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US Issues Iran Oil License, Allowing Iranian Oil Exports Until August 21
The US has granted Iran a general license for oil-related activities, permitting the production, delivery, and sale of Iranian crude and petrochemicals through August 21, marking the first official return of Iranian oil to global markets since 2018.
JPMorgan: Institutions Set to Sell $165B in Equities in End-of-Q2 Rebalancing
JPMorgan estimates institutional investors will sell up to $165 billion in equities and buy bonds in the largest quarter-end rebalancing in at least four years. Major sovereign wealth funds and pension funds are expected to lead the selling.
Data Center Expansion Faces Growing Local Opposition Over Environmental Concerns
Tech companies pushing for faster data center approvals are meeting resistance from communities worried about water, power, land use, and environmental impact.
Student loan defaults hit record high, consumer stress rises
A record increase in student loan defaults highlights growing repayment difficulties, raising red flags for household finances, consumer spending, and credit quality.
Zurich Insurance Warns Data Center Boom May Spur Securitized Insurance Products
Zurich Insurance warns that the scale of global data-center investments may exceed traditional insurers' risk appetite, potentially leading to securitized insurance products to distribute exposure.
76% of Supply Chain Leaders Report More Disruptions in 2026 vs 2023: Gartner
A new Gartner survey finds that 76% of supply chain leaders expect more disruptions in 2026 than in 2023, citing geopolitical tensions, trade restrictions, climate events, logistics bottlenecks, and supply-chain realignments.
US VP Vance: Mechanism Set Up to Keep Strait of Hormuz Open
US Vice President JD Vance announced on Monday that a mechanism has been established to ensure the Strait of Hormuz remains open, aiming to stop hostilities affecting a key global energy chokepoint.
Canada May CPI Seen at 3.1% YoY – TD Securities
TD Securities forecasts Canada's May CPI to rise to 3.1% year-on-year and 0.8% month-on-month, driven by higher energy prices.
Warsh's First Fed Meeting Signals Hawkish Shift Amid Strong Jobs and Iran War Inflation
Kevin Warsh’s initial Federal Reserve meeting has taken a hawkish tone, driven by improving US labor data and an inflation spike caused by the Iran conflict, effectively ending hopes for near-term rate cuts.
Kremlin Says Measures Underway to Address Fuel Supply Disruptions
The Kremlin confirms coordination between the government and oil companies to tackle fuel supply disruptions, while acknowledging tense efforts to minimize negative consequences in Crimea.
Oil and Gold Outlook: Key Economic Data This Week
A preview of USOIL and XAUUSD highlights that upcoming economic data will be the primary short-term drivers for oil and gold prices this week.
Starmer Resignation Seen as Negative for UK Assets
Keir Starmer's resignation has been labeled 'unambiguously negative' for UK assets, confirming market expectations that Andy Burnham will become the next Prime Minister.
UK PM Starmer Resigns, Burnham Frontrunner to Replace
UK Prime Minister Keir Starmer has formally resigned, confirming weekend reports. He remains as caretaker PM while the leadership contest proceeds, with Andy Burnham emerging as the frontrunner to take over.
Brent Falls as US-Iran Talks Ease Supply Risk – Deutsche Bank
Brent crude oil reversed earlier gains after Deutsche Bank strategists noted that progress in US-Iran negotiations is reducing fears of supply disruptions via the Strait of Hormuz.
Silver rises 2.3% to $66.33 on Monday
Silver prices increased on Monday, trading at $66.33 per troy ounce, up 2.30% from the previous level of $64.84, according to FXStreet data.
Gold Extends Losses on Higher-for-Longer Fed View – ING
Gold fell for a third straight session and week, losing over 2% as investors reassess US-Iran negotiations and US monetary policy expectations.
US and Iran Hold Technical Talks on Implementing Memorandum of Understanding
Iranian news reports that technical discussions are underway between the US and Iran to outline mechanisms for executing a bilateral memorandum of understanding, including the formation of specialized groups to monitor compliance.
WHO Director Race Tests Influence of Europe, Asia, Gulf After US Retreat
The competition to lead the World Health Organization is seen as a pivotal test of which global powers will shape health policy, as the United States steps back.
Iran Says Ceasefire Monitoring Mechanism Expected in Lebanon
Iran's Foreign Ministry spokesperson Esmail Baghaei stated that mediators are working to establish a mechanism to guarantee and monitor the continuation of the ceasefire in Lebanon and on all fronts.
Iran Official: Strait of Hormuz Not Up for Negotiation
Ebrahim Azizi, head of Iran's National Security Commission, declared the Strait of Hormuz is sovereign Iranian waters and not open to foreign interference, emphasizing the final decision rests with Iran's people and military.
Lebanon, US Envoys, Qatar Discuss Forming Cell to Restore Ceasefire
Lebanese presidency officials discussed with US envoys Vance and Kushner and Qatar's prime minister the possibility of creating a crisis cell to stop the breakdown of the ceasefire in Lebanon and end Israeli military escalation.
Iran, Mediators Discuss Final Agreement Talks
Iran's Foreign Ministry announced discussions with mediators about launching final agreement negotiations, with technical teams continuing their work.
Oil eases as US and Iran agree 60-day roadmap in Switzerland
Crude oil prices eased after the US and Iran agreed to a 60-day roadmap during talks in Switzerland. Meanwhile, the euro area releases flash consumer confidence data for June, though the survey period may not fully capture the recent oil price decline.
Iran Threatens Strait of Hormuz Closure; US Futures Drop 1%
Iran's military announced it will re-close the Strait of Hormuz, citing US failure to stop fighting in Lebanon. Markets opened nervous with US equity futures down 1%.