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Commodities

Wall Street Futures Slip After Record Run: Iran Strikes Resume and PCE Inflation Test Looms

Key Takeaways Futures ease: S&P 500 futures fell 0.2% to 7,525.20, Nasdaq 100 futures dropped 0.5% to 29,890.75, and Dow futures ticked down 0.1% to 50,703.0. Record session overnight: All three major indexes hit all-time closing highs after Iranian state media reported a draft Hormuz framework was being discussed. Fresh …

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Gold Stuck in Tight Range as Iran Strikes Reignite Inflation Fears: PCE Data Could Seal the Deal on Rate Hikes

Key Takeaways Gold falls: Spot gold dropped 0.4% to $4,438.92 per ounce, while gold futures eased 0.3% to $4,467.57. Range-bound for 10 days: Spot prices have been trapped between $4,400 and $4,600 per ounce since mid-May. Silver and platinum retreat: Spot silver fell 0.9% to $73.9595/oz, while spot platinum dropped …

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War Reignites: Iran Strikes U.S. Airbase in Kuwait as Peace Deal Hopes Collapse and Oil Surges 4%

Key Takeaways Crude rockets higher: Brent surged 3.8% to $97.83 per barrel, while WTI jumped 4% to $92.26 — recouping a bulk of this week’s sharp losses. Iran hits U.S. airbase: Iran’s Revolutionary Guard confirmed strikes on a U.S. airbase in Kuwait in retaliation for American attacks on Bandar Abbas. …

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US–Iran Talks Slow Over Nuclear Program and Sanctions Relief

Iran

Progress toward a potential agreement between the United States and Iran slowed after both sides became increasingly divided over issues tied to Tehran’s nuclear program and demands for sanctions relief.The slowdown follows days of growing optimism that negotiations were moving closer to a breakthrough that could help ease regional tensions …

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EU–China Trade War Fears Rise as Brussels Prepares Emergency Measures Against Chinese Imports

The European Union is preparing a new wave of trade measures targeting Chinese imports as tensions between Brussels and Beijing continue to escalate. European officials are expected to discuss emergency economic tools designed to protect local industries from what the bloc describes as unfair competition and industrial overcapacity coming from …

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Oil Prices Drop Sharply as US–Iran Peace Talks Lift Global Market Sentiment

Brent and WTI crude slide several percent as geopolitical tensions ease and traders price in potential supply stability.Global oil prices fell sharply as renewed optimism over US–Iran negotiations sparked expectations of easing geopolitical tensions in the Middle East. The potential progress toward a diplomatic understanding has reduced fears of supply …

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Brent Crashes Below $100 as Iran Framework Deal Emerges: Tehran Drops Toll Threat But Hormuz Details Murky

Key Takeaways Brent breaks $100: The global benchmark plunged 4.7% to $95.55 per barrel, while WTI slid 5.1% to $91.70. Framework deal reached: Iran and the U.S. have reached a framework of an agreement, per an Iranian foreign ministry spokesperson. Hormuz specifics missing: The current MOU draft does not include …

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Brent Crashes Below $100 as Rubio Touts “Pretty Solid” Hormuz Framework: But Nuclear Standoff and Blockade Cloud the Picture

Key Takeaways Brent breaks $100: Futures slid 5.6% to $97.74 per barrel — the weakest level in nearly three weeks. WTI plunges: U.S. crude fell 6.1% to $90.71 per barrel. Rubio’s “pretty solid” framework: The Secretary of State said the U.S. and Iran have a solid framework deal on reopening …

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