BOJ Raises Rate to 1%

BOJ hikes rate to 1% as expected The Bank of Japan has raised its interest rate by 25 basis points to 1%. This move was widely anticipated by the market. The rate hike comes as China's industrial output beat expectations, rising 4.5% year-over-year in May. However,

Goldman Cuts Brent Forecast

Goldman lowers Brent forecast to $80 for Q4 2026 Goldman Sachs cut its Q4 2026 Brent forecast to $80 from $90. The revision is due to the US-Iran Hormuz deal, which brings forward Persian Gulf export normalisation to end-July. The 2027 average of $75 for Brent an