White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile 
S&P Affirms Brazil’s BB Credit Rating with Stable Outlook Amid Fiscal Challenges 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Trump Threatens 100% Tariffs on Countries Imposing Digital Services Taxes on U.S. Tech Firms 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
Gold Prices Rise Above $4,000 as Inflation Data and Weaker Dollar Boost Demand 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion 
Oil prices dipped in Asian trading on Monday as markets remained cautious ahead of potential new U.S. tariffs and a possible Russia-Ukraine peace agreement. Brent crude held steady at $74.76 a barrel, while WTI futures for March hovered at $70.69.
Investor sentiment was dampened by renewed trade war fears after President Trump’s tariff announcements last week, which could slow global economic growth and reduce crude demand. Analysts highlighted concerns over escalating U.S.-China trade tensions impacting energy markets.
Trump also hinted at an upcoming meeting with Russian President Vladimir Putin to discuss ending the Ukraine conflict. A peace deal could lift sanctions on Russian oil exports, boosting global supply and offsetting OPEC+ production cuts implemented earlier this year. Russia, a top oil producer, could significantly influence market dynamics if export restrictions ease.
Markets are also eyeing U.S. Federal Reserve comments this week after mixed inflation data. The Consumer Price Index rose 3% annually in January, up from 2.9% in December, tempering expectations for imminent interest rate cuts. Higher interest rates could strengthen the U.S. dollar, making oil more expensive for non-dollar holders and potentially reducing demand. Conversely, dovish signals could weaken the dollar, supporting oil prices.
