China Agrees to Buy 20 Million Tons of U.S. Coal 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Fed Unveils Stablecoin Rules Under GENIUS Act 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
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Oil prices hit a near three-month low in Asian trading on Tuesday as fears of economic disruptions from U.S. trade tariffs and rising OPEC+ production weighed on the market. Brent crude futures fell 0.8% to $71.07 per barrel, while West Texas Intermediate (WTI) dropped 0.7% to $67.64 per barrel.
Investor sentiment weakened after U.S. President Donald Trump raised tariffs on Chinese goods to 20%, with additional 25% tariffs on Canada and Mexico set to take effect. The move sparked concerns about slowing global trade, potentially dampening oil demand, especially from China, the world’s top oil importer. Market jitters were further fueled by expectations of retaliatory measures from China, intensifying the trade conflict.
Adding to the pressure, OPEC+ confirmed it will proceed with its planned oil production increase in April, despite Trump’s push to stabilize prices. The cartel’s output hike, estimated at 138,000 barrels per day, is relatively small compared to the 5.8 million bpd cuts since 2022 but still signals looser supply conditions. This comes at a time when global oil demand is already softening due to economic slowdowns and inflation concerns.
Despite rising geopolitical tensions, including an escalation in the Russia-Ukraine war and the U.S. halting military aid to Ukraine, oil markets largely overlooked these risks. The focus remains on trade uncertainties and increasing supply, which could keep prices under pressure in the near term.
With trade wars intensifying and OPEC+ supply set to rise, oil markets face heightened volatility, keeping investors cautious.
