[MARKET UDPATE] Crude falls near USD 1.5/bbl following reports US considering cash-for-uranium deal; Stocks bid, Greenback slumps below 98.00, high-beta currencies benefit
The decline in crude oil prices by nearly $1.5/bbl suggests a shifting sentiment in the energy markets, possibly linked to geopolitical considerations such as the U.S.
Iran Foreign Minister Araghchi says in line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire, on the coordinated route announced by Iran
US PRE-MARKET MOVERS: NFLX, TFC, AA, NI, ALV, FLNC, NXPI
[MARKET UDPATE] Crude falls near USD 1.5/bbl following reports US considering cash-for-uranium deal; Stocks bid, Greenback slumps below 98.00, high-beta currencies benefit
US is reportedly urging G20 nations to take joint action on ensuring Fertiliser access and buffer against food disruptions in food supply chains, according to sources cited by Reuters
US considers USD 20bln cash-for-uranium deal with Iran, Axios reports, citing sources
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negotiating a cash-for-uranium deal. This could imply a reallocation of focus away from oil towards other sectors, resulting in stronger performance for high-beta currencies and a weakened dollar, which typically benefits riskier assets. Overall, this indicates a notable shift in market dynamics that could influence positions across commodities and currencies.
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