WTI slips below $74 after rally as US‑Iran tensions support prices

The post Brent: Supply recovery meets weak China demand – ING appeared on BitcoinEthereumNews.com. ING’s Warren Patterson notes that Oil prices fell after the US–Iran Memorandum of Understanding allowed Persian Gulf supply to recover faster than expected, while demand lagged. He now forecasts Brent at $80/bbl in 3Q26, $74/bbl in 4Q26 and $70/bbl in 2027, but warns that renewed US–Iran tensions and uncertain Chinese buying could push Brent toward $100/bbl. Brent outlook shaped by Gulf risks “The oil market came under significant pressure following the Memorandum of Understanding between the US and Iran on 17 June. The deal allowed oil flows to recover at a much quicker pace than expected, which led to a weakening in the physical oil market. The return of Persian Gulf supply coincided with the continued release of oil from strategic reserves, along with demand recovering at a relatively slower pace than supply.” “We had originally anticipated that the normalisation of oil flows from the

The post US Dollar: Fed minutes flag supply-driven inflation risks – TD Securities appeared on BitcoinEthereumNews.com. TD Securities strategists highlight that the June Federal Open Market Committee (FOMC) Minutes showed rising concern over inflation risks, even as the United States (US) labor market remains stable. Some participants saw a case for a June hike but backed holding rates, while most signaled willingness to pursue further policy firming if supply-side shocks, including Oil and tariffs, push inflation higher. Fed minutes stress hawkish supply risks “The June FOMC minutes showed participants concerned about rising inflation risks. “A few” participants saw the case for hiking in June, but still supported keeping rates on hold.” “The minutes also noted that the labor market remained stable, and that inflation risks were rising due to AI, tariffs, supply chain disruptions, and higher oil prices. However, in a hawkish development, “most” participants saw the case for “policy fi

The post Gold struggles for momentum as US-Iran tensions, hawkish Fed bets weigh appeared on BitcoinEthereumNews.com. Gold (XAU/USD) consolidates modest gains on Thursday, although upside remains limited as renewed hostilities in the Middle East revive concerns over energy-driven inflation and reinforce expectations that the Federal Reserve (Fed) may need to raise interest rates. At the time of writing, XAU/USD is trading around $4,102, up 0.66% on the day. The United States (US) and Iran exchanged another round of attacks overnight. US President Donald Trump said on Truth Social, “This is in retribution for yesterday’s bombing of ships by Iran. If it happens again, it will get much worse!” On Wednesday, Iran reiterated its threat to close the Strait of Hormuz if fresh attacks occur, raising concerns that global Oil flows could once again be disrupted after improving following last month’s interim peace agreement. The latest escalation has weakened hopes for a permanent peace agreement

The post Perpetual Futures Derivatives Expand Beyond Crypto with Kalshi appeared on BitcoinEthereumNews.com. A prediction markets startup is now pressing into some of the most heavily traded corners of global finance — and the established players are not happy about it. Kalshi, which launched the United States’ first regulated perpetual futures derivatives contracts in May after receiving CFTC approval, is now in advanced talks with regulators to bring those same never-expiring instruments to metals, foreign exchange, and energy markets. Key takeaways Kalshi launched the US’s first regulated crypto perpetual futures in May following CFTC approval, generating $16.1 billion in trading volume since launch. The company is in advanced discussions with the CFTC to expand perpetual futures to metals including gold, foreign exchange, and energy commodities. Perpetual futures allow traders to hold positions indefinitely and use leverage of up to 50 times the contract value. CME has sued the CFT

Escalating US-Iran tensions risk broader Middle East conflict, impacting global markets and complicating monetary policy amid rising oil prices. The post US military strikes 90 targets in Iran as crypto markets slide into risk-off mode appeared first on Crypto Briefing.

The post CryptoQuant Explain How Surge In Oil Prices Hurted Bitcoin, Historically appeared on BitcoinEthereumNews.com. The post CryptoQuant Explain How Surge In Oil Prices Hurted Bitcoin, Historically appeared first on Coinpedia Fintech News Brent crude oil has jumped more than 10% in the past two days, while Bitcoin has fallen nearly 6%. This happened just when the U.S-Iran shoot missile on each other, raising tensions at the Strait of Hormuz. Now, CryptoQuant warns that if oil prices keep rising, Bitcoin could face more downside pressure. CryptoQuant Explains the … Source: https://coinpedia.org/news/cryptoquant-explain-how-surge-in-oil-prices-hurted-bitcoin-historically/

The post US Dollar Index: Fed hawks supported by energy spike – ING appeared on BitcoinEthereumNews.com. ING’s Chris Turner notes that higher Oil prices and Gulf tensions have driven a bigger reaction in rates than in FX, with Brent near $80 supporting Fed hawks. The US Dollar (USD) is expected to stay firm versus low-yielders, while carry trades in Emerging Markets (EM) have been unwound. Turner sees US Dollar Index (DXY) around 101.00 with scope back toward 101.50. Fed scenarios and DXY support “Dominating global markets yesterday was the seeming breakdown in negotiations between the US and Iran and a more serious exchange of fire. That has extended overnight, with the US military striking infrastructure targets in northern Iraq – the first strike on infrastructure since early April. Brent briefly touched $80/bl and we saw some large moves at the short end of interest curves.” “In addition, last night saw the release of the FOMC minutes for the June meeting. Some had feared that Fed

The post Japanese Yen gains against US Dollar despite renewed geopolitical risks appeared on BitcoinEthereumNews.com. The Japanese Yen (JPY) trades higher against the US Dollar (USD) despite renewed geopolitical risks. The USD/JPY pair is down 0.17% to near 162.35 as the US Dollar faces selling pressure even as the exchange of attacks between the United States (US) and Iran has de-anchored United States (US) inflation expectations again. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.15% -0.23% -0.16% 0.07% -0.15% -0.69% -0.29% EUR 0.15% -0.07% -0.04% 0.22% 0.03% -0.51% -0.13% GBP 0.23% 0.07% 0.04% 0.29% 0.10% -0.43% -0.05% JPY 0.16% 0.04% -0.04% 0.22% 0.05% -0.52% -0.12% CAD -0.07% -0.22% -0.29% -0.22% -0.19% -0.73% -0.34% AUD 0.15% -0.03% -0.10% -0.05% 0.19% -0.54% -0.15% NZD 0.69% 0.51% 0.43% 0.52% 0.73% 0.54% 0