[MARKET ANALYSIS] Crude futures jump (Brent Aug'26 +4.7%) after Israel strikes on Lebanon causes Iranian retaliation
Newsquawk StaffPublished On the live feed at — 7 more headlines followed before this page went public
Newsquawk headlinesUTC
[MARKET UPDATE] USD/JPY dips below 160.00, falling from 160.14 to 159.84 before reclaiming the figure
Saudi NOTAM, 9th-13th of June:
[MARKET ANALYSIS] Crude futures jump (Brent Aug'26 +4.7%) after Israel strikes on Lebanon causes Iranian retaliation
[MARKET ANALYSIS] Global yields jump as Iran-Israel launch fresh strikes at each other
Ukraine’s military says it struck a pipeline pumping station in Russia’s Volgograd region
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
Free. No signup, no card.
- Crude futures surge after renewed Middle East tensions. Israel was the instigator, hitting Lebanese targets over the weekend, despite US President Trump urging Israeli PM Netanyahu to refrain from strikes. In retaliation, Iran launched missiles at Israel and the back-and-forth of strikes has continued into Monday morning. Israeli strikes have hit the Mahshahr petrochemical plant in SW Iran and have also struck military targets throughout the country. Yemen's Houthis, known to be aligned with Iran, announced that they are to stop Israel's maritime navigation in the Red Sea. Before this fresh wave of attacks, optimism for a deal seemed high, with US President Trump stating that he was supposed to announce a deal with Iran that would be signed this week.
- In other news, the OPEC+ group agreed to a 188k bpd hike from July, its fourth increase in its oil output target.
- WTI Jul'26 trades at the upper end of its USD 92.20-95.25/bbl range, but finding resistance at the 20-SMA (USD 95.36/bbl) while Brent Aug' briefly extended beyond the USD 98/bbl handle (USD 95.00-98.08/bbl).
- Precious metals continue to selloff, with spot gold trading at the lower end of its USD 4268-4353/oz range while silver slips below USD 67/oz. This initial driver for the recent slide came following Friday's US jobs report, which came in stronger-than-expected and has further increased the likelihood of Fed hikes. The downside in Monday's trade comes amid a slightly firmer dollar following the renewed Middle Eastern strikes. Over the weekend, the PBoC extended its gold-buying streak to 19 straight months, adding 320k oz t in May.
- 3M LME Copper trades on a firmer footing, despite the heightened tensions, as it nears USD 13.6k/t.
Related headlines
- PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Samsung Electronics (005930 KS)** - Co. opened an AI chip R&D hub in Yokohama to collaborate with Japanese companies on advanced semiconductor packaging8 hours ago
- [MARKET ANALYSIS] DXY is little changed ahead of inflation data later in the week and despite the US announcing an import ban on some Canadian goods as trade war escalates5 hours ago
- US senior Trump administration official says President Trump approved series of proclamations on Canada trade measures, with ban on dairy, most alcohol and motorcycle imports from Canada under Section 338 with restrictions effective in about 3 weeks9 hours ago
- [MARKET ANALYSIS] Oil prices are underpinned after US and Iran conducted a fresh round of retaliatory strikes5 hours ago
- [MARKET ANALYSIS] T-note futures are little changed after yesterday's indecisive mood and with key inflation data due later this week5 hours ago
- Newsquawk Daily European Equity Opening News - 9th September 20262 hours ago
- US Secretary of State Rubio says that President Trump has a desire to reach an agreement with Colombia on tariffs10 hours ago
- [MARKET ANALYSIS] Asia-Pac stocks trade mixed with the region partially shrugging off the weak US lead following a fresh exchange of US-Iran strikes and escalation in the US-Canada trade war4 hours ago
- PBoC sets USD/CNY mid-point at 6.7709 vs Exp. 6.7042 (prev. 6.7804)6 hours ago
- PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: TSMC (2330 TT) plans to adopt ASML’s high-NA EUV lithography equipment for high-volume manufacturing from 20307 hours ago
- PBoC is expected to set USD/CNY mid-point at 6.7042 (prev. 6.7804)7 hours ago
- FedEx (FDX) is to sell EUR denominated 4- and 8-year notes1 hour ago
- US Treasury Secretary Bessent says markets are not efficient and are run by humans, who make mistakes, adds the treasuries narrative in August was that the sky is falling and the narrative was absurd10 hours ago
- [MARKET UPDATE] Brent front-month crosses back above USD 100/bbl for the first time since July 24th; newsflow light but geopolitical tensions remain high following the recent US-Iran retaliatory strikes55 min ago
- RBI may conduct USD/INR buy-sell swap operations this month, traders suggest52 min ago
- Japanese Machine Tool Orders (Aug YY) 64.7% (Prev. 50.4%)2 hours ago
- Japanese Reuters Tankan Index (Sep) 21 (Prev. 18)9 hours ago
- US Central Command says their forces destroyed five Iranian crude oil carriers on Tuesday after the IRGC targeted a US Navy warship with ballistic missiles twice over the past two days9 hours ago
- [MARKET UPDATE] Asia-Pac stocks begin mostly higher with the region shrugging off the weak lead from Wall St, where all major indices declined on return from the long weekend amid rising oil prices and ongoing geopolitical escalation8 hours ago
- Iranian media notes of controlled explosions scheduled in the south of Isfahan, Iran, until 14:00 local time (11:30 BST)58 min ago
The whole workspace, free to try.
Try it free