
Oil prices jumped sharply at the open today, with Brent crude rising above $104 and WTI nearing $100 per barrel after President Donald Trump rejected Iran’s latest proposal to end the war, increasing concerns over supply disruptions and geopolitical risks.
In the U.S. Market, stock futures edged lower in early trading today after a strong week on Wall Street, as oil prices climbed following President Donald Trump’s rejection of Iran’s latest proposal to end the conflict. This decline comes after major U.S. indices posted strong gains last week and closing at fresh record highs after stronger-than-expected U.S. jobs data boosted investor confidence.
Investors are now focusing on upcoming U.S. inflation data from the US, including CPI and PPI reports, to assess the impact of rising oil prices and the Middle East conflict on inflation and Federal Reserve policy expectations. Global markets and governments are also closely watching this week’s summit between U.S. President Donald Trump and Chinese President Xi Jinping, as its outcome could shape the future of global trade, geopolitics, and economic growth.
In China’s, inflation data came in stronger than expected in April, with producer prices rising at their fastest pace in more than three years as higher commodity and energy costs linked to the Iran conflict boosted inflationary pressures
Asia-Pacific markets traded mixed on Monday as rising oil prices and escalating tensions between the U.S. and Iran influenced investor sentiment. South Korea’s Kospi led regional gains, surging nearly 5% to a fresh record high, supported by strong gains in semiconductor stocks such as SK Hynix.
Gold prices declined on Monday as stalled U.S.–Iran peace negotiations pushed oil prices higher, increasing concerns that inflation could remain elevated and force central banks to keep interest rates higher for longer. The precious metal fell below $4,680, while the U.S. dollar strengthened, adding further pressure on gold prices.
Tags
Open Live Account
Please enter a valid country
No results found
No results found
Please enter a valid email
Please enter a valid verification code
1. 8-16 characters + numbers (0-9) 2. blend of letters (A-Z, a-z) 3. special characters (e.g, !a#S%^&)
Please enter the correct format
Please tick the checkbox to proceed
Please tick the checkbox to proceed
Important Notice
STARTRADER does not accept any applications from Australian residents.
To comply with regulatory requirements, clicking the button will redirect you to the STARTRADER website operated by STARTRADER PRIME GLOBAL PTY LTD (ABN 65 156 005 668), an authorized Australian Financial Services Licence holder (AFSL no. 421210) regulated by the Australian Securities and Investments Commission.
CONTINUEImportant Notice for Residents of the United Arab Emirates
In alignment with local regulatory requirements, individuals residing in the United Arab Emirates are requested to proceed via our dedicated regional platform at startrader.ae, which is operated by STARTRADER Global Financial Consultation & Financial Analysis L.L.C.. This entity is licensed by the UAE Capital Market Authority (CMA) under License No. 20200000241, and is authorised to introduce financial services and promote financial products in the UAE.
Please click the "Continue" button below to be redirected.
CONTINUEError! Please try again.