Trump and Iran Sign Framework Peace Deal in France Amid Ongoing Middle East Tensions 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
German Industry Employment Falls to Lowest Level in a Decade 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
German Auto Suppliers Turn Bearish as Investment and Jobs Shift Overseas 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
Australia Eases Capital Gains Tax Reforms to Support Small Businesses and Startups 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Oil Prices Ease as Markets Weigh U.S.-Iran Peace Deal and Strait of Hormuz Reopening 
Gold Prices Rebound on U.S.-Iran Peace Deal Optimism Despite Fed Rate Hike Signals 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
Global oil prices climbed sharply on Thursday as escalating geopolitical tensions between the United States and Iran fueled concerns about further supply disruptions in the Middle East. Brent crude oil prices surged by as much as 7%, reflecting heightened market anxiety over potential military action and ongoing instability in a key oil-producing region.
Brent crude futures for June rose $6.81, or 5.8%, reaching $124.84 per barrel, extending gains from the previous session. The more actively traded July contract also increased by 3% to $113.78 per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures climbed $2.76, or 2.6%, to $109.64 per barrel, continuing a strong upward trend seen in recent sessions. Both oil benchmarks are on track for a fourth consecutive month of gains, with Brent prices more than doubling since the start of the year and WTI rising over 90%.
The surge in oil prices comes amid reports that the U.S. is considering military strikes against Iran to break a diplomatic stalemate over its nuclear program. The situation has intensified since airstrikes began earlier this year, followed by Iran’s retaliation through the near-total closure of the Strait of Hormuz—a critical chokepoint for global oil shipments. Although a ceasefire has temporarily halted direct conflict, the U.S. blockade of Iranian ports continues to disrupt supply chains.
Market analysts warn that the ongoing conflict could prolong supply shortages. With negotiations stalled, the likelihood of reopening the Strait of Hormuz remains uncertain. Experts also note that geopolitical risks are currently outweighing longer-term factors such as OPEC+ influence, especially after the United Arab Emirates announced its exit from the group.
Despite expectations that OPEC+ may increase oil production slightly, analysts believe it will not be sufficient to offset current supply deficits. As prices continue to rise, demand destruction—where consumers reduce usage due to high costs—is emerging as a possible balancing factor, though it may not fully resolve the supply gap.
Overall, the oil market remains highly volatile, driven by geopolitical developments, supply constraints, and shifting global demand patterns.
