WTI swung between $86-$91 as US-Iran conflict and diplomacy headlines drove volatility; traders eye options strategies.
EIA data showed crude stocks fell 3.327 million barrels, undershooting forecasts, hinting weaker demand amid OPEC+ uncertainty.
Gold rebounded as the dollar eased on softer inflation and US-Iran truce extension hopes; upside limited.
Treasury four-week bill yield rose to 3.63%, signaling firmer front-end rates, fewer Fed cuts, boosting dollar.
Sterling rebounded as US-Iran ceasefire talks weakened dollar; mixed US data and UK politics capped gains.
UOB sees Thai Helps Thai Plus cushioning 2H2026 growth, but keeps 2026 GDP forecast unchanged at 1.5%.
Iran–US tensions and low inventories lift oil; Hormuz closures tighten supply as underinvestment signals longer-term constraints.
EIA reports 92 Bcf gas storage build; inventories 22% above average, capping prices despite rising LNG, heat.
ABN AMRO sees one final BoE “insurance” hike, then prolonged pause; rate cuts likely delayed until late-2026.
Report: US-Iran 60-day ceasefire extension MOU sparks USD drop; oil bearish, volatility lower; equities bullish.
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