Japan 10-Year JGB Auction

Switzerland Inflation Rate YoY

Switzerland Inflation Rate MoM

France Budget Balance

Brent crude oil futures rose more than 3% on Thursday, reclaiming levels above $100 per barrel and halting a two-day decline, as markets digested remarks from President Trump on the Iran conflict. Trump said the US is on track to achieve its military objectives within the next two to three weeks, warning that the campaign will target Iran “extremely hard” and restore it “to the stone ages.” While his comments suggested a potential escalation of military operations, he also indicated that diplomatic discussions are ongoing. The conflicting statements raised concerns over the uncertainty of a swift resolution and fears of further damage to energy infrastructure. Meanwhile, Fatih Birol, Executive Director of the International Energy Agency, warned that some countries could face energy rationing as the month’s oil supply shock intensifies. Elsewhere, US crude inventories rose by 5.5 million barrels to 461.6 million last week, well above market forecasts.

Brent Rises After Trump’s Address

WTI crude oil futures rose more than 3% on Thursday, reclaiming levels above $100 per barrel and halting a two-day decline, as markets digested remarks from President Trump on the Iran conflict. Trump said the US is on track to achieve its military objectives within the next two to three weeks, warning that the campaign will target Iran “extremely hard” and restore it “to the stone ages.” While his comments suggested a potential escalation of military operations, he also indicated that diplomatic discussions are ongoing. The conflicting statements raised concerns over the uncertainty of a swift resolution and fears of further damage to energy infrastructure. Meanwhile, Fatih Birol, Executive Director of the International Energy Agency, warned that some countries could face energy rationing as the month’s oil supply shock intensifies. Elsewhere, US crude inventories rose by 5.5 million barrels to 461.6 million last week, well above market forecasts.

Oil Rises After Trump’s Address

Heating Oil increased 5.15% to 4.2656 USD/Gal

Heating Oil is up by 5.15%

The Australian dollar was little changed to around $0.693 on Thursday, holding its rebound from two-month lows as investors monitored a high-stakes televised address from US President Donald Trump on the Iran war, while strong domestic trade data supported sentiment. Data showed Australia’s trade surplus more than doubled in February, marking the largest in seven months as gold and farm exports jumped, while imports of gold and data processing equipment eased. Meanwhile, in his address, Trump is expected to declare that the U.S. has met its objectives in Iran and signal a drawdown of the conflict over the next two to three weeks, which could influence global markets. He also signaled earlier that a ceasefire could be considered “when the Strait of Hormuz is open, free, and clear”. Elsewhere, tariff concerns resurfaced as the Trump administration prepared a 25% levy on finished goods containing imported steel and aluminum.

Trending Symbols And Events

Most latest news, events and ideas for smart decisions

Latest News