Oil declines on US-Iran talks progress
USOIL drops after the two sides spoke of progress in their first post-MoU talks, but uncertainty over a lasting deal does not go away.
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USOIL drops after the two sides spoke of progress in their first post-MoU talks, but uncertainty over a lasting deal does not go away.
President Trump expects to sign a settlement with Iran, raising optimism around the global economy and copper consumption, but risks still loom.
USOIL slips as markets monitor conflicting signals, following Wednesday's jump due to fresh US-Iran hostilities.
XAU/USD falls deeper into bear territory on lingering geopolitical tensions and higher-for-longer Fed prospects, with the US CPI update looming today.
Copper (Comex) prices rise to new all-time highs amid the ongoing AI boom and mining disruptions, but the Middle East conflict weighs on consumption.
USOIL jumps after the US President deemed Iran's counterproposal unacceptable, dousing hopes for a peace deal and raising fears of an escalation in the conflict.
USOIL softens as the US aims to free ships stranded in the region, but the blockade remains in place while uncertainty around a resolution to the conflict lingers.
The UAE’s exit highlights weakening OPEC unity, reducing its control over oil supply and pointing to a more volatile market where geopolitics, not coordination, increasingly drives prices.
XAU/USD rises as the risk of immediate escalation is removed after President Trump extended the ceasefire, renewing hopes for an eventual deal.
The two countries resorted to gunboat diplomacy, souring sentiment over the ceasefire, prospects of an agreement and the reopening of the Strait of Hormuz.
USOIL rises and XAU/USD drops after President Trump said military objectives are near completion, but the US will hit Iran hard over the next two to three weeks.
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