European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
US Stocks Face Jobs, Inflation Test as Fed Rate Hike Bets Rise 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
South Korea Tax Windfall Could Top 50 Trillion Won on Chip Boom 
Trump, Xi Focus on Trade and AI at White House Summit 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Add as a preferred source on Google
Oil prices dipped in early trading on Monday, following their largest weekly surge in over a year, amid escalating tensions in the Middle East. Brent crude futures fell by 0.5% to $77.62 per barrel, while U.S. West Texas Intermediate (WTI) crude slipped 0.5% to $74.03 per barrel.
Last week, Brent saw an 8% weekly gain—the most since January 2023—while WTI surged 9.1%, its largest increase since March 2023.
Independent analyst Tina Teng noted that the recent price dip is likely due to "profit-taking" after last week’s rally. However, fears of an escalating conflict between Israel and Iran continue to push oil prices higher. "Geopolitical tensions are now playing a key role in shaping market trends," Teng said.
Escalation in Middle East Tensions
On Sunday, Israel targeted Hezbollah positions in Lebanon and the Gaza Strip, approaching the first anniversary of Hamas' attacks that led to ongoing conflict. Iran also launched missile attacks on Israel in response to Israeli actions in the region, increasing market uncertainty.
Geopolitical Risks and Oil Supply
Despite the oil price surge, ANZ Research believes the conflict's impact on global oil supply remains limited. The likelihood of a direct attack on Iran's oil facilities is seen as low, as this would disrupt international relations and provoke a severe response. Furthermore, OPEC's spare capacity, approximately 7 million barrels per day, provides a buffer against potential supply disruptions.
At its October 2 meeting, OPEC and its allies (OPEC+) maintained their oil output policy, with plans to start gradually increasing production in December.
