Iran Demands Lifting of Siege and Halt to US Attacks, Iraqi Official Reports
An Iraqi official has conveyed Iran's leadership demands for lifting the siege and stopping American attacks. This highlights ongoing regional tensions involving Iran and the US. The developments may impact geopolitical stability in the Middle East.
India Plans to Divest Stake in Iran’s Chabahar Port Ahead of US Sanctions Expiry
India is expected to transfer its stake in Iran’s strategic Chabahar port to a local entity to maintain operations and avoid US sanctions risks. The move aims to preserve access to Afghanistan and Central Asia while allowing for potential future Indian control once sanctions are lifted.
Chinese Lidar Maker Robosense to Build First Overseas Plant in Southeast Asia Amid US-China Tensions
Robosense, a leading Chinese lidar manufacturer, is establishing its first overseas plant in Southeast Asia. The company acknowledges concerns from foreign clients regarding ongoing US-China tensions and tariffs, influencing its expansion strategy.
USD/JPY Weekly Outlook: Hormuz overshadows huge BOJ and Fed week
USD/JPY has reverted to a straight rates play between the US and Japan, with developments in the Gulf the key underlying driver of both outlooks. Extended uncertainty surrounding the Iran war now has both the Federal Reserve and Bank of Japan expected to keep policy settings on hold in the near term, a sharp shift from the pre-conflict view that the Fed would cut at least two times this year while the BOJ hiked twice.
Syrian Tycoon Lobbied Trump, Leading to Sanctions Lift and $12B Contracts
A Syrian tycoon reportedly influenced former President Trump through real estate deals, resulting in the lifting of sanctions and unlocking $12 billion worth of contracts. This development highlights the intersection of business and politics impacting international agreements.
Gulf Oil Production Plummets 57% Due to Iran Conflict, Major Producers Severely Impacted
Oil output in the Gulf region has dropped by approximately 57%, equivalent to a 14.5 million barrels per day reduction, with Saudi Arabia, Iraq, UAE, and Iran among the hardest hit. Goldman Sachs warns that reopening the Strait of Hormuz to restore supply could take months amid ongoing disruptions.
AUDUSD Price News: Aussie Dollar Ends Week Near Monthly Highs
AUD/USD ends the week near monthly highs as hawkish RBA bets hit 80% for May; bulls need 0.71875 to confirm a fresh run at the 0.7222 four-year peak.
USD/SGD: Upside risks as Hormuz crisis persists – OCBC
USD/SGD: Upside risks as Hormuz crisis persists – OCBC
EUR/USD Analysis: What's Next for the Euro in the Coming Week?
As the trading week comes to an end, EUR/USD has posted a gain of more than 0.3% during the final session, with the euro showing a modest recovery in strength in the short term. However, when looking at the average of recent sessions, price action continues to reflect a consistent phase of neutrality.
USD/CHF Price Forecast: Rejected at 100-day SMA, eyes on 0.7800
USD/CHF Price Forecast: Rejected at 100-day SMA, eyes on 0.7800