. president Donald Trump said that a ceasefire deal with Iran is "on life support".?Tehran rejected the U.S. proposal and refused to accept a list demands from the U.S. President Donald Trump called the proposal "garbage"....

The U.S. Dollar strengthened on Tuesday, as there were no signs that the war in the Middle East would be ended. This pushed oil prices up and worried investors about whether interest rates might need to remain high to combat inflationary pressures. Investors are now concerned that the ceasefire, which has been in place since the 7th of April, could be at risk and that hostilities may resume in this conflict that began in February and killed thousands. Brent crude futures rose 0.6% to $104.88 per barrel, as the Strait of Hormuz remained largely closed. U.S. West Texas Intermediate is...

Ankur Banerjee gives us a look at what the future holds for European and global markets The markets are stuck in a cycle of hope and disappointment as talks to end war in the Middle East continue to be deadlocked. Donald Trump, the U.S. president, said that a ceasefire agreement with Iran is "on life support", after Tehran rejected an American proposal to end this conflict. Investors bet that both sides would not escalate their attacks. The lack of progress between Washington and Tehran in the negotiations has begun to weigh on some corners of the stock market. Investors are...

Prices of oil rose by nearly 1% on Tuesday as the talks to end U.S. - Israel's?war on Iran? appeared fragile. Tehran's response?to a Washington proposal highlighted stark differences which have kept supply concerns alive. Brent crude futures rose 86 cents or 0.8% to $105.07 per barrel. U.S. West Texas Intermediate was up 99 cents or 1% at $99.06 as of 0411 GMT. Both benchmarks rose by nearly 2.8% Monday. U.S. president Donald Trump said on Monday that the ceasefire agreement with Iran is "on life support." He cited disagreements on several demands such as the cessation?of?hostilities across all fronts,...

The oil prices increased in the early Asian trading on Tuesday as negotiations to end the "war" between the United States of America and Iran appeared 'fragile.' Tehran’s response to the U.S. proposal highlighted stark differences which kept supply concerns alive. Brent crude futures rose 30 cents or 0.29% to $104.51 a barrel. U.S. West Texas Intermediate was up 31 cents or 0.32% to $98.38 at 00:02 GMT. Both benchmarks rose by nearly 2.8% Monday. U.S. president Donald Trump stated on Monday that the Iranian ceasefire was "on life support." He cited disagreements on several demands such as the cessation...

The dollar grew on Monday as investors awaited a possible meeting between U.S. president Donald Trump and Chinese president Xi Jinping. Oil prices rose after Trump described the U.S.-Iran ceasefire as "on life support" and dismissed Tehran's response following a U.S.-sponsored peace proposal. His comments stoked fears that the 10-week conflict would continue, paralyzing shipping in the Strait of Hormuz. Iran's response focused on ending war on all fronts. Tehran demanded compensation, stressed its sovereignty over Strait of Hormuz and called on U.S. officials to end their naval blockade and?guarantee that no more attacks will occur, lift sanctions, and remove...

Ship tracking data revealed that a cargo of crude oil from the U.S. Strategic Petroleum Reserve was heading to Turkey. This is the first shipment of U.S. emergency reserve oil destined for the Mediterranean country. The U.S. has begun releasing 172 millions barrels of oil from the SPR to help combat the rising crude prices. This is because the war in Iran?has disrupted global supply, and the Strait of Hormuz?remains largely closed. The U.S. is releasing 172 million barrels from the SPR to combat spiking crude prices, as the war in Iran?has upended global supplies with the Strait of Hormuz...

The dollar was barely changed as investors waited for a meeting between U.S. president Donald Trump & Chinese President Xi Jinping. Oil prices rose as the U.S.-Iran negotiations appeared to stall. Trump rejected Iran's response on Sunday to the U.S. proposal to hold peace talks in order to end the Middle East war, calling Tehran's requests "totally unacceptable." Iranian media reported the plan emphasized the need to end the war on all sides and lift sanctions against Tehran. It also called for reparations and the recognition of Iran's control of Strait of Hormuz as a vital energy channel. Scott Wren,...

The Indian diet cola consumer and the buyer of an electric vehicle may appear to have little in common. But they both face the risk of being affected by the closure of the Strait of Hormuz. The world economy will be affected by the second and third round effects of the closure of the narrow waterway. Already, the price of refined fuels like diesel and gasoline has increased and inflation is a result. Electric vehicles (EVs), which allow users to reduce their dependence on fossil fuels, are considered by many to be a big winner in the current conflict between...

The ongoing closure of the Strait of Hormuz may not seem to have much in common with the Indian diet cola consumers, but both are at risk. The world economy will be affected by the second and third round effects of the closure. This is because the price of refined fuels like gasoline and diesel has already increased. Electric vehicles (EVs), which allow drivers to reduce their dependence on fossil fuels, are widely considered one of the biggest winners in the current conflict between Iran and the United States. But EVs have a direct connection to the Strait of Hormuz,...

Dollar prices rose in Asia on Monday as signs of a deadlock between Iran and the United States led to the closure of 'the Strait of Hormuz, which is vital for oil exports. U.S.?futures? shook and in Asia, gains in AI-related stocks helped share markets in Seoul as well as mainland China. Donald Trump rejected Iran's response on Sunday to the U.S. proposal to hold peace talks in order to end the conflict, calling Tehran's demands "totally unacceptable." Iranian media reported that an Iranian plan sent to Washington stressed the need to end the war on all sides and lift...

Gold rose on Friday and is expected to gain a weekly gain, as optimism about a possible end to the Iran Conflict eased concerns over inflation and high interest rates. Spot gold rose 0.5% to $4,709.89 an ounce at 1551 GMT. It has gained 2.1% in the last week. U.S. Gold Futures increased 0.2% to $4.719.60. Due to its non-yielding properties, gold, which is typically seen as a safe haven in times of global turmoil, will be under pressure? when interest rates rise. "Gold is now trading more like a risky asset than a safe-haven. Gold's rebound is linked to...

Investors were 'fretted' that the talks between Iran and the U.S. had reached a deadlock, leaving the Strait of Hormuz almost?closed. This sent oil prices back up. Donald Trump, the president of the United States, rejected Iran's response on Sunday to a U.S. proposal for peace talks that would end the war. He said Tehran's requests were "totally inacceptable". Brent crude futures, around 45% more expensive than they were before Israel and the U.S. began their strikes against Iran on February 28th, jumped up to 4.6% over night and closed at $103.75 per barrel, an increase of 2.4% for the...

On Monday, the dollar rose and share futures fell in Asia as signs emerged that the talks between the United States &?Iran had reached a deadlock. This would have effectively closed the 'Strait of Hormuz and sent oil prices up. Donald Trump rejected Iran's response on Sunday to the U.S. proposal to hold peace talks in order to end the conflict, calling Tehran's demands "totally unacceptable." Iranian media reported that an Iranian plan sent to Washington stressed the need to end the war on all sides and lift sanctions against Tehran. Bruce Kasman noted that the conflict in the Middle...

On Friday, global equities were mixed as new U.S. job data showed growth in the U.S. market. However, consumer sentiment was down and oil prices continued to rise due to ongoing fighting near Strait of Hormuz. European stocks fell, but the S&P 500 gained 0.8% and the Nasdaq Composite jumped 1.4%. The Dow Jones Industrial Average remained largely unchanged. Chipmakers, such as Qualcomm, recovered. Qualcomm was up around 10% while Nvidia rose 2.3%. The price of oil rose again on the Friday following renewed fighting in the Strait of Hormuz, which raised doubts about the ceasefire agreement between Iran and...

China announced on Friday that it would raise the price caps of gasoline and diesel, one month after it curbed the price increases. The country is trying to control the inflationary effects of the Iran War and the closure of the Strait of Hormuz. The?country’s state planner announced on Friday that maximum retail gasoline prices and 'diesel will rise by 320 Yuan ($47.05), per metric tonne, as part of an ongoing price review. Retail diesel prices will also increase by 310 Yuan per metric tonne. China is the world's?second-largest consumer of oil. It has a diversified oil supply network and...

As the U.S. and Iran traded?fires in the Middle East many Asian markets were still on track for stellar gains this week as AI 'demand' swept over chipmakers. Benchmark Brent crude futures rose about 1% in Asia to $101 per barrel, while European stock?futures fell 0.8%. FTSE futures dropped 0.7% while S&P futures rose 0.3%. Sterling remained steady at $1.3575, but traders were wary of Labour Party losses, which could put pressure on Prime Minister Keir starmer. The United States and Iran clashed over the Gulf, and the UAE was again attacked in a test for a month-long truce. However,...

Oil prices rose on Friday, and stocks were slightly lower. The U.S. and Iran were exchanging fire in the Middle East. However, many Asian markets were still heading towards stellar weekly gains as AI demand has swept chipmakers. Benchmark Brent crude futures rose 1.3% to $101.60 per barrel, while European stock futures declined 0.7%. On Thursday, the United States and Iran traded fire in the most severe test of their month-long truce. Iran claimed that the situation was back to normal while the U.S. stated it didn't want to escalate. The President Donald Trump stated that the ceasefire which has...

On Thursday, global stocks mostly maintained their gains - despite the fact that oil prices fell again due to optimism about a U.S. Iran peace deal. Meanwhile, it appeared as if there was no resolution for the Strait of Hormuz. The previous session's highs were maintained on?Wall Street. The?S&P500 was little changed and the Nasdaq composite rose 0.27%. Dow Jones Industrial Average increased by 0.12%. The STOXX Europe 600 index was down 0.37% after a 2.2% jump on Wednesday. MSCI's broadest Asia-Pacific share index outside Japan also hit a new all-time record. Last up 1.75 %. Japan's Nikkei surpassed 62,000...

Oil prices sank as stocks rose Thursday amid optimism about a U.S. Iran peace deal. However, the fate of the Strait of Hormuz remained unclear. MSCI's "All-Country World Index" rose by 0.23%, approaching a record high. Europe's STOXX was little changed after a?2.2% jump on Wednesday. MSCI's broadest Asia-Pacific index outside Japan also rose to an all-time record high. After a long holiday weekend, trading on the Nikkei 225 index resumed. Samy Chaar, chief economist at Lombard Odier, said that while the Middle East situation is uncertain, "the market momentum is moving in a positive direction", and they have taken...

Stocks rose and oil prices fell?on Wednesday? after a report stated that?the White House believed it was close to a memorandum ending the war with Iran. Meanwhile, momentum in AI driven trades increased. Axios reported that the U.S. was expecting Iranian responses to several key issues in the next 48-hours. On Wednesday, a Pakistani source who is involved in peace efforts confirmed that the report was true. Brent crude, a global benchmark, fell 7.5% to $101.70 a barrel. A peace agreement could ease some of the pain for the oil and gas market. The Iran war has closed the Strait...

In the morning of Wednesday, the Asian session, stocks soared, oil prices fell and the dollar dropped after U.S. president Donald Trump hailed "great progress" toward a "final deal" with Tehran, while momentum for AI-driven trading accelerated. Trump said he would temporarily pause an operation of escorting ships through the Strait of Hormuz. The Strait of Hormuz carries a fifth of all global oil, and Iran has blocked it since late February. This has triggered a global energy shortage. Brent crude fell 1.2% to $108.51 per barrel on the news, while S&P500 e-minis futures rose 0.3%. MSCI's broadest Asia-Pacific index...

Anna Szymanski is the Editor-in Charge of Open Interest. Prices of oil jumped by 5% after Iran claimed it had stopped a U.S. ship from entering the Strait of Hormuz. The U.S., however, denied Iranian claims that it was hit by missiles. This came after President Donald Trump announced that the U.S. was going to begin helping ships stuck in the Strait of Hormuz. The yen briefly rose?against?the dollar, as traders waited for more buying by Japan's Ministry of Finance following a suspected intervention last Thursday. Below, I'll go into more detail. Listen to the Morning Bid podcast. Subscribe to...

Wayne Cole gives us a look at what the future holds for European and global markets. Strait?watching is back for a new week. Everyone is a shipping expert today and the Strait of Hormuz is where it's at. So President Trump surprised us this morning when he announced the launch of Project Freedom, which will help around 900'ships trapped in the Strait escape past the Iranians. The U.S. Central Command issued a short media release that said it would support merchant vessels in their quest to transit freely through this vital international trade corridor. CentCom has stated that this will...