EUR/USD
1.16342
0.027%
Gold
4487.64
0.065%
Oil
90.629
-0.321%
USD/JPY
159.641
-0.016%
GBP/USD
1.34583
0.029%
GBP/JPY
214.855
0.014%
Real-time News
On June 2nd, oil prices stabilized after posting their biggest gain in nearly a month; meanwhile, uncertainty surrounding the prospects for US-Iran peace talks exacerbated the risk of a prolonged disruption to energy supplies from the Persian Gulf. According to US media, Trump stated that a memorandum of understanding between the US and Iran regarding the reopening of the Strait of Hormuz is expected to be reached within the next week. However, he also pointed out that the US still needs to "finalize several details" before a final agreement is reached. Last month, oil prices had fallen somewhat, boosted by market optimism that an agreement was likely. The day before, news broke that Iran had halted negotiations with the US, threatened to close the Bab el-Mandeb Strait, and planned a complete blockade of the Strait of Hormuz. Rebecca Babin, senior energy trader at CIBC, said, "If more signs emerge that the parties are no longer actively negotiating, then the safety cushion (expectations of the best outcome) that the market previously relied on in pricing will disappear." She added, "Weve seen too many back and forths during this conflict; nothing is set in stone at this point."The number of confirmed Ebola cases in the Democratic Republic of Congo has risen to 321.Market news: Sevastopol, a city in Crimea (currently under Russian control), will implement fuel rationing on Tuesday.Workers at Inpex Corp’s Ichthys liquefied natural gas export project in Australia will strike as negotiations between union members and the company have stalled.Ukrainian local authorities are urging Kyiv residents to seek shelter; air raid sirens have been sounded in Kyiv.