Newsquawk Logo

[MARKET ANALYSIS] Oil slumped and metals surged on the US-Iran interim peace deal which would open up the Strait of Hormuz

Newsquawk StaffPublished On the live feed at — 1 more headline followed before this page went public
Newsquawk headlinesUTC

[MARKET ANALYSIS] DXY softens in risk-on trade amid lower oil prices and yields, following the US-Iran interim peace deal announcement

[MARKET ANALYSIS] Treasury futures gained as lower oil prices eased inflationary concerns and unwound Fed rate hike bets

[MARKET ANALYSIS] Oil slumped and metals surged on the US-Iran interim peace deal which would open up the Strait of Hormuz

Singapore's Deputy PM Wong announces that the Monetary Authority of Singapore will remove the 5% cap on physical investment of precious metals under tax incentive schemes for funds

PBoC injects CNY 425bln via 7-day reverse repos with rate maintained at 1.40%

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 -5.0% / Brent Aug'26 -4.3%

  • Oil futures slumped at the reopen following the announcement on Sunday that the US and Iran reached an interim peace agreement which would open the Strait of Hormuz and is due to be signed on Friday in Switzerland, while Trump stated that he authorises the immediate removal of the US naval blockade and that oil will flow with the opening of the Strait of Hormuz upon the signing of the deal on Friday.

Gold: +2.3%

  • Rallied above the USD 4,300/oz level as lower oil prices eased inflationary pressures, dragged yields lower, unwound Fed rate hike bets and weakened the greenback.

Copper: +1.4%

  • Extended on last week's advances amid the broad risk-on environment.

Related headlines

The whole workspace, free to try.

Try it free
Newsquawk Logo

© 2026 Newsquawk. All rights reserved.