Oil prices up after reports of 3 ships on fire in Gulf of Oman near the strait of HormuzReports that three ships are on fire in the Gulf of Oman near the strait of Hormuz.MUFG BOJ Preview - Bank set to hold rates steady, may fine-tune bond tapering paceUS Secretary of State Rubio is leaving the G7 early, heading back to DCTrump to leave G7 after resisting joint statement on Israel-Iran conflictPBOC sets USD/ CNY central rate at 7.1746 (vs. estimate at 7.1820)Japan fin min Kato says no plan for talks with Bessent at presentWhite House denies the US is attacking IranJapan's finance minister Kato expresses concern about oil supply, pricesTrump says its 'very important' that he heads back to DC earlySingapore exports have fallen in May vs a rise that was expectedU.S. official says no intention of initiating offensive operations against IranRisk assets selling off on Trump National Security Council news ... but wait!Chinese embassy in Israel advises Chinese citizens to leave Israel ASAPFox reporting that Trump requests NSC be prepared in Situation RoomFrance's Macron says it good that Trump has left the G7 earlyTrump is leaving the G7 summit EARLY and will return to DC tonight.Trump's 'evacuate Tehran' tweet is all about getting Iran to negotiate says White HouseNew Zealand Food Price Index for May 2025 +0.5% m/m (prior +0.8%)Japan PM Ishiba says did not reach trade deal agreement with Trump"Carney and Trump commit to reaching trade deal within 30 days"Trump says everyone should immediately evacuate TehranUBS forecasts gold to $3,500/ozUS plans a 100K annual quota for UK auto imports at 10% tariff rateTrump expected to offer Iran 'last-chance' proposal (US and European sources)US is accelerating the deployment of additional aircraft carrier group to the Middle EastTrump says on Iran that we will do something after leaving G7Trump says he signed document finalizing trade deal with the UKEV news (TSLA), US Senate Republicans plan to end the US$7500 tax creditHere's the 'red line' that if Iran crosses will drag the US into the warForexlive Americas FX news wrap: US dollar reverses losses as G7 beginsUS stock markets close with strong gainsTrade ideas thread - Tuesday, 17 June, insightful charts, technical analysis, ideas
triggered a brief bout of risk aversion:
S&P 500 futures (ES Jun) slipped from 6031 to ~6021
A White House official told CNN the social media post reflected the urgency of the situation and the administration’s desire to push Iran back to the negotiating table as hostilities with Israel escalate.
Markets later retraced some of the moves after a U.S. official said there is no intention to launch offensive operations against Iran, and reports surfaced that Trump was, in fact, staying for the G7 dinner.
As the session progressed, unconfirmed reports emerged of three ships on fire in the Gulf of Oman, near the Strait of Hormuz. That sent Brent crude sharply higher, rising toward $75/bbl.
This article was written by Eamonn Sheridan at www.forexlive.com.
Read More Details
Finally We wish PressBee provided you with enough information of ( ForexLive Asia-Pacific FX news wrap: Trump warns Iran, and then exits G7 a day early )
Also on site :