President Trump claims to have resolved or contributed to ending six or seven conflicts worldwide, including conflicts between Armenia and Azerbaijan, Rwanda and Congo, India and Pakistan, and a ceasefire between Israel and Iran, though the effectiveness and permanence of these resolutions vary and some are disputed or incomplete.
Oil prices remained steady after earlier gains as investors balanced concerns over the Iran-Israel ceasefire with a focus on strong US demand and market fundamentals, including falling US inventories and potential OPEC+ output adjustments.
Following Iran and Israel's ceasefire, there are signs of renewed US efforts to broker a Gaza ceasefire, with negotiations involving Hamas and regional mediators, though significant disagreements and ongoing violence in Gaza complicate the prospects for a quick resolution.
Oil prices increased slightly as investors assessed the stability of a ceasefire between Iran and Israel following recent conflicts and U.S. airstrikes, with market attention also on U.S. crude stockpiles and geopolitical tensions in the Strait of Hormuz.
U.S. stock futures are rising following a ceasefire between Iran and Israel, with oil prices dropping and key corporate and economic events including Fed Chair Powell’s testimony and Amazon’s significant UK investment shaping market sentiment.
U.S. Treasury yields declined despite Fed Chair Jerome Powell indicating no rush to cut interest rates, amid ongoing geopolitical tensions and a fragile Iran-Israel ceasefire, with markets reacting to Powell's comments and international developments.