The U.S. military has conducted retaliatory strikes against Iran after its Islamic Revolutionary Guard Corps attacked a Cyprus-flagged container ship in the Strait of Hormuz, leaving one crew member missing and the vessel disabled.
Eni CEO Claudio Descalzi warned that ongoing Middle East conflict could push crude oil above $100 per barrel by early 2027, citing dwindling global inventories and the limits of strategic reserve releases.
The United States has reportedly carried out strikes against Iranian missile systems, air defenses, and IRGC boats near the critical Strait of Hormuz oil chokepoint, raising concerns about potential volatility in global energy markets.
Iran has launched widespread missile and drone attacks on U.S. facilities across the Gulf and declared the Strait of Hormuz closed, prompting heavy U.S. counter-strikes in a significant military escalation that threatens global energy supply routes.
The British pound traded flat against the dollar on Monday as investors looked past soft U.S. employment figures, focusing instead on the potential for a hawkish tone in the Federal Reserve's upcoming meeting minutes.
Yields on benchmark U.S. government bonds fell Monday after a much weaker-than-expected June jobs report shifted investor expectations for the Federal Reserve's interest rate path, with markets now focused on upcoming FOMC minutes.
South Korea has initiated nearly round-the-clock onshore trading of its currency against the U.S. dollar, a major reform aimed at improving access for global investors and securing an upgrade to developed-market status from index provider MSCI.
Taiwan's central bank announced it sold foreign currency in June to counter a strengthening U.S. dollar, causing its foreign exchange reserves to fall to $597.15 billion.
The U.S. dollar was little changed on Monday, consolidating after its worst session in over two months as investor attention turns to upcoming Federal Reserve meeting minutes for clues on interest rate policy.
