U.S. crude

Global shares traded mixed amid uncertainty over Middle East conflict and Strait of Hormuz access, while the U.S. dollar reached a 40-year high against the yen. Crude oil prices drifted as U.S. envoys discussed Iran deal implementation in Qatar.

Asian shares traded mixed as uncertainty over an Iran-US deal and the Strait of Hormuz's recovery weighed on markets. Japan's Nikkei 225 rose 0.6%, while Australia's S&P/ASX 200 fell 0.4% and South Korea's Kospi dropped 1.8%. Oil prices drifted amid U.S. envoys' talks in Qatar, and U.S. stocks trimmed losses with the S&P 500 up 0.8% despite AI sector volatility.

Wall Street indices showed mixed premarket performance as oil prices declined due to optimism over U.S.-Iran negotiations. High-level talks in Switzerland concluded with encouraging progress reported by mediators Qatar and Pakistan, while the Strait of Hormuz's status remains disputed. Asian and European stock markets saw varied gains, driven by AI-related sectors and geopolitical developments.

Asian shares were mixed and oil traded below $80 a barrel as markets reacted to optimism over an interim U.S.-Iran war deal. The U.S. Federal Reserve began its policy meeting amid expectations of a rate hold, while oil prices stabilized after sharp declines linked to hopes of reopening the Strait of Hormuz.

Asian shares were mixed and oil prices fell below $80 per barrel as markets reacted to optimism over an interim U.S.-Iran war deal. The Federal Reserve's policy decision and potential normalization of oil flows through the Strait of Hormuz influenced market movements, while U.S. crude and Brent crude prices declined slightly.

Oil prices fell to three-month lows as the US and Iran agreed to end a US blockade of Iranian ports and reopen the Strait of Hormuz. Analysts note ongoing challenges in restoring normal oil flows despite improved market sentiment.

Wall Street showed mixed performance in early Friday trading as markets awaited May U.S. jobs data, with S&P 500 and Nasdaq futures declining while Dow futures edged higher. Analysts anticipate 105,000 jobs added in May, down from April, amid concerns over AI's impact on hiring and elevated oil prices due to the Iran war. Regional markets in Asia and Europe showed varied results, with South Korea's Kospi and Japan's Nikkei declining significantly.

Oil prices rose on Friday following reports that China has agreed to purchase crude oil from the United States, according to statements made by Trump following talks with Xi. This trade development signals a potential easing of trade tensions between the two countries.

Iran warns that U.S. President Donald Trump's blockade against Iran is 'doomed to fail' as oil prices surge to a four-year high. Oil prices rose over 10% due to fears of prolonged supply disruptions amid Trump's threats of intensified military action against Iran.

Iran's announcement that the Strait of Hormuz is 'completely open' led to a sharp drop in oil prices and a relief rally in global markets, including equities and cryptocurrencies. The move eased inflation expectations and reduced recession risks, with transportation and consumer sectors expected to benefit, while energy stocks faced pressure.