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Oil steadies as uncertainty over US-Iran talks keeps markets on edge
Oil steadies as uncertainty over US-Iran talks keeps markets on edge June 2 : Oil prices held on to most of the previous session's sharp gains in early trade on Tuesday on uncertainty over the status of ceasefire talks between the United States and Iran and the potential reopening of the Strait of Hormuz. U.S. President Donald Trump said on Monday talks with Iran were ongoing, while Tasnim news agency reported that Tehran had suspended indirect negotiations with Washington. Brent crude...
Asian stocks slide on flare-up in Middle East fighting, oil eases off highs
Asian stocks slide on flare-up in Middle East fighting, oil eases off highs "Financial markets shifted back into a risk-off mode as the US and Iran exchanged fire again," analysts from Westpac wrote in a research report. SINGAPORE: Asian stocks fell on Thursday (Jun 4) as renewed fighting between the US and Iran rattled investors, although oil slipped from recent highs after Israel and Lebanon agreed to a ceasefire. MSCI's broadest index of Asia-Pacific shares outside Japan was down 1.5 per...
Oil prices today: Crude falls as Hezbollah rejects US-backed ceasefire
Oil prices fell slightly on Friday as hopes for a ceasefire in the Middle East faded following Hezbollah's rejection of a US-backed proposal in Lebanon. Brent crude slipped 0.22% to $95.24 a barrel, while US West Texas Intermediate (WTI) crude fell 0.11% to $92.94 a barrel in early trade. Despite Friday's decline, both benchmark contracts were on track to record their first weekly gain in three weeks.
Oil rises slightly as investors await clarity after Iran-Israel halt attacks
Oil rises slightly as investors await clarity after Iran-Israel halt attacks June 9 : Oil prices inched up in early trade on Tuesday after Iran and Israel left the door open to a possible resumption of attacks on each other, though they had called a halt to hostilities following an appeal from U.S. President Donald Trump. Brent crude futures rose 13 cents, or 0.14 per cent, to $94.38 a barrel at 0001 GMT, while U.S. West Texas Intermediate were up 11 cents, or 0.12 per cent, at $91.41 a...
Yen hits key 160 level for third session, dollar buoyed by Gulf woes
Yen hits key 160 level for third session, dollar buoyed by Gulf woes HONG KONG, June 5 : The Japanese yen is testing the 160 barrier on Friday, prompting pushback from Japanese officials, while the U.S. dollar is on track for a weekly gain as Gulf tensions fuel safe-haven flows. The yen weakened to the critical 160-per-dollar mark briefly in early trades, hitting the level for the third straight session despite verbal warnings from authorities. The 160 level is widely seen in markets as a...
Dollar steadies following US strikes on Iran and ahead of inflation data
Dollar steadies following US strikes on Iran and ahead of inflation data TOKYO, June 10 : The dollar held steady against major peers on Wednesday after the United States launched strikes against Iran, while investors awaited key U.S. inflation data for clues on the Federal Reserve's policy path. The U.S. military on Tuesday launched strikes against Iran after President Donald Trump said Tehran had shot down a U.S. Apache helicopter in the Strait of Hormuz, throwing a wrench into prospects of...