China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
US Stock Futures Rise as US-Iran Ceasefire Hopes Boost Market Sentiment 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
Oil prices edged higher on Monday despite market concerns over U.S. President Donald Trump's latest tariff move on steel and aluminum imports, which could slow global economic growth and impact energy demand.
Brent crude futures gained 0.5% to $75.06 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 0.5% to $71.38. However, both benchmarks logged a third consecutive weekly decline amid fears of a global trade war.
Trump is set to announce 25% tariffs on all steel and aluminum imports, further escalating trade tensions. Last week, he imposed tariffs on Canada, Mexico, and China, only to suspend those for neighboring countries a day later. Despite this, investors appear unfazed, with IG analyst Tony Sycamore noting that markets may be adjusting to ongoing tariff-related headlines.
Meanwhile, China's retaliatory tariffs on U.S. goods take effect Monday, with no sign of resolution in trade talks. Oil and gas traders are now seeking waivers from Beijing for U.S. crude and liquefied natural gas imports.
Adding to supply disruptions, U.S. sanctions on Russian oil exports, enforced on Jan. 10, have impacted deliveries to China and India. Further, Washington increased pressure on Iran last week, imposing new sanctions on individuals and tankers transporting Iranian crude to China.
Trump stated on Sunday that progress is being made with Russia to end the Ukraine war but provided no specifics.
With geopolitical tensions and trade uncertainty weighing on the market, oil prices remain volatile. Investors continue to monitor developments that could impact global crude supply and demand.
