Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand 
Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings 
Japan Core Inflation Seen Rising in June, Strengthening BOJ Rate Hike Outlook 
ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain 
Gold Prices Head for Biggest Weekly Loss Since June as Fed Rate Outlook Weighs 
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
Nikkei Plunges 5% as AI Stock Selloff Spreads Across Asia 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
Oil Prices Set for Weekly Surge as U.S.-Iran Conflict Fuels Supply Fears 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
Asian Currencies Hold Steady as Middle East Tensions Offset Weaker US Dollar 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
Oil prices remained stable on Tuesday as traders assessed the impact of new U.S. trade tariffs. Brent crude futures edged up 11 cents (0.14%) to $75.98 per barrel, while U.S. West Texas Intermediate (WTI) crude rose 5 cents (0.07%) to $72.37.
President Donald Trump imposed a 25% tariff on all steel and aluminum imports without exemptions, targeting shipments from Canada, Brazil, Mexico, South Korea, and others. The move, aimed at supporting U.S. industries, raises concerns about a potential multi-front trade war that could slow global economic growth and weaken energy demand.
Last week, Trump delayed 25% tariffs on Mexican and Canadian imports and 10% duties on Canadian crude oil until March 1, pending negotiations. Meanwhile, China retaliated against U.S. tariffs with a 10% levy on American crude imports, set to take effect Monday. Trade talks between the two nations show no signs of progress, adding further uncertainty to global markets.
Additionally, the U.S. Federal Reserve is expected to hold interest rates steady until next quarter. A delay in rate cuts could curb economic growth and, in turn, limit oil demand. Economists had previously predicted a rate reduction in March, but inflation concerns may keep rates elevated.
On the supply side, U.S. crude and gasoline stockpiles likely increased last week, while distillate inventories may have declined, according to a preliminary Reuters poll. Official data from the American Petroleum Institute is due Tuesday, followed by an Energy Information Administration report on Wednesday.
Market sentiment remains cautious as investors weigh trade tensions, economic risks, and energy demand forecasts.
