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US President Trump to ease sanctions on Iran over nuclear progress
Al Jazeera reported on Monday that US President Donald Trump is prepared to ease sanctions on Iran and to unfreeze its assets in exchange for progress on nuclear talks.
Oil: Higher prices drive yields and Dollar ā MUFG
Lee Hardman at MUFG highlights that Oil has been one of the biggest movers, with prices rising back towards recent highs around USD110/barrel.
WTI Oil extends gains nearing $95.00 as Trump rejects Hormuz reopening plan
Oil appreciates firmly on Monday, following US President Donald Trump's refusal of Tehranās latest proposal to cease hostilities and reopen the Strait of Hormuz. The US benchmark West Texas Intermediate (WTI) Oil barrel is trading at $94.60 at the time of writing, up nearly 3.5% on the day so far.
Euro consolidates losses below 1.1400 amid higher Oil prices, risk-off markets
The Euro (EUR) shows marginal losses against the US Dollar (USD) on Monday, as the rejection of the latest peace proposal in the Middle East lifted Oil prices, while the high US Treasury yields amid bets of upcoming Federal Reserve (Fed) rate hikes keep supporting the Greenback.
Brent: Oil climbs on Middle East tensions ā Deutsche Bank
Deutsche Bankās Early Morning Reid highlights renewed upside in Brent Oil as US-Iran negotiations show little progress and Iran refuses to soften conditions on reopening the Strait of Hormuz.
Euro: Rate uncertainty and energy costs weigh ā HSBC
HSBC sees the Euro facing mounting headwinds from both monetary policy and energy markets.
WTI rises above $93.00 after Trump rejects Iran peace deal
West Texas Intermediate (WTI), the USĀ crudeĀ oil benchmark, is trading around $93.05 during the early Asian trading hours on Monday. WTI rises following US President Donald Trumpās rejection of an Iranian peace deal.
Indian Rupee falls sharply as oil prices rally
The Indian Rupee (INR) starts the week on a negative note against the US Dollar (USD) due to significant gains in oil prices over the weekend. As of writing, the USD/INR pair is up 0.18% to near 95.99.
United States Dollar Index trades flat at the start of the US NFP week
The US Dollar (USD) reflects a flat performance at the start of the week. In the Asian trade, the US Dollar Index (DXY), which gauges the Greenbackās value against six major currencies, trades calmly at around 101.10.
WTI sticks to modest gains above $92.00 amid Middle East jitters
West Texas Intermediate (WTI) ā the benchmark US Crude Oil price ā struggles to capitalize on a modest gap-up open on Monday as traders opt to wait for further developments surrounding the Middle East crisis before placing fresh bets.
US President Donald Trump says he will not rule out more Iran strikes
US President Donald Trump said on Sunday that he believes the war with Iran will be won āvery soon,ā adding that additional military strikes before the midterm elections are possible, Fox News reported.Ā
Middle East War updates: Trump says he expects renewed Iran talks this week
Hereās a brief recap of the key developments in the Middle East war that occurred over the weekend, which are expected to have a significant impact on markets in the upcoming week.
United States Baker Hughes US Oil Rig Count above forecasts (453): Actual (455)
United States Baker Hughes US Oil Rig Count above forecasts (453): Actual (455)