Gold Prices Slide as Treasury Yields Surge, Fed Minutes in Focus 
US Dollar Holds Steady as Fed Rate Bets and Iran Tensions Drive Markets 
Gold Prices Hold Near $4,400 as Fed Rate Hike Bets Fade 
Japan Economy Grows 1.1% in Q2 as Consumer Spending Stalls 
Oil Prices Steady as Strait of Hormuz Traffic Slows Amid US-Iran Conflict 
US Dollar Hovers Near Multi-Month Lows as Fed Rate Hike Bets Ease 
Yen Edges Higher as Weak US Data Dampens Fed Rate Hike Expectations 
European Stocks Edge Higher as Fed Rate Pause Bets Rise 
Morgan Stanley Sees Fed Holding Rates as U.S. Inflation Cools 
Asian Stocks Steady as Iran War Keeps Oil Prices and Inflation Risks Elevated 
Oil Prices Rise as U.S.-Iran Tensions Grip Strait of Hormuz 
Dollar Slides as Soft U.S. Data Cuts Fed Rate Hike Bets 
US Eyes Refinery Boost as Trump Seeks Relief From High Gas Prices 
Malaysia Inflation Eases to 1.8% in July, Below Forecast 
Wall Street Slides as Treasury Yields Surge to 19-Year High 
Colombia Earthquake Losses Estimated at $9.58 Billion as Reconstruction Challenge Mounts 
US Stock Futures Steady as Cooling Inflation and Strong Earnings Support Markets 
Add as a preferred source on Google
Oil prices climbed on Tuesday, extending their weekly gains as renewed US-Iran tensions heightened concerns about crude supply disruptions through the Strait of Hormuz, one of the world’s most important energy shipping routes.
Brent crude futures for October delivery rose 0.4% to $91.27 per barrel after briefly reaching $92. US West Texas Intermediate (WTI) crude futures gained 0.8% to $84.39, having touched $85.01 earlier. Both benchmarks have advanced more than 2% this week.
President Donald Trump said there were no negotiations underway or scheduled with Iran following the expiration of an interim peace agreement. He added that the US naval blockade remained in effect while claiming the Strait of Hormuz was open and water mines had been cleared.
Iran has also denied holding talks with Washington. Tehran has demanded an end to hostilities and the release of frozen Iranian assets before reopening the strait. Iranian officials have meanwhile been working with Oman on a framework for managing the strategic waterway.
Shipping activity through the Strait of Hormuz has fallen sharply amid fears of Iranian attacks. Kpler data showed only three confirmed crossings on Sunday, while total crossings dropped 19.5% to 95 last week. Before the conflict, more than 130 vessels reportedly passed through the strait each day.
Security concerns intensified Tuesday after the United Kingdom Maritime Trade Operations agency reported that a vessel traveling outbound through the strait was hit by an unidentified projectile. The incident damaged the ship’s engine room and resulted in a crew casualty.
Separately, the United Arab Emirates said it detected two ballistic missiles approaching from Iran before they fell into the sea.
With shipping traffic constrained and tensions between Washington and Tehran showing little sign of easing, traders remain focused on potential disruptions to Middle Eastern oil exports. Any further escalation around the Strait of Hormuz could increase volatility in Brent and WTI crude prices and reinforce concerns over global energy supplies.
