Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
German Industry Employment Falls to Lowest Level in a Decade 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Dollar Holds Firm as U.S.-Iran Talks Ease Tensions, GBP/USD Slips Amid UK Political Uncertainty 
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
US Stock Futures Recover as Iran Signals Progress in Peace Talks 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi 
Trump Questions USMCA Renewal as Trade Talks Continue 
Russian Stocks End Flat as MOEX Index Hits New 52-Week Low 
Oil prices surged sharply in Asian markets on Friday after Israel launched a large-scale preemptive airstrike on Iran, raising fears of a wider Middle East conflict and potential disruptions to global oil supply.
As of 21:22 ET (01:22 GMT), Brent crude futures for July delivery spiked 8.5% to $75.15 per barrel—the highest level since early February. West Texas Intermediate (WTI) crude futures rose 8.4% to $73.68 per barrel, marking a significant jump driven by mounting geopolitical tensions.
According to media reports, Israel carried out airstrikes on “dozens” of Iranian military and nuclear facilities early Friday. Explosions were reported across Tehran, and Iranian state media confirmed the activation of its air defense systems. Israel's Defense Minister Israel Katz warned of an imminent retaliatory missile and drone attack from Iran, potentially targeting Israeli civilians.
The United States emphasized its non-involvement in the operation. Two U.S. officials told Reuters that Israel acted independently, and CNN reported that President Donald Trump held an emergency cabinet meeting in response to the situation.
The sudden escalation between Israel and Iran has injected a fresh geopolitical risk premium into oil markets. Traders are now pricing in the possibility of major supply disruptions, especially if the conflict impacts key oil-producing regions or transport routes.
Friday’s dramatic oil rally highlights the market’s sensitivity to geopolitical developments in the Middle East, a region critical to global energy flows. The ongoing uncertainty is expected to keep crude prices volatile in the near term, with energy traders closely watching for further retaliatory moves from Iran or wider regional fallout.
