Goldman Sees Foreign Investors Driving India Stock Market Recovery 
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
Australian Business Conditions Hold Steady as Easing Cost Pressures Face New Oil Price Risks 
South Korea’s KOSPI Triggers Trading Curb as AI Chip Stock Selloff Deepens 
Gold Prices Fall as US-Iran Conflict, Rising Oil Prices Fuel Fed Rate Concerns 
Dollar Rises as Middle East Conflict Fuels Inflation and Rate Hike Fears 
Iraq PM Visits Washington as U.S. Oil, Gas Deals Take Center Stage 
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
Asia Stocks Slip as Iran-Hormuz Tensions Lift Oil Prices, Dollar and Bond Yields 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
Australia Consumer Sentiment Rises in July as Fuel Price Relief Lifts Confidence 
European Stocks Slip as Middle East Tensions and Hormuz Threat Rattle Markets 
Oil prices declined during early Asian trading on Tuesday after U.S. President Donald Trump announced a delay in a planned military strike against Iran, signaling that diplomatic negotiations were still underway. The development eased immediate fears of a broader Middle East conflict and reduced concerns over global oil supply disruptions.
West Texas Intermediate (WTI) crude futures for July delivery dropped 1.8% to $102.47 per barrel after opening more than 2% lower. Brent crude futures also moved lower as traders reacted to the latest geopolitical developments involving Iran, the United States, and key oil shipping routes.
The decline in crude oil prices followed comments from Trump stating that “serious negotiations” with Iran were ongoing. According to reports, Gulf nations urged the U.S. administration to postpone military action to prevent further instability across the region. However, Trump warned that the United States could still launch a “full, large-scale assault” if talks failed and reiterated that Iran must not obtain nuclear weapons.
Oil markets have remained highly volatile in recent weeks as tensions between Iran, Israel, and the U.S. intensified. Concerns over disruptions in the Strait of Hormuz, a critical global oil transit route responsible for roughly 20% of worldwide crude shipments, had previously pushed oil prices sharply higher.
Additional pressure on crude prices came after the U.S. Treasury extended a 30-day sanctions waiver allowing continued purchases of Russian seaborne oil. The waiver is expected to help stabilize global energy supplies, particularly for major Asian importers such as China and India, which have faced supply challenges linked to the Iran conflict.
Despite Tuesday’s pullback, analysts believe geopolitical risks in the Middle East will continue to influence oil price movements and global energy markets throughout 2026.
