U.S. Treasury Secretary Bessent Confident Trump-Starmer Relations Will Improve
U.S. Treasury Secretary Bessent expressed optimism that the relationship between Trump and Starmer will be restored to a positive trajectory. This statement suggests potential easing of political tensions affecting economic policies.
U.S. Treasury Secretary Confirms No Mining in Strait of Hormuz, Predicts 3% Economic Growth Post-Iran Conflict
U.S. Treasury Secretary Bessent confirmed that Iran has not mined the Strait of Hormuz. He also expressed optimism about the U.S. economy, forecasting a 3% growth rate and a return to stability following the Iran conflict.
U.S. Treasury Secretary Bessent Says Fed Far from Quantitative Easing, Expects Lower Oil Prices Post-Conflict
U.S. Treasury Secretary Bessent indicated that the Federal Reserve is not close to resuming quantitative easing measures. He also forecasted a decline in oil prices over the medium term once ongoing conflicts conclude.
Gold (XAU/USD) Price Forecast: Bear Flag Signals Further Weakness
Spot gold faces potential downside as a bear flag and rising wedge breakdown suggest testing support between $4,592 and $4,402, with key moving averages in play.
Gold Slips as Crude Oil Surges on Middle East Tensions
Gold's safe-haven appeal faltered on Thursday as the precious metal slipped alongside equities, even as geopolitical risks in the Middle East intensified. Meanwhile, crude oil volatility surged, with Brent and WTI jumping sharply on fears that the conflict could disrupt global energy supply routes.
USD/MYR: Geopolitics and Oil risk steer Ringgit – OCBC
USD/MYR: Geopolitics and Oil risk steer Ringgit – OCBC
Global Stocks Decline as Brent Crude Surges Above $100 Amid Iran Conflict
Global stock markets fell, with the S&P 500 dropping approximately 1.5%, following Brent crude oil prices rising above $100 per barrel due to supply disruptions related to the war with Iran. The surge in oil prices has raised concerns about economic stability and inflation pressures worldwide.
USD/CNH: Consolidation with Oil and risk in focus – OCBC
USD/CNH: Consolidation with Oil and risk in focus – OCBC
WTI Crude Oil Nears $96 Amid IEA Warning of Major Market Disruption
West Texas Intermediate crude oil prices surged close to $96 as the International Energy Agency cautioned that the current disruption could be the largest in oil market history. Meanwhile, former President Donald Trump emphasized that preventing Iran from acquiring nuclear weapons remains a top priority.
Brent Crude Surges Above $100 Amid Iran Conflict Disruptions
Brent crude oil prices closed above $100 per barrel for the first time since 2022, driven by supply disruptions caused by the ongoing war involving Iran and its impact on shipping through the Strait of Hormuz. This escalation highlights growing geopolitical tensions affecting global energy markets.