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Trump Questions Housing Bill as He Prioritizes SAVE America Act 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
US Stock Futures Rise as US-Iran Ceasefire Hopes Boost Market Sentiment 
Oil Prices Rise as US-Iran Tensions Threaten Strait of Hormuz Oil Shipments 
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China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
Dollar Slips Ahead of Key U.S. Jobs Data as Fed Rate Outlook, ECB, and Iran Talks Shape Forex Markets 
Trump Urges Gasoline Retailers to Cut Prices to $2.50 Per Gallon, Warns of Legal Action 
Trump Suspends Some Morocco Fertilizer Tariffs to Ease U.S. Supply Shortage 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan 
Gold Price Hits Annual Low as Fed Rate Hike Bets and Sticky Inflation Weigh on Bullion 
Asian Stocks End Strong Quarter as Dollar Surges, Yen Hits 40-Year Low Ahead of US Jobs Data 
Global Financial Firms Shift Asia Expansion Focus to South Korea as China, India Face Caution 
Oil prices dropped on Friday, reversing earlier gains after Iran signaled a potential step toward de-escalation by submitting a new proposal through Pakistani mediators. The development comes amid continued geopolitical tensions between the United States and Iran, which have been influencing global oil markets and raising concerns about supply disruptions.
At 15:50 ET (19:50 GMT), Brent crude futures for July fell by 1.8% to $108.39 per barrel, retreating from recent highs. The June Brent contract had already surged past $126 per barrel earlier in the week, marking its highest level in four years before expiring. Meanwhile, West Texas Intermediate (WTI) crude futures for June declined 2.8% to $102.14 per barrel, reflecting increased market volatility tied to geopolitical uncertainty.
The decline in oil prices followed reports from Iran’s state news agency confirming that Tehran submitted a revised peace proposal to Pakistan, which is acting as a mediator in indirect negotiations with the U.S. Although details remain limited, the move has fueled cautious optimism about easing tensions and stabilizing oil supply concerns.
However, sentiment remains mixed after U.S. President Donald Trump expressed dissatisfaction with the proposal. He stated that while Iran appears willing to negotiate, the terms offered are not yet acceptable. Reports suggest that Iran’s latest proposal may have dropped its initial demand for the U.S. to lift its naval blockade, signaling some flexibility in negotiations.
Despite these diplomatic efforts, concerns persist over the ongoing standoff, particularly regarding the Strait of Hormuz, a critical route for global oil shipments. Iran has reiterated its intention to maintain control over the strait, while the U.S. continues its naval presence in the region. Analysts warn that any prolonged disruption could tighten global oil supply and sustain market volatility.
Oil prices recently reached their highest levels since 2022 due to fears of escalating conflict, including potential military actions. While a ceasefire remains in place, the lack of progress in negotiations suggests that uncertainty will continue to impact crude oil markets in the near term.
