Oil price news

Markets end the week with caution as geopolitical tensions dominate the narrative ahead of the start of earnings season.

Oil jumps higher as Trump announces the ceasefire deal with Iran is over, reintroducing the Hormuz risk-premium into markets.

Markets focus on the latest economic data as central banks reiterate they are data-dependant at the ECB forum in Sintra.

Oil continues to face downward pressure as markets hope for a resolution to the Middle East conflict and reopening of the Strait of Hormuz.

Markets trade with some uncertainty as high inflation and a lack of progress in the Middle East cap the upside

Oil continues to face downside pressure as the US and Iran sign a memorandum of agreement which will halt hostilities for 60 days as they finalise their agreement.

News that the US and Iran have reached a peace deal and the Strait of Hormuz will re-open has reignited risk appetite in markets during a busy central bank week.

Markets pull back from recent highs as positioning, rate expectations and geopolitics play into the momentum change.

AI and strong earnings continue to drive equities higher as markets expect a peace deal outcome in the Middle East.

Equity markets continue to move higher and oil drops on reports that the US and Iran seem to be getting closer to a peace deal.