Oil prices climbed strongly as the Iran-Israel conflict raged with no end in sight, though major oil and gas infrastructure and flows have so far been spared from substantial impact.
Oil prices climb as Iran-Israel conflict escalates
Central banks in focus
Stock indexes stayed higher after last week’s losses as investors took heart from reports that Iran was seeking to end hostilities with Israel, and stayed confident in their predictions for a busy week of central bank meetings.
Gemini, Coinbase expected to secure EU licenses under MiCA
Crypto exchanges Gemini and Coinbase are reportedly set to secure licenses to operate in the European Union, marking a significant step in their expansion under the newly implemented Markets in Crypto-Assets regulations.
UK’s FTSE 100 joins global rally after reports Iran seeking truce with Israel
London’s benchmark FTSE 100 rose, coming within spitting distance of a record high, after global risk appetite was boosted by reports Iran was seeking a truce with Israel. Focus this week will shift to monetary policy meetings of the Bank of England
Gold advances as Israel-Iran escalation fuels safe-haven bids
Gold prices soared as investors flocked to safe-haven assets following Israeli airstrikes on Iran, re-igniting fears of a broader conflict in the Middle East. U.S. gold futures settled 1.5% higher.
Oil settles up 7% as Israel, Iran trade air strikes
Oil prices jumped on Friday and settled higher as Israel and Iran traded air strikes, feeding investor worries that the combat could widely disrupt oil exports from the Middle East. Both benchmarks had their largest intraday moves since 2022 when Russia’s invasion of Ukraine caused a spike in energy prices.