US Stock Futures Recover as Iran Signals Progress in Peace Talks 
US Dollar Hits One-Year High as Hawkish Fed Outlook Overshadows Middle East Developments 
Oil Prices Fall as Iran Peace Talks Progress, Hormuz Reopens, and U.S. SPR Hits 1983 Low 
New Zealand Fast-Tracks Gold Mining as Industry Revival Gains Momentum 
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
Asian Stocks Slide as AI Rally Pauses, South Korean Chipmakers Lead Regional Decline 
Russian Stocks End Flat as MOEX Index Hits New 52-Week Low 
Japan Manufacturing Growth Accelerates in June as Orders Surge Despite Iran War Cost Pressures 
Japan Keeps Markets Guessing as Yen Nears 40-Year Low, Raising Intervention Risks 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
100+ Global Companies Push Governments to Prioritize Electrification for Economic Growth 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire 
Oil prices slipped in Asian trading on Monday, extending last week's losses as weak U.S. economic data fueled concerns over slowing demand. Brent crude fell 0.3% to $74.24 per barrel, while WTI declined 0.4% to $69.97.
Recent U.S. data pointed to a potential economic slowdown, weighing on oil markets. February’s Services PMI dropped to 50.4 from 52.7 in January, signaling weaker private-sector growth. Meanwhile, the University of Michigan’s consumer sentiment index hit a 15-month low at 64.7, reflecting inflation worries and proposed tariffs.
Investors are also closely watching peace negotiations between Russia and Ukraine, which could impact global energy markets. The U.S. is mediating talks, with President Donald Trump engaging in high-level discussions. However, Ukrainian President Volodymyr Zelenskyy insists on Ukraine’s direct involvement. A peace deal could ease sanctions on Russian energy exports, boosting oil supply and potentially lowering natural gas prices in Europe.
Despite the dip, supply disruptions limited further losses. The Caspian Pipeline Consortium (CPC) saw reduced oil flows of 30-40% after a Ukrainian drone struck Russia’s Kropotkinskaya pumping station. Meanwhile, OPEC+ is considering postponing planned production hikes initially set for April, further tightening supply.
With economic concerns dampening demand and geopolitical factors influencing supply, oil markets remain volatile. Investors will monitor upcoming economic reports and diplomatic developments for further price direction.
