[MARKET ANALYSIS] Oil prices are lacklustre after retreating on reports of a tentative agreement regarding a potential 60-day extension for the US-Iran ceasefire

Newsquawk StaffPublished 29 May 2026, 02:18 UTCOn the live feed at 01:58 UTC — 2 more headlines followed before this page went public

Newsquawk headlinesUTC

02:17

Japanese Finance Minister Katayama says we'll consider cost risk balance in reference to issuing bonds and to engage in dialogue with market on bond management, while she declines comment on future bond maturities at this time

02:09

White House Deputy Chief of Staff for Policy Stephen Miller stating in an interview with Fox News that US President Trump is directly involved in negotiations with Iran

01:58

[MARKET ANALYSIS] Oil prices are lacklustre after retreating on reports of a tentative agreement regarding a potential 60-day extension for the US-Iran ceasefire

01:23

SpaceX is said to lower IPO valuation target to at least USD 1.8tln

01:19

PRE-MARKET CHINESE STOCKS NEWS: PBoC is reportedly set to guide banks to boost May lending amid weak credit issuance, according to sources

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.

Try the platform free

Free. No signup, no card.

WTI/Brent: WTI Jul'26 -0.8% / Brent Aug'26 -0.6%

Oil prices are lacklustre after wiping out the prior day's initial gains with pressure seen after reports that the US and Iranian negotiators reached an agreement on a 60-day MOU to extend the ceasefire and launch negotiations on Iran's nuclear programme, although the deal still requires approval from US President Trump, while Iran's Tasnim also leaned back on the reports and stated the text has not been finalised.

Gold: +0.2%

Holds on to the prior day's spoils after climbing above the USD 4,500/oz level as the dollar, yields and oil prices all declined on the reports of a tentative agreement to extend the US-Iran ceasefire.

Copper: Flat

Plateaued overnight after recently advancing alongside the geopolitical-related optimism.

FX · last 90 days

Recent headlines that moved markets

FX/28 Aug · 14:00 UTC

Fed Chair Warsh says Fed has more work to do unless confident underlying inflation is moving towards 2% objective

DXY, after we published+0.5%

DXY saw two-way action, before then moving to a high. - Immediately after the release, Fed market pricing moved to price in a 50% chance of a hike in September vs 36% pre-release.

FX/7 Sept · 06:00 UTC

Swedish CPIF Prel (Aug YY) 0.7% vs. Exp. 0.8% (Prev. 0.7%).

With EUR/SEK, after we published+0.3%

FX/4 Sept · 12:39 UTC

Airbus (AIR FP) reportedly reaches a pre-agreement with Spanish unions, Democrata reports.

Market, after we published+1.4%

FX/4 Sept · 12:30 UTC

US Non Farm Payrolls (Aug) 162K vs. Exp. 56K (Prev. 21K); 2-month net revision +55k; Birth-Death 154K.

- DXY, after we published−2.4%

FX/4 Sept · 12:30 UTC

US Non Farm Payrolls (Aug) 162K vs. Exp. 56K (Prev. 21K); 2-month net revision +55k; Birth-Death 154K.

- DXY, after we published+0.4%

FX/4 Sept · 08:30 UTC

BoE DMP (Aug): 1-year CPI expectation 3.1% (prev. 3.4%), 3-year CPI expectation 2.8% (prev. 2.8%).

Market, after we published+0.3%

Newsquawk Daily

Get both market opens in your inbox.

This note and the other one — the EU open and the US open, every business day, written by the desk. No account needed.

Related headlines

The whole workspace, free to try.

© 2026 Newsquawk. All rights reserved.