US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
Oil Prices Rise as US-Iran Tensions Threaten Strait of Hormuz Oil Shipments 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
World Bank Approves $1.1 Billion Emergency Funding for Bangladesh Amid Food and Energy Price Pressures 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Oil Prices Fall After Reaching One-Month Highs
Oil prices dipped in Asian trading on Tuesday, retracting from the one-month highs achieved last week due to heightened concerns over the Middle East conflict. Traders initiated profit-taking, pushing down Brent crude futures for December by 0.6% to $80.42 a barrel and West Texas Intermediate (WTI) crude futures by 0.6% to $76.04.
Dollar Strength Limits Oil Gains
Further gains were tempered by a stronger U.S. dollar, which was buoyed by expectations of fewer U.S. interest rate cuts. A strong dollar typically makes oil more expensive for holders of other currencies, limiting demand.
Hurricane Milton Poses Limited Supply Disruption
Hurricane Milton, the second major storm to hit the U.S. this month, has raised concerns about possible disruptions to oil production. While the hurricane is projected to avoid significant Gulf of Mexico oil infrastructure, some regional ports may impose restrictions, potentially delaying oil shipments.
Middle East Tensions Continue to Drive Market Anxiety
The ongoing conflict in the Middle East remains a key factor influencing oil prices. Intensified fighting between Israel and Hezbollah, alongside Iran’s involvement, has raised fears of broader regional escalation. The potential for supply disruptions from key oil-producing regions, particularly if Israel targets Iran’s oil facilities, remains a looming threat.
China's Market Reopening and Stimulus Measures
The reopening of Chinese markets, following a week-long holiday, is also being watched closely by oil traders. China, the world’s largest oil importer, recently announced major stimulus measures, which could boost oil demand and influence global prices.
