US and Iran agree to extend ceasefire for 60 days The US and Iran have tentatively agreed to a 60-day ceasefire extension, allowing Hormuz traffic to resume. The deal still requires approval from President Trump. US economic data showed April PCE inflation
US and Iran exchanged strikes amid rising tensions The US and Iran have exchanged fire near the Strait of Hormuz, increasing tensions in the region. The Islamic Revolutionary Guard Corps revealed that it had attacked four ships in the strait, which included America
Snowflake shares jump 36% after announcing an AI-driven deal with Amazon, defying broader software sector weakness. Snowflake Inc. rallied 36% following the announcement of a strategic partnership with Amazon, bolstered by strong AI-driven demand. The surge contrasts with
Bitcoin falls sharply amid geopolitical risks and ETF outflows, defying resilience as traders assess macroeconomic pressures. Bitcoin slid 23% to $57K, driven by ETF outflows and escalating geopolitical tensions in the Middle East. The decline reflects broader market uneas
Treasury Secretary Bessent cites oversupply and 2,000 ships awaiting Gulf transit as key factors for lower crude prices. Treasury Secretary Bessent stated oil prices will drop below pre-conflict levels due to strong market supply. Approximately 2,000 ships are waiting to e
Treasury Secretary Bessent cites oversupply and 2,000 ships awaiting Gulf transit as key factors for lower crude prices. Treasury Secretary Bessent stated oil prices will drop below pre-conflict levels due to strong market supply. Approximately 2,000 ships are waiting to e
The 90 million-person nation ends one of the longest internet shutdowns amid ongoing geopolitical tensions and state censorship. Iran has restored internet access after an 88-day nationwide blackout, ending one of the longest disruptions on record. The shutdown followed es
The AUDUSD and NZDUSD are leading the move lower in the US dollar today as improving risk sentiment weighs on the greenback. Reports suggesting that the U.S. and Iran are nearing a memorandum of understanding on a cease-fire have helped push crude oil back lower, with WTI
The AUDUSD and NZDUSD are leading the move lower in the US dollar today as improving risk sentiment weighs on the greenback. Reports suggesting that the U.S. and Iran are nearing a memorandum of understanding on a cease-fire have helped push crude oil back lower, with WTI
A 60-day ceasefire extension framework has been agreed upon but requires final approval from President Trump to proceed. Negotiators from the US and Iran have finalized a memorandum of understanding for a ceasefire, structured in two phases. The agreement includes a 60-day
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