Gold Price Rises as Investors Weigh U.S.-Iran Talks and Fed Policy Outlook 
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
Dollar Holds Firm as U.S.-Iran Talks Ease Tensions, GBP/USD Slips Amid UK Political Uncertainty 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
100+ Global Companies Push Governments to Prioritize Electrification for Economic Growth 
Trump Questions USMCA Renewal as Trade Talks Continue 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
US Stock Futures Recover as Iran Signals Progress in Peace Talks 
German Industry Employment Falls to Lowest Level in a Decade 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
Russian Stocks End Flat as MOEX Index Hits New 52-Week Low 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Oil prices dropped at the start of Monday’s trading session as OPEC+ announced a larger-than-expected output hike, heightening concerns about a potential oversupply in the global market.
Brent crude futures slipped 67 cents, or 1%, to $67.63 a barrel as of 2308 GMT. U.S. West Texas Intermediate (WTI) crude saw a sharper decline, falling $1.20, or 1.8%, to $65.80 per barrel.
The drop follows OPEC+’s decision over the weekend to increase oil production by 548,000 barrels per day (bpd) in August. This marks a significant rise from previous monthly hikes of 411,000 bpd in May through July and 138,000 bpd in April. The meeting was the group’s first since recent geopolitical tensions—sparked by Israeli and U.S. strikes on Iran—caused oil prices to spike and then retreat.
The Organization of the Petroleum Exporting Countries and its allies, known collectively as OPEC+, cited a stable global economic outlook and robust market fundamentals, such as low inventory levels, as justification for ramping up supply. However, the move has triggered market anxiety over whether the supply increase could outpace demand recovery, especially amid persistent economic uncertainties in major markets.
The decision underscores OPEC+’s balancing act between stabilizing prices and meeting growing global energy demands. While the group aims to support economic momentum by easing output restrictions, investors are wary that the rapid increase in supply could put downward pressure on oil prices in the short term.
As oil traders monitor upcoming demand data and geopolitical developments, market volatility is expected to persist. The next OPEC+ meeting will be closely watched for signs of any shift in production strategy.
