Crude Oil Trading Alert: Stalled US-Iran negotiations heighten supply concerns, with WTI crude facing resistance at the $100 psychological level.
The international crude oil market continued to experience volatile movements on Tuesday, with concerns over the escalation of the situation in the Middle East and constrained global crude oil supply significantly rising. As negotiations between the United States and Iran have reached a deadlock, coupled with considerable uncertainty surrounding the resumption of shipments through the Strait of Hormuz, capital has flowed back into the energy sector, driving consecutive rebounds in international oil prices. During the Asian trading session, WTI crude oil continued to approach the key level of $100 per barrel, trading near $98.50. Meanwhile, gold prices rose in tandem amid safe-haven inflows, while copper prices extended their previous gains, reflecting ongoing concerns about global supply chain security and resource tightness.
Silver prices surged over 7% as Trump stated the ceasefire agreement is on shaky ground | Global Markets
①Iranian official: Significant differences exist between Iran and the US on the handling of enriched uranium; ②US official: The risk posed by the hantavirus to the general public is "extremely low"; ③Investor Michael Burry warns of a potential sharp decline in the Nasdaq 100 Index; ④OpenAI invests over $4 billion to establish a new division.
Today's Yen Market Outlook: The USD/JPY pair is expected to trade mainly in the 157-yen range, with potential strengthening of dollar buying and yen selling amid concerns over rising crude oil prices.
[Opening Comments on the Foreign Exchange Market] On the 11th, the US Dollar-Japanese Yen pair rose from 156.54 yen to 157.18 yen in the Tokyo market. In the European and US markets, it fell to 156.95 yen but rebounded to 157.27 yen, closing at 157.24 yen. On the 12th, the US Dollar-Japanese Yen is expected to trade primarily in the 157 yen range. Concerns over rising crude oil prices may temporarily strengthen demand for buying the US dollar and selling the yen. According to reports, the latest peace proposal from Iran was rejected by the US, prolonging the ceasefire situation.
The UAE involved in the conflict? Reports claim it secretly attacked Iran, hitting an oil refinery on an island in the Persian Gulf in April.
According to reports, the UAE has long attempted to maintain a relatively balanced position between Iran and the West. However, as Iran's ongoing missile and drone attacks on the UAE territory continue to impact key industries such as aviation, tourism, and real estate, the UAE government’s stance has shifted, increasingly favoring the use of its advanced military capabilities to directly counter the Iranian threat. Following the report, crude oil prices extended their gains, with West Texas Intermediate (WTI) climbing towards $99 per barrel.
U.S. stock indices rose, with Treasury yields and crude oil performing well, as Trump sought to address the situation with Iran.
U.S. stocks advanced on Monday, with crude oil futures and U.S. Treasury yields rising in tandem, following reports that President Donald Trump planned to meet with national security officials after rejecting Iran's response regarding the resumption of peace talks. The S&P 500 rose 0.2% to 7,412.84, the Dow Jones Industrial Average gained 0.2% to 49,706.47, and the Nasdaq Composite added 0.1% to 26,274.13. Both the S&P 500 and Nasdaq hit intraday record highs. Energy shares led gains at the close, followed by materials, technology, and industrial sectors. Communication services and consumer staples sectors were the top decliners. According to Finviz, the market...
Amid stalled U.S.-Iran negotiations, crude oil and interest rates rose, while the dollar remained firm, trading from 156.99 yen to 157.27 yen.
[London Market Overview] The dollar-yen exchange rate struggled to gain momentum in the London forex market on the 11th. Although NY crude oil futures (WTI) lost steam, the buying pressure for the dollar persisted, resulting in a slight increase from 156.94 yen to 157.16 yen. However, caution over potential currency interventions kept upward pressure on the dollar in check. The euro-dollar pair declined as renewed strength in oil prices weighed on the euro, falling from 1.1781 dollars to 1.1764 dollars. Meanwhile, the euro-yen cross rate edged up slightly from 184.86 yen to 185.01 yen.