German Industry Employment Falls to Lowest Level in a Decade 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Japan Signals Readiness to Intervene as USD/JPY Nears 161 Amid Yen Weakness 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
Oil Prices Ease as Markets Weigh U.S.-Iran Peace Deal and Strait of Hormuz Reopening 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
Oil Prices Drop as U.S.-Iran Peace Deal Eases Supply Concerns 
Australia Eases Capital Gains Tax Reforms to Support Small Businesses and Startups 
Europe EV Demand Surges as Fuel Prices Rise Amid Iran Conflict 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
Gold Prices Rebound on U.S.-Iran Peace Deal Optimism Despite Fed Rate Hike Signals 
Oil prices continued their downward trend during Asian trading hours on Wednesday, extending significant losses from earlier in the week as diplomatic developments between the United States and Iran raised hopes for a resolution to ongoing Middle East supply disruptions.
Brent crude futures declined 0.4% to $94.40 per barrel, while West Texas Intermediate dropped 0.6% to $87.86 per barrel as of 20:48 ET. The pullback comes after oil markets recorded historic price surges throughout March, driven by severe supply constraints linked to the Iran conflict.
President Donald Trump signaled on Tuesday that further U.S.-Iran peace negotiations could take place within days in Islamabad, even as Washington's naval blockade of Iran entered its third consecutive day. Although the blockade targets only Iranian ports and vessels, analysts warn it risks deepening disruptions to oil flows through the Strait of Hormuz — a critical global energy chokepoint responsible for approximately 20% of worldwide oil supply. Several Asia-Pacific economies remain heavily reliant on this passage.
A fragile ceasefire between the two nations appeared to be holding, with no new military strikes reported since late the previous week. U.S. officials are reportedly pushing to secure additional peace agreements before the ceasefire window closes. Parallel negotiations between Israel and Lebanon in Washington also bolstered market optimism, as Lebanon's inclusion in any ceasefire deal has been a key Iranian demand.
Despite the cautious relief, energy analysts at ANZ warned that oil markets remain fundamentally tight. According to their estimates, the ongoing conflict has removed at least 10 million barrels per day from global supply. They noted that even without further escalation, constrained supply balances alone are enough to keep Brent crude prices elevated. The longer the geopolitical standoff continues, the more sustained these upward price pressures are likely to remain.
