[MARKET ANALYSIS] Brent crude reclaimed USD 90/bbl after US and Iran ramped up exchange of strikes
Brent crude's resurgence above USD 90/bbl indicates heightened market sensitivity to geopolitical tensions following increased hostilities between the US and Iran.
Moscow Mayor reports overnight drone incidents, while TASS estimates that the attempted drone attack on Moscow is one of the largest in several years
[MARKET ANALYSIS] T-note futures are subdued amid higher oil prices and closure of overnight cash treasuries trade
[MARKET ANALYSIS] Brent crude reclaimed USD 90/bbl after US and Iran ramped up exchange of strikes
US Central Command reports successful completion of ninth consecutive evening of strikes against Iran, targets include Iranian military command centres, air defence and coastal surveillance sites, maritime capabilities, missile and drone launch sites
KKR (KKR) and AEW are said to seek to sell certain property assets in China at losses
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WTI/Brent: WTI Sep'26 +2.4% / Brent +2.5%
- Oil prices rallied with Brent crude climbing back above the USD 90/bbl level after the US and Iran ramped up their exchange of strikes following the death of a couple of US service members due to Iran attacking Jordan on Friday, while CENTCOM announced the 9th consecutive night of strikes against Iran, and Iran continued to retaliate against US interests and allies.
Gold: -0.3%
- Price action is choppy, in which the precious metal oscillated through the USD 4,000/oz level and with initial pressure seen as oil prices climbed.
Copper: +0.3%
- Lacks firm direction amid the mixed risk appetite in Asia.
This escalation may drive oil prices higher, as further conflict could restrict supply chains. Traders should look for potential spillover effects on related assets, particularly in energy markets and risk-sensitive currencies.
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