Dollar Holds Near Two-Month High as Yen Approaches 160 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Fed Unveils Stablecoin Rules Under GENIUS Act 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
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Oil prices fell in early Asian trading on Monday, reversing last week’s gains as crude loadings resumed at Russia’s key Novorossiysk export hub. The Black Sea port, which had halted operations for two days following a Ukrainian attack, restarted shipments on Sunday, easing immediate supply concerns.
Brent crude futures dipped 0.9% to $63.81 a barrel, while U.S. West Texas Intermediate (WTI) slid 1.0% to $59.50 a barrel as of 0050 GMT. The downturn came after both benchmarks climbed more than 2% on Friday, supported by temporary export disruptions at Novorossiysk and a nearby Caspian Pipeline Consortium terminal—an outage that briefly affected about 2% of global supply.
Although operations have resumed, Ukraine’s intensified strikes on Russia’s oil infrastructure continue to keep the market on edge. Over the weekend, Ukraine’s military said it targeted Russia’s Ryazan refinery, while Kyiv’s General Staff reported a strike on the Novokuibyshevsk refinery in the Samara region. Analysts say these attacks raise concerns about longer-term risks to Russia’s crude exports.
Toshitaka Tazawa of Fujitomi Securities noted that investors are weighing the potential impact of repeated attacks while also taking profits after last week’s rally. He added that expectations of an oversupplied market, driven by OPEC+ output increases, persist—keeping WTI likely near the $60 mark within a narrow trading range.
Market sentiment is also influenced by Western sanctions aimed at squeezing Russian oil revenues. The United States has banned dealings with Russian energy giants Lukoil and Rosneft, a move intended to pressure Moscow toward peace talks. President Donald Trump said Republicans are preparing legislation targeting any country that continues to conduct business with Russia, with Iran potentially facing additional restrictions.
Meanwhile, OPEC+ recently approved a 137,000 barrel-per-day increase in December production targets—matching October and November’s hikes—while planning to pause further increases in the first quarter of next year. U.S. oil activity also picked up, with Baker Hughes reporting a rise of three rigs last week, bringing the total to 417.
