UK PM Burnham to Unveil Economic Vision at Labour Conference 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
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Oil prices held firm at over one-month highs in Asian trading Tuesday, driven by rising geopolitical tensions. U.S. President Donald Trump’s threat to bomb Iran if it refuses a new nuclear deal escalated risks in the Middle East, adding a premium to crude prices. The threat drew sharp retaliation warnings from Iranian officials, compounding fears of potential supply disruptions.
Brent crude futures for June hovered at $74.75 per barrel, while WTI crude dipped 0.2% to $70.95. The market also remains cautious amid stalled Russia-Ukraine peace talks, with Trump warning of additional sanctions on Moscow’s oil exports if a deal isn’t reached. Reports of Russia drafting more troops added to instability fears.
Fresh strikes by Israel on Beirut, following the collapse of a ceasefire with Hamas, further fueled anxiety over regional oil supply security. As traders brace for potential escalation, oil markets have priced in higher risk premiums.
However, gains are capped by concerns over weakening demand. Trump’s plans to introduce new reciprocal tariffs, expected Wednesday, threaten to disrupt global trade. Analysts warn the proposed higher, broader tariffs—with fewer exemptions—could slow economic growth and curb energy consumption.
These trade tensions have sparked fears of a looming U.S. recession, with Goldman Sachs recently raising its recession forecast. Market sentiment remains cautious, as recessionary risks could dampen oil demand in the near term.
Despite geopolitical turmoil boosting prices, the looming threat of tariffs and economic slowdown continues to weigh on long-term oil market outlook. Traders now await Trump’s tariff announcement for clearer direction on demand risks.
