Market News - Gold, Oil & Forex

Iran does not need a deal right now because its military or political room for manoeuvre has narrowed. It needs one because the crisis has turned oil (Tehran’s most important economic weapon) into a problematic asset. For years, Iran’s export model survived sanctions by leaning on China, discounted barrels, ship-to-ship transfers, and a shadow logistics chain running from Kharg Island to Malaysia, Singapore and China’s independent refining system. The crisis in the Strait of Hormuz has not...

Europe’s relatively cheap stocks could become attractive for investors as the oil prices plunged and markets hope the Hormuz crisis is over, according to JPMorgan. Assuming that the Middle East crisis has peaked and oil prices drop, investors are likely to return to their positioning from before the war, Karen Ward, chief market strategist for Europe, the Middle East and Africa (EMEA) at JPMorgan Asset Management, told Bloomberg in an interview published on Thursday. Before the Middle East...

As negotiations over Iran's nuclear program continue, the fate of Tehran's stockpile of highly enriched uranium remains one of the most difficult issues to resolve. Before US and Israeli air strikes on Iranian nuclear facilities in June 2025, the International Atomic Energy Agency (IAEA) estimated that Iran possessed 440.9 kilograms of uranium enriched to 60 percent. While not weapons-grade, the material is significantly close to the 90 percent enrichment level generally associated with the...

Following government tenders for nearly 10 gigawatts of new renewable energy capacity, Australia’s pipeline of probable clean energy projects jumped by about 30% to as much as 32.3 GW in the biggest surge on record. The total of accredited, committed, and probable projects have now soared to nearly 70 GW as Australia continues to award tenders for wind, solar, and battery energy storage projects, Bloomberg reported on Thursday, citing data compiled by Australia’s Clean Energy Regulator....

The Bank of England kept rates on hold in a 7-2 vote split, as widely expected. The economy is slowing, the labour market is cooling and, so far, inflation worries have not materialised. We expect an unchanged Bank Rate for the coming year, with risks tilted towards a hike this year and potential for lower […] The post Bank of England Review – On Hold as Hawkish Arguments Remain Scarce appeared first on ActionForex.

The BoE-Fed policy divergence is dragging GBPUSD lower. A weaker pound is a pro-inflationary factor for the UK. The US dollar recorded its best daily performance since early March, thanks to a hawkish surprise from the Fed. Nine FOMC members indicated in their forecasts that one or more federal funds rate hikes would occur in […] The post The Pound: A More Challenging Task for the BoE appeared first on ActionForex.

Dollar strength remains the dominant theme in global markets as investors continue to digest the Federal Reserve’s hawkish shift. The greenback extended gains broadly after policymakers effectively endorsed another rate hike this year and left the door open to additional tightening if inflation remains stubborn. Markets are now confronting a realistic scenario in which the […] The post Dollar Extends Fed-Driven Rally as AI Optimism Fuels Equity Rebound appeared first on ActionForex.

The uncertain pace of supply recovery in the Middle East and the continued rapid drawdowns of global inventories make the case that oil price volatility would drag on during the 60-day U.S.-Iran negotiation window, David Fyfe, Chief Economist at Argus Media, told CNBC on Thursday. As the U.S. and Iran formally signed an agreement to reopen the Strait of Hormuz, oil prices continued their slide this week and Brent Crude was as trading at around $77 per barrel in Asian trade on Thursday, as the...

The Bank of England's Monetary Policy Committee voted 7-2 to keep rates on hold.

India’s imports of crude and LNG jumped in May from April, as arrivals of non-Middle Eastern cargoes accelerated, and the country's energy import bill soared by nearly 82% from a year earlier amid higher energy prices. India’s crude oil imports rose by 7.5%, and LNG imports jumped by 16% in May from the previous month, according to provisional data from the oil ministry compiled by Indian media. The country paid as much as $18.7 billion on oil and gas imports in May, up by 81.6% compared to the...