Daily Bulletin

Good morning. The United Arab Emirates’ (UAE) decision to withdraw from OPEC and the Russia-led OPEC+ coalition has pushed oil prices higher while triggering a sell-off in global equity markets. The UAE’s decision is driven by its intention to independently determine production levels in pursuit of its 5 million barrels per day target, free from OPEC/OPEC+ constraints. Although this development had been anticipated...
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Good morning. The news flow regarding U.S.–Iran tensions has partially stabilized, and in parallel, global markets are exhibiting a relatively sideways trajectory. U.S. and European futures are mildly positive this morning, while Asian markets present a mixed outlook. In Borsa Istanbul, the benchmark index closed yesterday at 14,594, up 1.3%, renewing its all-time high on a TRY basis. This upward movement was also...
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Global risk appetite is starting the week on a mildly positive note. U.S. and European futures, along with Asian equity markets, are generally trading in positive territory. However, this optimism lacks a strong fundamental catalyst. Iran’s proposal to continue negotiations with the U.S., while postponing nuclear-related discussions to a later stage, can be considered a limited supportive factor. Meanwhile, oil...
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Good morning. Tensions and the lack of reconciliation between the United States and Iran persist. The continued inability to initiate negotiations, the ongoing U.S. naval embargo, and interventions targeting Iranian-origin commercial vessels are keeping geopolitical risks elevated. As oil prices climb back toward the $100 level, U.S. and European futures, along with Asian markets, are broadly trading in negative...
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Good morning. Tensions between the United States and Iran persist. As the two-week ceasefire period expires, oil prices climbed back toward $100 last night following Iran’s decision not to participate in negotiations in Pakistan. Subsequently, with the U.S. extending the ceasefire “indefinitely,” prices are again hovering around $93 this morning. U.S. futures are trading notably higher, European futures are...
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Good morning. Uncertainty persists regarding whether negotiations between the United States and Iran will continue. Iran is putting forward the removal of the U.S. blockade in the Strait of Hormuz as a precondition, while the U.S. side is requiring an agreement before lifting the blockade. Oil prices are pricing in the possibility of a deal, with recent transactions occurring near the $90 level. Following...
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Good morning, and wishing you a productive week ahead. Toward the close on Friday, news flow suggesting that the Strait of Hormuz had reopened created a strong wave of optimism across global markets. We observed a decline in oil prices alongside equity markets reaching new highs. However, over the weekend, developments indicating that the U.S. blockade in the Strait of Hormuz continues, coupled with Iran’s...
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Good morning. Expectations that the ceasefire between the United States and Iran may be extended and potentially evolve into a lasting non-aggression agreement are supporting global risk appetite. U.S. and European futures, along with Asian equity markets, are trading higher this morning, while oil prices are easing and U.S. Treasuries—traditionally viewed as safe havens—are seeing selling pressure. The S&P 500...
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