Brent Oil: Prices climb on geopolitical risks – Deutsche Bank

FXStreet Insights Team FXStreet

Deutsche Bank analysts note that Brent Oil has stabilised after its strongest two‑day gain since 2020, but remains driven by fast‑moving geopolitical risks. Brent rising back above $83.99/bbl as tensions between the US and Iran persisted and uncertainty over the Strait of Hormuz and Chinese export behaviour supported higher Oil prices.

Geopolitics keeps Brent on edge

"Markets finally showed signs of stabilising yesterday, with investor fears easing thanks to a strong batch of US data, and the absence of any major escalations in the Middle East. Brent crude held steady at $81.40/bbl, having just seen its strongest two-day gain since 2020 at the start of the week."

"However, even as a lot of key assets began to recover, the geopolitical situation is clearly moving fast, and oil prices are moving up again overnight, with Brent back up +3.18% to $83.99/bbl."

"So while broader market contagion has eased somewhat, we’ve seen no signs of de-escalation yet, and oil prices are continuing to move higher."

"There’s also uncertainty on when shipping will resume through the Strait of Hormuz, and we’ve seen signs of oil importers beginning to adjust behaviour."

"For example, Bloomberg reported overnight that China had told the biggest oil refiners to suspend exports of diesel and gasoline."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

Author

FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

AUD/USD eyes 0.7150 barrier nine-day EMA

AUD/USD inches higher after registering modest losses in the previous day, trading around 0.7130 during the Asian hours. The technical analysis of the daily chart indicates that the pair is moving sideways within the rectangle pattern, suggesting a consolidation as neither the bulls nor the bears have enough momentum to take control of the market.

USD/JPY trades below 160.00 intervention threshold; bullish bias intact

The USD/JPY pair attracts some sellers during the Asian session amid fears that authorities will step in again to prop up the Japanese Yen. Furthermore, the Israel-Lebanon truce prompts some profit-taking around the US Dollar and exerts downward pressure on the currency pair.

Gold defends 200-day SMA at $4,425, but for how long?

Gold is attempting a tepid recovery toward $4,500 early Thursday, as renewed optimism in the Mideast geopolitical front calms market nerves. This cautious optimism across Asian markets weighs on Oil prices, and diminishes the US Dollar’s safe-haven appeal, helping Gold stage a decent comeback from the weekly low of $4,424.

Hyperliquid: ETF demand, capital rotation fuel HYPE rally as Bitcoin melts

Hyperliquid price sustains an upward trend near its all-time high of $75.76 on Thursday after posting 80% gains in May, while Bitcoin (BTC) retraces below $65,000, triggering a market-wide panic.

Kevin Warsh takes the Fed helm: What it means for the US Dollar

The Federal Reserve moves away from the highly predictable "forward guidance" model of the Jerome Powell era to a new “Kevin Warsh environment”, characterized by less communication, more policy surprises, and an increased focus on the Fed's complex balance sheet.

Recession on paper: What really moves the Canadian Loonie now?

Statistics Canada handed the headline writers a gift and the analysts a headache. Real GDP shrank 0.1% on an annualized basis in the first quarter, and with the fourth quarter of 2025 revised down to a 1.0% contraction, that is two negative quarters in a row, the textbook definition of a technical recession and Canada's first since the pandemic.