An Iraqi supertanker’s quiet passage through the Strait of Hormuz has offered the first tangible sign of relief for global oil markets, hinting at easing supply constraints that have driven US gasoline prices to their highest levels in four years, according to a report from The Street. For nearly three months, the Strait of Hormuz
Swiss banking giant UBS has lowered its year-end 2026 gold price forecast, warning that elevated Treasury yields and a stronger US dollar are continuing to pressure investor demand for the precious metal. UBS analysts Dominic Schnider and Wayne Gordon cut their year-end target for gold to $5,500 per ounce from a previous forecast of $5,900.
Oil markets are weighing the prospects of a US–Iran framework agreement even as fresh American strikes on Iranian missile sites and mine‑laying vessels have tempered optimism. Brent crude has slipped back below $100 a barrel, down about 10% from last week, but the pace of recovery in Gulf exports remains uncertain. A new research report
Oil prices swung sharply on Wednesday as traders weighed progress in US–Iran peace talks against fresh American military strikes, underscoring the fragile balance between diplomacy and conflict. Brent crude fell more than 3% to around $95 a barrel, while West Texas Intermediate dropped 3.5% to $90.60. Earlier in the day, both Brent and WTI prices
Oil prices steadied in volatile trading on Tuesday after a sharp selloff in the previous session, as hopes for progress on reopening the Strait of Hormuz helped ease some of the market’s worst fears over energy supplies. Brent crude recovered around 1.5% to $97.76 a barrel after sliding 7% on Monday. The rebound followed a
The US dollar remained resilient against major currencies during the European session on Tuesday after weakening in the previous session, as geopolitical tensions in the Middle East continued to keep investors cautious. Although markets initially welcomed reports suggesting progress in negotiations between the United States and Iran, escalating tensions in the Strait of Hormuz limited
The British pound weakened on Tuesday as investor optimism surrounding a possible Iran peace agreement faded following recent US attacks on Iranian targets and comments from US Secretary of State Marco Rubio suggesting negotiations could take more time. Sterling was last down 0.2% against the US dollar at $1.348 after gaining 0.6% on Monday. The
The GBP/JPY cross attracted dip-buyers on Wednesday after pulling back modestly from the 214.65-214.70 region, which marked a fresh monthly high in the previous session. The currency pair maintained slight intraday gains during the early European session and traded around the 214.35-214.40 zone, up nearly 0.10% on the day. The pair continued to find support
The Indian Rupee (INR) traded marginally higher against the US Dollar (USD) in early trade on Wednesday as falling crude oil prices supported sentiment for the domestic currency. The USD/INR pair slipped toward 95.70 after oil prices failed to sustain Tuesday’s recovery amid continued optimism surrounding a possible agreement between the United States and Iran.
The US dollar, which has spent months trading in a narrow range, could be poised for a stronger move higher as investors increasingly expect the Federal Reserve to focus on rising inflation risks rather than interest rate cuts. The dollar had weakened sharply in the first half of last year, falling nearly 11%. Since then,