While a US–Iran deal to reopen the Strait of Hormuz may ease geopolitical tensions, auto repair shops in Tokyo and dealerships in Detroit are unlikely to see quick relief from shortages of motor oil, paint thinner, and other petroleum‑derived products. Industry executives warn that supply chains remain snarled, and smaller garages are being squeezed hardest,
Morgan Stanley has lowered its oil price forecasts for the remainder of 2026, citing expectations of improved supply flows following the US-Iran agreement to reopen the Strait of Hormuz. The bank said the deal has eased geopolitical risk premiums and could gradually normalise global trade routes disrupted by months of conflict, according to a Bloomberg
Middle Eastern crude markets weakened on Tuesday as optimism grew over a potential reopening of the Strait of Hormuz following progress in the US-Iran agreement. Traders are increasingly pricing in a faster return of blocked oil supplies from the Persian Gulf, leading to a noticeable easing of the war premium that had dominated the market
Stellar has climbed more than 14% over the past 24 hours, making XLM the best-performing asset among the top 100 cryptocurrencies by market capitalization as fresh ecosystem developments have drawn renewed buying interest. According to CoinGecko data, XLM traded near $0.22 on June 16 after surging from levels below $0.19 earlier in the week. The
The DAX Index jumped this week, reaching a high of €25,000, its highest point since June 2nd. This rebound happened as crude oil prices retreated after the US deal with Iran. Still, the index faces a major risk as hedge funds continue shorting German car companies. Hedge funds are shorting German automakers Top hedge funds
Alibaba is moving deeper into robots and AI agents, marking a sharp turn in the artificial intelligence race that was dominated only recently by chatbots. The Chinese e-commerce and cloud giant on Tuesday unveiled its first full suite of AI models built for robots, a move that signals where large technology companies now see the
Silver prices edged lower on Tuesday as traders took profit after a sharp relief rally driven by the US-Iran peace framework and lower oil prices. XAG/USD traded near $69.85 in early European dealing, retreating from a weekly high as attention shifted from geopolitics to the Federal Reserve’s policy decision on Wednesday. The pullback was measured
The Kospi Index jumped sharply on Monday as Asian stocks welcomed the new deal between the United States and Iran. It rose to 8,570 KRW, its highest point since June 4, and much higher than this month’s low of 7,373 KRW. South Korean stocks and bonds are jumping today The Kospi Index rose by over
Asia’s hedge fund winners are showing how the artificial intelligence trade has moved beyond the obvious US chip names and into a wider regional supply chain, where local managers have turned early bets on memory, optics and China’s model makers into outsized gains. Several Asia-focused funds more than doubled investor money in the first five
Gold’s latest rally is being driven less by panic and more by relief. Bullion advanced for a third session on Monday as investors reacted to a tentative US-Iran peace framework that could reopen the Strait of Hormuz, ease pressure on energy markets and soften the inflation shock that had recently weighed on the metal. Spot