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MAIA: OMIFCO CEO: Operation Not Impacted by Hormuz Closure
Oman India Fertiliser Company, has announced a landmark IPO on the Muscat stock exchange, as it looks to capitalize on soaring prices and growing investor interest in the sector. The listing comes at a time when disruptions in the Strait of Hormuz is reshaping global fertilizer markets and raising concerns about food security. Ahmed Said Al-Marhoubi, CEO of OMIFCO spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East and Africa about the timing of their listing. (Source: Bloomberg)
Bejjani: UAE Holding Up Well During Regional Uncertainty
The Middle East business community is navigating a period of unprecedented uncertainty, as the Iran conflict disrupts supply chains, travel and investment flows across the region. Alain Bejjani, Author of NEXT: Leading Through the New Realities & former CEO of Majid Al Futtaim spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East and Africa on how businesses are adapting in the current environment. (Source: Bloomberg)
CFTC Scraps No-Deny Rule, Israel Tax Disclosures Miss $1B Target, Pi Activates Protocol 24
Crypto News The US Commodity Futures Trading Commission has rescinded its long-standing no-deny policy, removing a rule that required settling defendants to refrain from publicly denying the agency's allegations. Chairman Mike Selig said th
investingLive Asia-Pacific FX news wrap: Israel Lebanon ceasefire, Hezbollah permitting
Still to come, RBA's Michele Bullock, Governor, Sarah Hunter, Assistant Governor (Economic), and Christopher Kent, Assistant Governor (Financial Markets) will all speak in Australia's parliament today. None will be dovish. due at 0500 GMT / 0100 US Eastern time Bitcoin continued to drop, hard, only finding a bounce under $62K: This article was written by Eamonn Sheridan at investinglive.com.
TSMC boss upbeat on outlook as AI boom shows no sign of easing
Taiwan's TSMC, the world's largest contract chipmaker, said on Thursday it is confident in its growth over the next few years, driven by robust demand for computing power and advanced semiconductors, as it rides an AI boom. Chief Executive C.C. Wei, speaking at TSMC's annual shareholders' meeting in the northern Taiwanese city of Hsinchu, added that its customers continue to express a positive outlook for the AI industry. Taiwan has taken centrestage this week as it hosts the annual Computex conference, where leaders of some of the world's most powerful tech companies are gathering, with executives from the likes of Nvidia to Intel praising the island's central role in the global supply chain.
U.S. to dismantle system tracking Atlantic currents that are at risk of collapse
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Israel’s tax authority ‘disappointed’ in voluntary crypto disclosures: Report
Israeli taxpayer disclosures of profits from cryptocurrencies have reportedly fallen short of expectations at the Israel Tax Authority after enactment of a policy allowing immunity from criminal proceedings for filers correcting their repor
US Treasury Sanctions Iranian Crypto Exchanges, Including Nobitex, Over Sanctions Evasion and IRGC Ties
BitcoinWorld US Treasury Sanctions Iranian Crypto Exchanges, Including Nobitex, Over Sanctions Evasion and IRGC Ties The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has imposed sanctions on multiple Iranian cryptocurr
US House of Representatives votes against Trump's war. The vote means nothing.
ABC news in the US: The House adopted a resolution to rein in President Donald Trump's Iran war powers for the first time vote of 215-208 the resolution is symbolic in nature This article was written by Eamonn Sheridan at investinglive.com.
investingLive Americas market news wrap: Dollar firms as war angst creeps in
Markets: Gold down $41 to $4444 US 10-yuear yields up 3.4 bps to 4.49% WTI crude oil up $2.27 to $96.03 S&P 500 down 0.6% Nasdaq Comp down 0.8% USD leads, NZD lags The dollar moves were substantial on Wednesday in a worrisome sign of geopolitical risk as oil rose another 2.5%. The reports of an imminent deal between the US and Iran have dried up and there's a sense we are at a turning point in the war as patience wears thin. In particular focus is USD/JPY as it rose above 160.00 and into the range where Japan will be tempted to intervene. Elsewhere, oil prices chopped around and hit $97 before fading to $94.40 and then rising back to $96.17.The bond market has started to notice rising oil as yields ticked higher. Outside of Iran-driven news, the AI trade showed a bit less resilience than usual. There were some attempts to drag stock markets higher but it was Nvidia that struggled, falling 3.6% in a continuation of yesterday's reversal. We also saw a big swing lower in software stocks, where were a main catalyst in the May rally. The IGV software ETF was down 4.3%. Alphabet shares also fell to the lowest since April in a 0.8% decline in the fourth day of losses; Microsoft was down 3.2%. On the flipside, Meta was up 4.2% on upgrades. The meme-like rally in MRVL after Jensen Huang said it will be the next trillion dollar compay continued in early trade but stumbled later and it finished up 3.7%. Precious metals and crypto were under pressure in a sign of the deleveraging trade. Bitcoin is nearing $65,000 and threatening the late-March lows. This article was written by Adam Button at investinglive.com.
WTI Crude Oil Surges as Renewed Iran Gulf Tensions and Sharp US Inventory Drawdown Tighten Supply
BitcoinWorld WTI Crude Oil Surges as Renewed Iran Gulf Tensions and Sharp US Inventory Drawdown Tighten Supply West Texas Intermediate (WTI) crude oil futures climbed sharply in early trading on Wednesday, driven by a combination of renewed
Xcel Building More Modern, Resilient, Sustainable Grid, Says CEO Frenzel
Xcel Energy CEO Bob Frenzel said that his company is investing across a wide range of energy sources including wind and solar to build a 'more modern, more resilient, more sustainable grid of the future.' Talking to Bloomberg Washington Correspondent Tyler Kendall, Frenzel said that despite rising oil prices due to war between the US and Iran, the price of natural gas has seen little fluctuation. (Source: Bloomberg)
Crude oil futures settled at $96.02 up 2.41%
Crude oil futures settled at $96.02, gaining $2.26, or 2.41%, as buyers remained firmly in control throughout the session. Prices traded in a wide range, reaching a high of $97.00 and a low of $93.45, but the overall trend remained higher as bullish momentum continued to build. The technical foundation for today's rally was established yesterday when crude oil found willing buyers near its 100-hour moving average before rebounding sharply and reclaiming its 200-hour moving average. Since moving back above that longer-term barometer, the price has remained comfortably supported, signaling that buyers have regained the near-term advantage. Today's advance also carried crude above the May 26 corrective high at $94.71, an important technical hurdle. Although prices briefly dipped back to $94.33 after the breakout, sellers were unable to sustain momentum below the former resistance level. The quick recovery and ability to remain above $94.71 throughout the remainder of the session reinforce that area as a key support level going forward. With the breakout confirmed, traders are now turning their attention to the next major upside targets. The first comes at the 50% retracement of the decline from the April 7 high, which is located at $98.30. A move above that level would further strengthen the bullish case and bring the psychologically important $100.00 level into focus. Beyond $100, traders will be watching a downward-sloping trendline that currently intersects near $101.00 on the hourly chart. That trendline represents the next significant technical hurdle and could attract profit-taking or renewed selling interest. However, as long as crude oil remains above the former breakout level at $94.71 and above its key hourly moving averages, the technical bias remains tilted to the upside, with buyers maintaining control of the near-term trend. Fundamentally, traders reacted to another day of deteriorating Middle East diplomacy and rising geopolitical risks. Hopes for a breakthrough in U.S.-Iran peace negotiations faded as talks remained stalled, with both sides publicly disputing whether meaningful discussions are even taking place. Iran has continued to demand broader concessions tied to regional conflicts, while the U.S. and its allies have maintained pressure on Tehran regarding its nuclear program and military activities. At the same time, military tensions escalated across the Gulf region. Reports of Iranian missile and drone attacks, U.S. retaliatory strikes, and continued hostilities involving Hezbollah in Lebanon reinforced concerns that the conflict could broaden further. The ongoing uncertainty has also delayed hopes for a normalization of shipping through the Strait of Hormuz, a critical route that normally handles roughly one-fifth of global oil trade. This article was written by Greg Michalowski at investinglive.com.
Geopolitical news: China, Iran, NATO, and chip shortage
Recent headline news has been full of different geopolitical headlines: Two rockets have been launched from southern Lebanon toward Israel. Rubio says it's impossible to sign any agreement with Iran that does not include highly enriched uranium. Treasury Secretary Bessent acknowledges that relations with China are more stable. Will see if China commits to larger Boeing purchases. Comments that Hezbollah leaders have a backed down from condition of Israeli which role as a prerequisite for accepting a cease-fire Iranian source said that the Iran's gratuitous threats are over and that any aggression will be met with regrettable response. Rubio told Congress that the US is waiting for Iran's final sign off on negotiations surrounding Tehran's nuclear program The comments are both positive and negative. Of course there is not a lot of trust put in any geopolitical comments given the tensions. In a another worry, automakers, retailers and consumer electronic firms are warning of chip shortages and price hikes could lead to significant and sustained near-term price increases for American households. US yields remain up on the day with the 10 year trading above and below the 4.50% level. The two year yield is trading at 4.088% after dipping below the 4.0% level recently. The US dollar remained higher with the largest gain versus the NZD NZD +1.06% CHF +0.66% AUD +0.65% CAD +0.41% GBP +0.35% EUR +0.30% JPY +0.08% US stocks are lower with the Dow -0.86% S&P -0.63% Nasdaq -0.97% This article was written by Greg Michalowski at investinglive.com.
The NZDUSD is the weakest currency as war, oil, risk-off and technicals weigh on the pair
The NZDUSD briefly pushed above the May high at 0.5889, reaching 0.5893, but the breakout lacked momentum and quickly faded. That failure to attract sustained buying interest set the stage for a more bearish tone heading into this week. On Monday, the pair moved sharply lower before finding support in a key swing area between 0.5918 and 0.5928. Tuesday's price action was largely consolidative, with buyers defending that support zone. However, today's rally attempt stalled just ahead of the 100-hour moving average at 0.5938, with the high reaching only 0.5935. When buyers failed to regain control above that level, they quickly turned into sellers. The subsequent move lower broke below the swing-area floor at 0.5918 and extended through the 200-hour moving average at 0.59024. That break added to the bearish momentum and encouraged further selling pressure. The decline has now reached the 38.2% retracement of the rally from the early April low to the May high, which comes in at 0.58704. So far, buyers have managed to defend that retracement level. The key battle now centers on the area between the 38.2% retracement at 0.58704 and the 200-hour moving average at 0.59024. A move back above the 200-hour moving average would help stabilize the pair and give buyers a foothold. However, given the failed breakout above the May high, the rejection at the 100-hour moving average, and the break below key support levels, the near-term technical bias remains tilted in favor of the sellers. This article was written by Greg Michalowski at investinglive.com.
US EIA weekly crude oil inventories -7974K vs -4007K expected
Prior was -3327K Gasoline +3364K vs -513K expected Distillates +1502K vs -319K expected Refinery utilization +0.2% vs +0.3% expected API data released late yesterday: Crude -6750K Gasoline -3199K Distillates -214K WTI crude oil was up $1.10 to $94.92 ahead of the report. This article was written by Adam Button at investinglive.com.
Morgan Stanley's Weaver Sees Continued AI-Driven Equity Momentum
Michelle Weaver of Morgan Stanley discusses the outlook for equities, emphasizing the strong demand for technology driven by AI developments. The 10-year Treasury yield level around 4.5% is seen as critical for equity valuations, with yields above this level potentially weighing on equities. While some inflationary pressures, such as gasoline prices, are causing concern, Weaver views these as relatively narrow and partly linked to geopolitical factors like the Strait of Hormuz tensions, which the president has indicated could persist until September. (Source: Bloomberg)
US Proposes New Tariffs After Investigation; US, Iran Exchange Clashes | Bloomberg Brief 6/3/2026
US equity futures hover above another record close and oil climbs amid clashes between the US and Iran. The US proposes new tariffs of at least 10% on imports from 60 trading partners after an investigation into the handling of goods. David Layton, CEO of Partners Group, discusses the redemption pressure seen among individual investors as the private equity firm caps withdrawals at on one of its evergreen funds. Mark McCormick of BMO Capital Markets discusses the strength of the US dollar. (Source: Bloomberg)
US president Trump reaffirms that Iran has agreed to not have a nuclear weapon
Iran has agreed they will not have a nuclear weapon Iran's supreme leader (Mojtaba Khamenei) is involved in negotiations with the US He is the one authorising talks, will probably meet with him at some point We have very little inflation, stock market is doing very well Gasoline prices will fall after the conflict with Iran ends Naval blockade on Iran could be lifted by Labour Day, but unlikely It's likely that I'll reach some sort of agreement with Khamenei Iran situation is rapidly evolving, will be very good I have a good relationship with Israel prime minister Netanyahu I was a bit perturbed at his fighting in Lebanon This article was written by Justin Low at investinglive.com.
Hawkish Fed risk continues to weigh on gold as US-Iran stalemate drags on, tensions rise
On the daily chart, we can see that gold is again consolidating as traders await new catalysts to push the price into either direction. We are trading right in the middle of the two key trendlines, so there’s not much we can glean from this timeframe. We need to zoom in to see some more details. On the 4 hour chart, we have a key resistance zone around the 4,585 level where the price got rejected from several times. From a risk management perspective, the sellers will have a better risk to reward setup around the resistance and the downward trendline to position for a drop into new lows. The buyers, on the other hand, will need the price to break above the trendline to open the door for a rally into the 4,850 level next. On the 1 hour chart, we have a minor downward trendline defining the current bearish momentum. The sellers will likely continue to lean on the trendline to keep pushing into new lows, while the buyers will look for a break higher to extend the pullback into the 4,490 zone. If the price pulls back into the zone, we can expect the sellers to step in there with a defined risk above it to position for a drop into new lows, while the buyers will look for a break to increase the bullish bets into the 4,585 resistance. The red lines define the for today. , we have the US ADP report and the US ISM Services PMI. Tomorrow, we get the latest US Jobless Claims figures. On Friday, we conclude the week with the US NFP report. This article was written by Giuseppe Dellamotta at investinglive.com.
Iran reserves right to defend against any country permitting US attacks
Iran's foreign ministry condemns US strikes on Iranian tanker and Qeshm island Stresses direct responsibility of Kuwait and Bahrain rulers for permitting attacks Reserves right to defend against any country permitting US use of territory or airspace for attacks This article was written by Giuseppe Dellamotta at investinglive.com.
Vakhshouri: Prolonged Iran War to Tighten Oil Supply
Oil prices whipsawed as hopes for a US-Iran peace deal faded with fresh fighting across the Middle East. The ongoing uncertainty has raised new concerns about supply disruptions and the future of flows through the Strait of Hormuz. Sara Vakhshouri, President and Founder of SVB Energy International spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East and Africa on the oil markets. (Source: Bloomberg)
U.S. sanctions Iran’s biggest crypto exchange Nobitex over IRGC ties
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