Israel Energy Minister Cohen says they need to wait and see if a deal to end the Middle East conflict occurs, Iran must agree to all conditions
Israel's Energy Minister Cohen's comments indicate a cautious approach to the Middle East conflict, emphasizing that a resolution is contingent on Iran's compliance with terms.
A Pakistani source has confirmed that the US and Iran are closing in on a one-page memorandum to end their conflict, Reuters reports
Germany sells EUR 2.662bln vs exp. EUR 3.5bln 2.50% 2032 Bund Auction: b/c 2.4x (prev. 1.1x), avg. yield 2.8% (prev. 2.78%), retention 23.94%
Israel Energy Minister Cohen says they need to wait and see if a deal to end the Middle East conflict occurs, Iran must agree to all conditions
ByteDance’s GPU procurement budget reportedly rose to CNY 230bln (from CNY 160bln), while its CPU budget increased to CNY 100bln (from CNY 70bln), according to Macro Lin
Fujairah Port oil exports fell sharply after the recent attack, dropping to 500K BPD on 5th May (vs 30-day average of 3.5-4mln), Windward data shows
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This uncertainty could weigh on market sentiment, particularly affecting energy prices and the USD as traders assess potential risks in the region. Watch for shifts in commodity markets, especially WTI, as well as broader impacts on forex as the situation evolves.
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