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WTI drifts higher above $93.50 on Hormuz uncertainty
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $93.65 during the Asian trading hours on Monday. The WTI price edges higher as transit through the Strait of Hormuz remains severely restricted and peace talks between the United States and Iran have stalled.Gold slumps below $4,700 as stalled Iran peace talks weigh
Gold price (XAU/USD) tumbles to around $4,680 during the early Asian session on Monday. The precious metal attracts some sellers amid the ongoing conflict in the Middle East. Traders brace for the US Federal Reserve (Fed) interest rate decision later on Wednesday, with no change in rate expected.Fxstreet
Mon, Apr 27
Iran's Araghchi Holds Talks with Oman on Ending War and Securing Hormuz
Iran's Foreign Minister Abbas Araghchi held talks in Oman on Sunday and discussed security in the Strait of Hormuz and broader Gulf waters and diplomatic efforts to end the Iran-US conflict, Reuters reported on Sunday.Fxstreet
Mon, Apr 27
Gold rebounds as Iran-US deal hopes drive upside
Gold (XAU/USD) price recovers some ground on Friday, extending its gains above $4,700 as market sentiment remains upbeat amid headlines from Iran and the US pointing to a resumption of second-round talks aimed at ending the conflict. At the time of writing XAU/USD trades at $4,726, up 0.47%.Fxstreet
Fri, Apr 24
Silver Price Forecast: XAG/USD struggles below medium-term SMAs, bearish tone intact
Silver (XAG/USD) trades flat on Friday, lacking clear direction as upside remains capped by Oil-driven inflation linked to ongoing US-Iran tensions, which have raised expectations of a prolonged higher interest rate environment.Oil: Blockade keeps upside inflation risks elevated – MUFG
MUFG’s Derek Halpenny links the prolonged Strait of Hormuz closure to rising Oil and input costs, with agricultural and fuel prices already surging. Halpenny assumes crude Oil averages USD 115 in Q2, lifting US inflation toward 3.8% later this year.Fxstreet
Fri, Apr 24
Oil: Tight gas outlook and conflict risks support prices – BNY
BNY’s Bob Savage reports that Oil remains a key market barometer as the Iran war disrupts supply, with Brent up sharply and the International Energy Agency warning that the global natural gas market will stay tight for at least two more years.Fxstreet
Fri, Apr 24
Brent: Geopolitical risk keeps prices elevated – Deutsche Bank
Deutsche Bank strategists highlight that Brent Oil continues to climb as US-Iran tensions persist and the Strait of Hormuz remains effectively closed. Brent futures across the curve have pushed to multi‑week highs, with US gasoline and inflation swaps also rising.Fxstreet
Fri, Apr 24
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