Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Iranâs IRGCÂ says it hit US military targets in Bahrain and Kuwait
The Iranian Islamic Revolutionary Guards Corps (IRGC) said that it struck US military targets, including air defence systems in Bahrain and Kuwait, the Guardian reported on Tuesday.
US CENTCOM: Latest strikes hit Iranâs military command centres and air defense systems
The US Central Command (CENTCOM) announced via a post on the social media platform, X, that they completed the latest strikes at 1AM GMT Tuesday.
WTI slips below $82.00 as temporary diplomatic signals emerge
West Texas Intermediate (WTI) oil price extends losses for the second successive day, trading around $81.90 per barrel during the Asian hours on Tuesday. Oil prices decline as temporary diplomatic signals have emerged.
US President Donald Trump vows Iran âwill payâ for US deathsÂ
US forces struck Iranian targets after US President Donald Trump vowed Tehran âwill payâ for killing three American soldiers, Bloomberg reported on Monday.
Crude Oil spends Monday selling the war, then buys the revenge post
Crude Oil compressed its entire 2026 personality into a single Monday tape.
Asia FX: Oil rebound pressures INR and THB â MUFG
MUFGâs Lloyd Chan highlights that higher Oil prices and persistent inflation risks are weighing on Asian currencies, with the Indian Rupee (INR) and Thai Baht (THB) underperforming against the US Dollar.
Brent: Geopolitics support crude and cracks â Societe Generale
Societe Generaleâs Michael Haigh and Jeremy Sellem highlight that Brent has surged as US-Iran tensions, Trumpâs rhetoric and Houthi blockade threats lift risk premia. Crack spreads in Asia and US have outperformed as refined products stay tighter than crude.
Brent: Geopolitics support crude and cracks â Societe Generale
Societe Generaleâs Michael Haigh and Jeremy Sellem highlight that Brent has surged as US-Iran tensions, Trumpâs rhetoric and Houthi blockade threats lift risk premia. Crack spreads in Asia and US have outperformed as refined products stay tighter than crude.
Canadian Dollar under pressure as softer inflation meets firmer US Dollar
USD/CAD edges higher on Monday as softer-than-expected Canadian inflation data and a firmer US Dollar (USD) weigh on the Canadian Dollar (CAD), while tensions in the Middle East keep financial markets volatile. At the time of writing, the pair is trading around 1.4045, up 0.17% on the day.
Oil: Diplomatic risk keeps prices supported â BNY
BNYâs Geoff Yu notes that Iranâs signals of continued military response alongside active mediation keep the Middle East conflict in a managed but unstable phase.
Houthis declare naval blockade against Saudi Arabia, raising Middle East tensions
Yemen's Houthis announced on Monday a naval blockade against Saudi Arabia, according to a statement reported by Reuters.
European Central Bank: Oil risks support a September rate hike â Commerzbank
Commerzbankâs rates team expects higher oil prices and weak growth signals to shape Thursdayâs European Central Bank (ECB) meeting. A July rate hike is effectively ruled out, while markets have fully priced in another 25bp move in September.
Oil: Geopolitical shocks tighten crude and diesel markets â Rabobank
Rabobank says renewed U.S.-Iran tensions, Russia-Ukraine strikes and CPC loading disruptions have lifted crude and refining margins sharply. Brent briefly topped $90, while severe diesel-market tightness is feeding through to export policy and U.S. pump prices.