[MARKET UPDATE] Energy continues to retreat given overnight updates around the Iran war "coming to an end", WTI marginally below USD 100/bbl, lifting fixed income and equity futures further. To the detriment of the USD and benefit of G10 peers.

The reported easing of tensions regarding the Iran war is causing energy prices, particularly WTI crude, to retreat, now just under USD 100 per barrel. This shift is supporting gains in fixed income and equity futures, while exerting downward pressure on the USD, which is benefiting G10 currencies. The implications could signal a broader risk-on sentiment in the markets as energy concerns ease.