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The very large crude carrier cleared the Gulf of Oman into the Arabian Sea with around 2 million barrels of Iraqi crude bound for China. Most tankers remain stranded in the Persian Gulf following Iran’s effective closure of the Strait of Hormuz in late February. Earlier: The outline of a deal exists signing still days
A senior US official says an Iran deal is around 95% complete but will not be signed for several days, with Iran receiving no sanctions relief until its nuclear stockpile is handed over. Summary: Source: senior US administration official via Sky (?) The deal is roughly 95% complete but remains unsigned, with final language still
Global markets are entering the new week facing an important question: did US President Donald Trump just announce the beginning of real peace in the Middle East, or merely a ceasefire extension in a still-dangerous conflict? Trump said on Saturday that a major agreement with Iran had been “largely negotiated” and that a formal Memorandum
The week is ended with markets focused squarely on the growing tension surrounding Iran, as negotiations entered what officials described as a critical stage. Mediators including Pakistan, Qatar, and Saudi Arabia worked urgently to secure at least a temporary framework agreement aimed at preventing renewed U.S. and Israeli military action. The diplomatic effort is centered
Market participants endured an absolute rollercoaster of emotions over the past five sessions, navigating a landscape that violently whipsawed between extreme fear and sudden euphoria. The week kicked off with intense anxiety as the United States firmly rejected an initial Iranian diplomatic offer, a move that immediately spiked crude oil prices and threatened to reignite
Inflation in France, Italy, Germany and Spain is expected to remain above the ECB’s 2% target. Persistent price pressure, driven partly by energy risks and supply concerns, may strengthen the case for a June rate hike. The ECB faces a difficult choice between fighting inflation and avoiding further weakness in eurozone growth. Inflation in the
Sky News Arabia is reporting: Negotiations in Tehran have reached an understanding on broad outlines regarding the nuclear issue. Delivery of Uranium would be linked to lifting the sanctions and would be gradual. Focused on an understanding regarding the Strait of Hormuz which is still in negotiations. Iran still wants American guarantees for any agreement
A reading on leading U.S. economic indicators unexpectedly edged slightly higher in the month of April, according to a report released by the Conference Board on Friday.The Conference Board said its leading economic index crept up by 0.1 percent in April after falling by 0.6 percent. Economists had expected the index to dip by 0.3
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
Global financial markets remain trapped in a tense but directionless pattern as investors struggle to price a US-Iran conflict that is neither escalating into full confrontation nor moving convincingly toward resolution. Brent crude continues hovering near USD 105 after another volatile week, while US 10-year Treasury yields remain comfortably above 4.5%. Equities are largely drifting
2026.05.22 2026.05.22 XAU/USD: Elliott Wave Analysis and Forecast for 22.05.26–29.05.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above 4,090.00 with a target of 5,610.00–6,000.00. A buy signal: the price holds above 4,090.00. Stop Loss: below 4,020.00, Take Profit: 5,610.00–6,000.00. Alternative scenario: Breakout and consolidation below
Two former foreign exchange exotics options traders at Citi have left the US bank to take up new roles at Morgan Stanley and Millennium. Jay Steinberg joined the hedge fund in New York this month as a portfolio manager, while London-based Thomas Roberts joined Morgan Stanley in April as an FX options trader focusing on
Binance continues pushing technical upgrades BNB Chain’s development roadmap remains highly ambitious. Binance recently confirmed testing around quantum-resistant cryptography, a long-term security initiative aimed at protecting blockchain infrastructure from future quantum computing threats. Although the tests reportedly reduced transaction throughput significantly, the effort demonstrates Binance’s focus on future-proofing the network against emerging technological risks. At
2026.05.22 2026.05.22 GBP/USD: Elliott Wave Analysis and Forecast for 22.05.26–29.05.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.3553 with a target of 1.3150–1.2936. A sell signal: the price holds below 1.3553. Stop Loss: above 1.3590, Take Profit: 1.3150–1.2936. Alternative scenario: Breakout
Full report here Lagarde declined to provide specific guidance regarding the ECB’s upcoming June 11 meeting. She emphasized that the bank will maintain a “data-dependent” and “meeting-by-meeting” approach to ensure inflation returns to its 2% target. She highlighted the energy price shock that is simultaneously driving up inflation and slowing economic growth. While long-term inflation
Greece’s current account deficit decreased in March, due to improvements mostly in the goods and services balance and the primary income account, data from the Bank of Greece showed on Friday.The current account showed a deficit of EUR 2.3 billion in March, down from 3.3 billion in the corresponding month last year.The goods trade deficit
