Tensions in the Middle East have escalated following renewed U.S.-Iran military strikes, triggering concerns over oil transit through the Strait of Hormuz. Meanwhile, global markets are monitoring upcoming U.S. CPI data to gauge the Federal Reserve's policy path.
Key Takeaways
- 1.Geopolitical tensions in the Middle East have escalated, with Iran claiming the Strait of Hormuz is closed following U.S. strikes.
- 2.Financial markets are dialing back expectations for immediate Federal Reserve rate hikes, with focus shifting to the upcoming June CPI data.
Table of Contents
- Highlights
- Today (AEST)
- Global markets overview
- Data/event pulse
- Key themes and views
- Market at 6:45am today
- Key data releases
- What's ahead today
- Commodities
- Important Notice
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Authors
Jasmine ZhengBrian MartinDaniel Hynes
Securities
S&P 500WTI Crude Oil
Themes
Geopolitical riskMonetary policy
Regions
Middle EastAsia PacificUnited StatesIranChina