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Middle East War updates: Trump holds off Iran strikes on pledge Hormuz deal is close
Hereās a brief recap of the key developments in the Middle East war that occurred over the weekend, which are expected to have a significant impact on markets in the upcoming week.
US and Israel plan to attack Iran's energy infrastructure ā CBS News
CBS News reported that the United States and Israel may engage in a large campaign against Iran, targeting Iran's energy infrastructure, said multiple sources.
United States Baker Hughes US Oil Rig Count rose from previous 450Ā to 451
United States Baker Hughes US Oil Rig Count rose from previous 450Ā to 451
WTI Oil recovers above $83 ahead of OPEC meeting
West Texas Intermediate (WTI) US Oil trades higher on Friday, rising 0.76% to around $83.30 after staging a sharp rebound from an intraday low below $80.00.
Brent: Conflict risks keep prices elevated ā Commerzbank
Commerzbankās Norman Liebke and colleagues highlight that Brent remains volatile as Middle East tensions and shipping disruptions through key chokepoints constrain supply.
WTI Oil drifts closer to $80.00 amid a mild increase in traffic through HormuzĀ
Oil prices are ticking lower for the second consecutive day on Friday, with the US benchmark West Texas Intermediate (WTI) barrel hitting session lows a few cents above $80.00.
Oil: Middle distillate tightness supports prices ā ING
ING analysts Warren Patterson and Ewa Manthey note that Oil prices have pulled back, with ICE Brent dropping below $90/bbl even as USāIran tensions stay high.
Indian Rupee: Flows recovering as Dollar strength caps gains ā DBS
DBS Group Research economist Radhika Rao notes Indiaās onshore markets are being pulled between higher Oil prices and improving capital flows.
WTI falls to near $80.50 on profit-taking, increased traffic through Strait of Hormuz
West Texas Intermediate (WTI), the USĀ crudeĀ oil benchmark, is trading around $80.50 during the early European trading hours on Friday. WTI tumbles as traders book some profits despite ongoing conflicts in the Middle East.Ā
Silver Price Forecast: XAG/USD declines to near $58.40 as US Dollar regains ground
Silver price (XAG/USD) is down almost 1% to near $58.40 during the Asian trading session on Friday. The white metal faces selling pressure as the US Dollar (USD) rebounds slightly, attempting to snap a three-day losing streak.
WTI holds losses around $82.50 on renewed US-Iran diplomatic hopes
West Texas Intermediate (WTI) oil price remains in the negative territory for the second successive day, trading around $82.60 per barrel during the Asian hours on Friday. Crude oil prices have lost ground following renewed hopes for a diplomatic solution to the US-Iran conflict.
US President Donald Trump says Board of Peace has reached agreement for disarmament of Hamas
US President Donald Trump claimed his Board of Peace has reached an āhistoric agreement for the complete disarmament of Hamas and all other armed groups in Gaza,āthe Guardian reported on Friday.
Iran says US to āpay the priceā for Qeshm civilians killed
Iranian Parliament Speaker Mohammad Bagher Ghalibaf said that the United States (US) will pay the price for killing Iranian civilians, Aljazeera reported on Thursday.