Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
US, China Extend Trade Truce to Jan. 10 Ahead of Trump-Xi Summit 
Wall Street Falls as Treasury Yields Surge, Oil Rebounds on Iran Tensions 
Fed Unveils Stablecoin Rules Under GENIUS Act 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Russian Envoy Dmitriev Heads to US for Ukraine Talks 
South Korea, US Discuss Warship Building Cooperation 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Trump, Xi Focus on Trade and AI at White House Summit 
Dollar Holds Near Two-Month High as Yen Approaches 160 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Oil Prices Surge as U.S.-Iran Diplomacy Hopes Fade 
U.S. 10-Year Treasury Yield Hits 2007 High as Fed Rate Hike Bets Rise 
Add as a preferred source on Google
Oil prices remained steady on Tuesday as investors monitored rising geopolitical tensions following Iran’s naval drills near the Strait of Hormuz, a critical global oil transit route. The military exercises took place just hours before scheduled nuclear talks between Iran and the United States in Geneva, adding uncertainty to the global energy market outlook.
Brent crude futures slipped 0.2% to $68.59 per barrel after gaining 1.3% in the previous session. Meanwhile, U.S. West Texas Intermediate (WTI) crude traded at $63.73 per barrel, up 84 cents or 1.34%. The WTI move reflected Monday’s price activity, as there was no official settlement due to the U.S. Presidents Day holiday.
Market sentiment remains sensitive to developments in the Middle East, particularly around the Strait of Hormuz, which handles a significant portion of global crude oil exports. Iran, along with OPEC members Saudi Arabia, the United Arab Emirates, Kuwait, and Iraq, ships most of its oil through this strategic waterway, largely supplying Asian markets.
U.S. President Donald Trump stated he would be “indirectly” involved in the nuclear negotiations and expressed optimism about a potential agreement, though he previously suggested regime change in Iran could be beneficial. Analysts note that any diplomatic breakthrough could ease geopolitical risk premiums currently embedded in oil prices. Conversely, further escalation may drive crude prices higher.
According to ANZ analysts, oil markets remain unsettled amid broader geopolitical risks, including the Russia-Ukraine conflict. Citi analysts added that if disruptions to Russian supply keep Brent crude between $65 and $70 per barrel, OPEC+ may increase production using spare capacity. The group is reportedly considering resuming output hikes from April to prepare for peak summer demand.
Citi projects that potential diplomatic resolutions involving both Iran and Russia-Ukraine could push Brent prices down to the $60–$62 range later this year, signaling possible volatility ahead for global oil markets.
