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US-Iran Peace Agreement Boosts Oil, Markets Overlook Hawkish Fed
The interim peace deal between the US and Iran has spurred oil flows and lifted global markets, shifting investor focus away from the Fed's surprise hawkish stance.
Deutsche Bank: Brent Oil Recovers After Initial Dip on US-Iran Deal
Deutsche Bank reports that Brent crude initially fell on the US-Iran memorandum of understanding as war premium faded, but later reversed to close slightly higher.
Norges Bank, BoE, SNB Expected to Hold; Oil Drops on Strait of Hormuz Normalization
Central banks in Norway, the UK, and Switzerland are expected to keep rates unchanged, while oil prices decline as the Strait of Hormuz shows signs of normalizing traffic.
Oil Flows from Hormuz; Volatility Amid Thin Liquidity
Oil has started flowing out of the Strait of Hormuz, while volatility increases due to reduced liquidity with markets in China, Hong Kong, Taiwan, and the US closed. Central bank actions were in line, and the USTR is focusing on the EU.
Pakistan LNG Cancels Spot Tender as QatarEnergy Tanker Heads to Port Qasim
Pakistan LNG has canceled its spot tender for a prompt LNG cargo scheduled to close today, while a QatarEnergy tanker, having transited the Strait of Hormuz, is heading to Port Qasim.
WTI Crude Holds Above $75.50 as Iran Risk Supports; 200-Day SMA in Focus
WTI crude oil stabilized above $75.50 in Asian trading, bouncing from a multi-month low of $72.80 as Iran uncertainty lent support. Traders now eye the 200-day simple moving average as a key technical level.
JD Vance postpones US-Iran talks in Switzerland
Vice President JD Vance has postponed his planned trip to Switzerland for US-Iran talks, initially expected to begin Friday, due to Iranian claims regarding Lebanon.
Andy Burnham Wins By-Election, Sets Stage for Potential Labour Leadership Challenge
UK Labour's Andy Burnham won the Makerfield by-election on Friday, positioning himself to potentially challenge Prime Minister Keir Starmer for party leadership, according to CNN.
JD Vance Casts Doubt on Switzerland Trip Amid Iran Talks Uncertainty
U.S. Vice President JD Vance indicated his planned trip to Switzerland may not proceed as uncertainty around U.S.-Iran negotiations grows, with reports that Tehran has suspended participation in the 60-day talks.
EU Moves to Toughen Trade-Defense Tools Against China
European leaders have asked the European Commission to develop stronger trade-defense tools to counter China's state-backed industrial overcapacity, subsidies, and economic coercion.
Australian Beef Hit With 55% China Tariff After Quota Filled
China's safeguard quota for Australian beef imports has been fully utilized, triggering an additional 55% tariff on shipments entering China through the remainder of 2026.
BoJ's Himino Says Price Rises Reflect Both Supply and Demand Factors
Bank of Japan policymaker Kazuo Himino stated that recent price increases are driven not only by supply pressures but also by demand strength from corporate profits, wage gains, and AI-related demand.
WTI Falls to Near $75 as Hormuz Shipping Conditions Improve
West Texas Intermediate crude oil edged lower during Friday’s Asian session, slipping to around $75.10 per barrel as improved shipping conditions in the Strait of Hormuz eased supply concerns.
Asian Stocks Advance on US-Iran Peace Deal; Oil Falls Below $75
Asian equities are set to rise after a US-Iran peace deal boosts confidence that the Strait of Hormuz will reopen, restoring oil flows and easing inflation. WTI crude extends its weekly decline, trading near $75 a barrel.
BOJ's Himino: Policy Not Focused on FX, But Currency Moves Have Stronger Inflation Impact
Bank of Japan Deputy Governor Ryozo Himino said monetary policy is not directly focused on exchange rates, but acknowledged that currency fluctuations are having a greater impact on inflation than in the past due to changes in corporate behavior.
US Ends Naval Blockade After Iran Interim Peace Deal Takes Effect
The US has lifted its naval blockade of Iran as an interim peace deal comes into force, allowing shipping to resume through the Strait of Hormuz. Iran's supreme leader called the agreement a sign of 'desperation' by President Trump.
Japan May National CPI Rises 1.5% YoY, Core CPI Meets Expectations
Japan's National Consumer Price Index rose 1.5% year-on-year in May, accelerating from 1.4% in April. Core CPI also increased in line with market expectations.
US Margin Debt Hits Record $1.42 Trillion in May
US margin debt rose by $112 billion in May to a record $1.42 trillion, marking the second consecutive monthly increase and a 54% surge over the past year. Real (inflation-adjusted) margin debt has grown 550% since 1997, far outpacing the S&P 500's real gain of 357.7%.
Iran suspends 60-day US negotiation after Israeli strikes
Iran has halted its planned 60-day negotiation process with the U.S., citing violations of the agreement’s first clause following Israeli strikes in southern Lebanon. A trip to Switzerland for initial talks has been canceled, and negotiations remain paused until attacks cease and commitments are upheld.
Iran Negotiator Warns Strong Response to Any Breach of Agreement
Iran's top negotiator Mohammad Qalibaf warned that any breach of the agreement or excessive demands will be met with a forceful retaliation, vowing no hesitation in delivering a strong response if commitments are broken.
Nvidia Sells $25B in Bonds, Second-Largest US High-Grade Deal of 2026
Nvidia raised $25 billion in investment-grade bonds on June 15, its first debt sale since 2021. The offering attracted $85 billion in orders and was upsized from an initial $20 billion target.
Zelensky Urges Fast-Track EU Membership, Links Europe’s Security to Ukraine’s Army Funding
Ukrainian President Zelensky called for accelerated EU membership, arguing that Europe’s future is being decided on the battlefield and that EU security depends on financial guarantees for Ukraine’s military.
Silver Market Faces Sixth Straight Annual Deficit Despite Solar Industry Reducing Usage
The solar industry is cutting silver content per panel, but the silver market is still headed for a sixth consecutive annual deficit.
White House Unveils AI Security Framework, Iran Truce Memo, Secret Service Fund Diversion
The White House is developing an AI security framework with Anthropic, submitted an Iran truce memorandum to Congress, former AI policy official Dean Ball joins OpenAI, and $352M was diverted from the Secret Service to the East Wing.