EUR/USD
1.13703
0.029%
Gold
4065.31
-0.275%
Oil
80.671
-0.615%
USD/JPY
163.774
0.024%
GBP/USD
1.32905
0.021%
GBP/JPY
217.669
0.066%
Real-time News
July 28 - According to Axios, senior U.S. officials believe that economic sanctions could ultimately cause more damage to the Tehran regime than a military strike. U.S. intelligence and open-source media reports point to a deepening economic crisis within Iran, including gasoline shortages in one of the worlds richest oil-producing nations. A senior U.S. government official stated, "The Iranians want to stop being bombed, and they want money. But the priorities are almost reversed—their real priority is money." Another U.S. official acknowledged that sanctions and a naval blockade would take much longer than bombing to force Tehran back to the negotiating table—and Trump has so far not approved a full-scale bombing campaign. This extended front could increase the political risk for Republicans, forcing them to defend an unpopular war and high oil prices during the midterm election campaign.Japans Topix index fell further to 2%.According to Axios, U.S. officials believe that economic sanctions could cause more harm to Iran than bombing.July 28 (Futures News) – According to foreign media reports, Chicago Board of Trade (CBOT) corn futures closed lower on Monday, with the benchmark contract down 2.9%, mainly reflecting the plunge in crude oil futures following the pause in the US-Iran conflict. Oil prices fell to their lowest point in a week on Monday. The USs sudden suspension of airstrikes against Iran over the weekend boosted hopes for a diplomatic solution to the conflict, de-escalation, and the resumption of shipping in the Strait of Hormuz. Agricultural product prices are typically influenced by the energy market, especially given the rapid growth in demand for agricultural products in biofuel production. One analyst stated that improved weather in the US Midwest was also a factor contributing to the plunge in futures prices. Commodity Weather Group indicated that temperatures in the Midwest are expected to ease after the weekends high temperatures, and upcoming rainfall will help alleviate drought pressures in agricultural areas.July 28 (Futures News) – According to foreign media reports, soybean oil futures on the Chicago Board of Trade (CBOT) closed sharply lower on Monday, with the benchmark contract down 3.4%, hitting a two-week low, mainly dragged down by a plunge in crude oil futures. Crude oil prices plummeted in response to the Trump administrations suspension of the war on Iraq, hoping to reach a peaceful solution through diplomatic means and reopen the Strait of Hormuz; Brent crude futures fell nearly 9% that day. Soybean oil is a key raw material for biofuel production and is therefore frequently affected by fluctuations in the crude oil market.
