Trump and Iran Sign Framework Peace Deal in France Amid Ongoing Middle East Tensions 
Oil Prices Ease as Markets Weigh U.S.-Iran Peace Deal and Strait of Hormuz Reopening 
Dollar Slips as U.S.-Iran Peace Deal Optimism Boosts Risk Appetite Ahead of Fed Decision 
ASX Proposes New Share Dilution Limits for Public Takeovers 
Japan Trade Deficit Narrows as Exports Surge in May 
Gold Prices Rebound on U.S.-Iran Peace Deal Optimism Despite Fed Rate Hike Signals 
Trump Questions USMCA Renewal as Trade Talks Continue 
Gold Holds Gains as Oil Prices Retreat and Fed Decision Looms 
U.S.-Iran Peace Deal Extends Gulf Ceasefire, Reopens Strait of Hormuz 
Global Motor Oil and Auto Paint Shortages Persist Despite Potential U.S.-Iran Peace Deal 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
BOJ Raises Interest Rates to 31-Year High, Signals Strong Focus on Inflation Risks 
Asian Markets Mixed Ahead of Key Central Bank Decisions 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
US-Iran Ceasefire Deal Extends Peace Talks and Eases Oil Trade Restrictions 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
BOJ Raises Interest Rates to 1% as Inflation Pressures Persist 
Oil prices declined in Asian trading on Thursday as investors evaluated the impact of a newly announced U.S.-Iran peace agreement and growing expectations of a global oil supply surplus. The prospect of increased Iranian crude exports and stronger worldwide production weighed on market sentiment, pushing both Brent crude and West Texas Intermediate (WTI) futures lower.
Brent crude futures for August delivery fell 1% to $78.73 per barrel, while WTI crude futures dropped 1.2% to $75.89 per barrel. The decline followed a brief rebound on Wednesday after U.S. President Donald Trump indicated that the agreement with Iran was not yet finalized and warned that military action could resume if Tehran failed to comply with the deal’s conditions.
Market participants are closely analyzing the details of the interim U.S.-Iran accord, which was digitally signed by Trump and Iranian President Masoud Pezeshkian. The 60-day agreement includes a ceasefire, the reopening of the Strait of Hormuz, and a gradual easing of U.S. restrictions on Iranian oil exports. However, Washington has emphasized that sanctions and pressure could be reinstated if Iran violates the agreement.
The possibility of additional Iranian oil entering global markets has strengthened expectations of improved supply conditions after weeks of disruptions linked to tensions in the Gulf region. Adding further pressure on crude prices, the International Energy Agency (IEA) recently warned that the oil market could face a significant surplus once Middle Eastern production fully recovers.
According to the IEA, global oil supply is expected to increase by approximately 8 million barrels per day between 2026 and 2027, while demand growth is projected at only around 2 million barrels per day. This imbalance could result in a surplus exceeding 5 million barrels per day by 2027.
Despite the bearish outlook, U.S. inventory data offered some support to oil prices. The Energy Information Administration (EIA) reported that commercial crude inventories fell by 8.3 million barrels to 418.2 million barrels during the week ending June 12, significantly exceeding analyst forecasts for a 3.6 million-barrel decline. Gasoline inventories also decreased by 0.9 million barrels, while distillate fuel stockpiles unexpectedly rose by about 1 million barrels.
Investors are also monitoring U.S. monetary policy after the Federal Reserve left interest rates unchanged but signaled the possibility of a rate hike later this year, a move that could influence economic growth and future energy demand.
