Eamonn Sheridan

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Commodities
US Iran War
Commodities

WSJ report that Trump targets swift end to Iran war while ramping up military pressure

  • Conflicting signals between de-escalation and military build-up keep volatility elevated, with oil sensitive to both ceasefire hopes and the risk of further escalation or disruption in Hormuz.
Commodities
trade balance
Commodities

China's COSCO resumes Gulf shipping, signalling uneven reopening of Hormuz routes

  • Partial reopening may ease some trade disruption fears, but uneven access and geopolitical conditions could keep oil and shipping risk premiums elevated.
Central Banks
pboc cny yuan cnh 23 September 2025 2
Central Banks

PBOC is expected to set the USD/CNY reference rate at 6.9108 – Reuters estimat

  • PBOC CNY reference rate setting for the trading session ahead.
Commodities
brent oil kharg war 26 March 2026
Commodities

Oil rises as US escalation risk builds despite Trump ceasefire rhetoric

  • Oil rises as US troop build-up fuels fears of escalation toward Iran, with Kharg Island in focus. Trump continues ceasefire rhetoric, but markets see misdirection as risks to supply and potential ground operations grow.
Commodities
Trump Iran war
Commodities

Trump speaking, says Iran is negotiating and want a deal

  • Trump, of course, is not necessarily speaking truth here.
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