Gold Prices Hold Near Record Levels as Inflation Concerns Offset Middle East Ceasefire Hopes 
South Korea Central Bank Holds Interest Rates Steady Amid Inflation Concerns 
New World Screwworm Found Near U.S. Border Raises Threat to Cattle Industry and Beef Prices 
UK Grocery Inflation Slows to 3.1% as Supermarket Price Pressures Ease in May 2026 
US Dollar Slips as Markets Weigh Potential US-Iran Peace Deal and Oil Price Outlook 
Mega IPOs Like SpaceX and OpenAI Could Reshape S&P 500 and Nasdaq 100 Portfolios in 2026 
S&P 500 Hits Record High as Tech Rally Slows Amid Iran Peace Uncertainty 
US Launches New Trade Investigation Into Vietnam Over Intellectual Property Concerns 
ECB’s Philip Lane Warns Middle East Conflict Could Keep Inflation Elevated 
Tokyo Inflation Cools in May, Supporting BOJ’s Cautious Rate Hike Path 
Wall Street Reaches New Record Highs as AI Boom and Iran Ceasefire Hopes Boost Markets 
Gold Prices Slip as Stronger Dollar and Iran Peace Talk Uncertainty Weigh on Market 
Asian Currencies Steady as U.S.-Iran Ceasefire Extension Hopes Weigh on Dollar 
U.S. Launches New Strikes on Iran as Trump Signals Peace Deal Uncertainty 
Oil Prices Fall as Markets Await U.S.-Iran Peace Deal Decision 
Asian Markets Slide as New U.S. Strikes on Iran Spark Investor Caution 
Wall Street Hits New Highs as U.S.-Iran Ceasefire Talks Boost Market Sentiment 
Oil prices declined in early Thursday trading after Israel and Hamas agreed to the first phase of a plan aimed at ending the long-standing conflict in Gaza. The announcement reduced the war risk premium on crude, prompting investors to sell and pushing prices lower.
Brent crude futures fell 51 cents, or 0.77%, to $65.74 a barrel by 0002 GMT, while U.S. West Texas Intermediate (WTI) crude slipped 55 cents, or 0.88%, to $62 a barrel. The decrease followed confirmation from U.S. President Donald Trump that Israel and Hamas had reached a long-sought ceasefire and hostage-release agreement, marking a significant step toward ending the two-year war in the Palestinian enclave.
Israeli Prime Minister Benjamin Netanyahu stated that his government would convene on Thursday to approve the ceasefire deal. The Gaza conflict has long supported oil prices, with traders assessing the potential impact of regional escalation on global energy supply. The latest peace developments reduced that geopolitical tension, leading to a short-term pullback in prices.
On Wednesday, crude prices had gained around 1%, reaching a one-week high as investors reacted to stalled negotiations over a Ukraine peace deal. The lack of progress was seen as a factor maintaining sanctions against Russia, supporting global supply constraints and, in turn, oil prices.
Meanwhile, data from the U.S. Energy Information Administration (EIA) revealed that total weekly U.S. petroleum products supplied—a proxy for oil demand—rose to 21.99 million barrels per day last week, the highest level since December 2022.
The combination of easing geopolitical tensions and robust U.S. demand presents a complex outlook for global oil markets. While the Gaza ceasefire has softened near-term price pressure, sustained consumption growth and lingering geopolitical risks may keep volatility elevated in the weeks ahead.
