Eurozone Recession Risks Rise as Middle East Conflict Threatens Growth, ECB Official Warns 
US Stock Futures Steady as Earnings Season and Jobs Data Take Center Stage 
EU Warns of Response as U.S. Considers 25% Tariffs on Car Imports 
Asian Stocks Rise as South Korea Hits Record High on AI Chip Rally 
Fed’s Goolsbee Warns Inflation Remains Elevated, Signals Caution on Rate Cuts 
Trump Rejects Iran Proposal as Tensions Persist Amid Fragile Ceasefire 
Bank of Korea Signals Potential Interest Rate Hikes as Inflation Remains Elevated 
Asian Stock Markets Rise Amid Wall Street Rally and U.S.-Iran Tensions 
Gold Prices Hold Steady as Iran War and Interest Rate Outlook Weigh on Markets 
Yen Stabilizes After Suspected Intervention as Global Currency Markets Stay Cautious 
Asian Stocks Slip as Oil Prices Surge and Fed Signals Inflation Risks 
Iran-U.S. Conflict Escalation Threatens Global Oil Supply and Economic Stability 
Markets Stay Strong Despite Oil Shock Concerns as Earnings Drive Investor Confidence 
Oil Prices Rise Amid Iran Conflict and Strait of Hormuz Disruption 
Dollar Gains Slightly as Yen Volatility Continues After Japan Intervention 
US Dollar Weakens as Yen Surges Amid Japan Intervention and Central Bank Moves 
Oil prices edged lower on Monday but remained firmly above the $100 mark as geopolitical tensions in the Middle East and stalled U.S.-Iran negotiations continued to influence global energy markets. Brent crude futures dropped 64 cents, or 0.59%, to $107.53 per barrel, while U.S. West Texas Intermediate (WTI) crude fell 84 cents, or 0.82%, to $101.10 per barrel. These declines followed sharper losses recorded at the end of last week.
Market sentiment shifted after U.S. President Donald Trump announced efforts to assist ships stranded in the Strait of Hormuz, a critical global oil transit route. In a statement shared on Truth Social, Trump emphasized that the United States would help ensure safe passage for vessels navigating restricted waterways, aiming to stabilize trade flows and reduce supply disruptions.
Despite this development, oil prices continue to be supported by ongoing uncertainty surrounding the lack of a formal U.S.-Iran peace agreement. The Strait of Hormuz remains partially constrained, limiting oil transportation and maintaining upward pressure on crude prices. Analysts note that negotiations between Washington and Tehran have made little progress, with both sides unwilling to compromise on key demands.
Adding to the complexity, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) confirmed a modest production increase of 188,000 barrels per day for June. This marks the third consecutive monthly output hike, although the actual supply boost may be limited due to continued disruptions linked to regional conflict. The adjustment excludes the United Arab Emirates, which exited OPEC earlier in May.
Overall, the global oil market remains highly sensitive to geopolitical risks, supply chain disruptions, and diplomatic developments. As long as tensions in the Gulf persist and negotiations remain unresolved, crude oil prices are likely to stay elevated, with investors closely monitoring any signs of progress or escalation in the region.
