Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire 
Oil Prices Fall as Iran Peace Talks Progress, Hormuz Reopens, and U.S. SPR Hits 1983 Low 
Wall Street Ends Mixed as Alphabet Slumps, Middle East Developments and Fed Outlook Weigh on Markets 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
US Dollar Hits One-Year High as Hawkish Fed Outlook Overshadows Middle East Developments 
Japan Manufacturing Growth Accelerates in June as Orders Surge Despite Iran War Cost Pressures 
Asian Stocks Slip as Oil Rebounds Amid Fed Rate Hike Fears 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Gold Price Rises as Investors Weigh U.S.-Iran Talks and Fed Policy Outlook 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
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 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
Japan Keeps Markets Guessing as Yen Nears 40-Year Low, Raising Intervention Risks 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
Oil prices hit a near three-month low in Asian trading on Tuesday as fears of economic disruptions from U.S. trade tariffs and rising OPEC+ production weighed on the market. Brent crude futures fell 0.8% to $71.07 per barrel, while West Texas Intermediate (WTI) dropped 0.7% to $67.64 per barrel.
Investor sentiment weakened after U.S. President Donald Trump raised tariffs on Chinese goods to 20%, with additional 25% tariffs on Canada and Mexico set to take effect. The move sparked concerns about slowing global trade, potentially dampening oil demand, especially from China, the world’s top oil importer. Market jitters were further fueled by expectations of retaliatory measures from China, intensifying the trade conflict.
Adding to the pressure, OPEC+ confirmed it will proceed with its planned oil production increase in April, despite Trump’s push to stabilize prices. The cartel’s output hike, estimated at 138,000 barrels per day, is relatively small compared to the 5.8 million bpd cuts since 2022 but still signals looser supply conditions. This comes at a time when global oil demand is already softening due to economic slowdowns and inflation concerns.
Despite rising geopolitical tensions, including an escalation in the Russia-Ukraine war and the U.S. halting military aid to Ukraine, oil markets largely overlooked these risks. The focus remains on trade uncertainties and increasing supply, which could keep prices under pressure in the near term.
With trade wars intensifying and OPEC+ supply set to rise, oil markets face heightened volatility, keeping investors cautious.
