[MARKET ANALYSIS] Oil retreated following the US-Iran MoU signing
Newsquawk StaffPublished On the live feed at — 2 more headlines followed before this page went public
Newsquawk headlinesUTC
Japan's chief cabinet secretary Kihara says Japan government is monitoring FX markets closely and will respond to FX moves as needed
[MARKET ANALYSIS] Treasuries remain subdued post-hawkish FOMC
[MARKET ANALYSIS] Oil retreated following the US-Iran MoU signing
China's state planner spokesperson says issued two batches of consumer goods trade in funds totaling CNY 126bln, will will issue a third batch of CNY 62.5bln from the funds by end-June
US President Trump posts "THE SAVE AMERICA ACT!" and outlines five points including all voters showing photo ID and proof of citizenship, no mail-in ballots (with exceptions), no men in women sports and no transgender mutilisation surgery on children
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.
WTI/Brent: WTI Jul'26 -1.8% / Brent Aug'26 -1.6%
- Oil prices declined overnight following the prior day's choppy performance amid conflicting reports regarding a cancellation of the Iranian officials' trip to Switzerland, while the renewed downside follows the signing by US President Trump and Iranian President Pezeshkian of the 14-point MoU agreement. Furthermore, Iranian Foreign Ministry spokesperson Baghaei said the plan for negotiating teams in Geneva remains in place, but added the MoU was signed digitally, so there will be no signing ceremony in Switzerland, while he also noted that Switzerland talks were not yet confirmed.
Gold: +1.6%
- Initially slumped as the dollar strengthened in the aftermath of the hawkish FOMC, but then rebounded to reclaim the USD 4,300/oz level as oil prices retreated on the US-Iran MoU signing.
Copper: -1.3%
- Copper was pressured amid the broad hawkish reaction to Fed Chair Warsh's FOMC debut, while prices are off their worst levels but with the recovery constrained amid the mixed risk appetite.
Related headlines
- US EQUITY OPEN: Indices in the red as US/Iran tensions escalate 28 min ago
- [MARKET ANALYSIS] JPY continues to gain after daring commentary from US Treasury Sec. Bessent4 hours ago
- Russian Kremlin spokesperson Peskov says Presidents Putin and Trump did not discuss the possibility of holding a new meeting at APEC, but there is an understanding that such a meeting could take place, Interfax reports1 hour ago
- [MARKET ANALYSIS] Brent briefly tops USD 100/bbl as Middle Eastern tensions remain heightened5 hours ago
- [MARKET ANALYSIS] European bourses under pressure as renewed US-Iran strikes drive energy higher; ITX SM hit despite mixed earnings while FORTUM FH surges on GOOGL deal5 hours ago
- [MARKET ANALYSIS] Fixed falters once more as Brent takes USD 100/bbl, awaiting the Treasury buyback announcement5 hours ago
- [MARKET UPDATE] Fresh lows across fixed income and equity futures as energy prices continue to climb; Brent Nov remains north of USD 100/bbl4 hours ago
- Dow (DOW) reportedly weighs exit from USD 20bln Saudi chemicals venture2 hours ago
- OpenAI is reportedly projecting compute spending of c. USD 750bln through 2030 but still feels "really short" on computing power, NYT reports1 hour ago
- Alcoa (AA) files to sell USD 2.6bln senior unsecured notes due 2034 and 2036 with the funds to finance the South32 deal2 hours ago
- Analog Devices (ADI) and Alif Semiconductor today announced a definitive agreement under which ADI will acquire Alif in an all-cash transaction for USD 1.35bln2 hours ago
- Silver Lake is reportedly to merge Cegid and Silae to form a European Co. selling accounting, HR and enterprise services, FT reports citing sources4 hours ago
- Pakistan is reportedly considering strikes against Houthi targets in Yemen under the “Makkah Pact” defense framework with Saudi Arabia and Turkey, Kann's Kais reports; strikes may begin in the coming days and will be announced immediately after23 min ago
- US official says in total, in the past week, the US has attacked and destroyed 10 Iranian oil tankers, i24 news reports1 hour ago
- Arabic sources reported intense clashes between mercenaries affiliated with Saudi Arabia and the UAE, reportedly following successive defeats by Houthi forces on various fronts in Yemen, SNN reports1 hour ago
- There are signs the US is working to devise some means of striking Iran's nuclear sites, CNN reports2 hours ago
- Iran launched a drone at a tanker near Iraq, and at a tanker near the Emirates, reports i24's Stein3 hours ago
- IRGC official warns that further US aggression against Iran could trigger more unprecedented Iranian responses, IRNA reports3 hours ago
- Iran’s Foreign Ministry condemns US attacks on Iranian vessels and says Tehran’s strikes on US military bases and interception of American vessels constitute legitimate self-defence under international law3 hours ago
- Two port officials say a Panama-flagged tanker carrying 2mln barrels of Iraqi fuel oil was hit by a drone in Iraqi territorial waters; tanker is named "New Andros", and no casualties were reported3 hours ago
The whole workspace, free to try.
Try it free