Tasnim reports that the US president claimed that talks with Iran to end the war are continuing
The reports of ongoing talks between the US and Iran to resolve conflict could indicate potential de-escalation in tensions, which typically supports a positive risk sentiment.
CRUDE WRAP: WTI (M6) SETTLES USD 0.61 HIGHER AT USD 95.52/BBL; BRENT (N6) SETTLES USD 1.23 HIGHER AT USD 101.29/BBL
Large plume of smoke seen after explosion at Chalmette Refining (capacity 185kbpd), Fox reports
Tasnim reports that the US president claimed that talks with Iran to end the war are continuing
Fed's Goolsbee (2027 voter) says inflation is "the topic of the moment"; would be wrong to only think rate cuts are before the Fed; we have to pay attention to inflation rate when price pressures mounting
US President Trump announces there will be a three day ceasefire in the war between Ukraine and Russia
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For markets, this may mean a stabilization in oil prices, particularly WTI, as concerns over supply disruptions ease. Keep an eye on energy-related assets as developments unfold.
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