Daily Bulletin

Good morning. Tensions in the Middle East escalated again last night following an Iranian attack targeting U.S. vessels in the Strait of Hormuz and the subsequent response by U.S. forces. Despite the heightened geopolitical risks, global markets are not showing signs of panic pricing at this stage. Oil prices continue to hover around the $100 level. U.S. futures are mildly positive this morning, while European...
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Good morning. Expectations surrounding a potential agreement between the U.S. and Iran continue to support global markets. U.S. President Trump kept optimism alive by responding “one week” when asked whether he could share a timeline. The agenda referenced by Trump also aligns with his scheduled visit to China next week. Meanwhile, Iran stated that it is reviewing the U.S. proposals and will communicate its...
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Good morning. The continuation of the decline in oil prices for a second consecutive day is being driven by U.S. President Trump’s decision to suspend the “freedom project,” aimed at ensuring safe vessel transit through the Strait of Hormuz, for a second day, as well as U.S. Secretary of State Rubio’s statement that the “Epic Fury” operation has concluded and that they have shifted to a defensive posture. In...
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Good morning. News flow centered on the Middle East continues to shape market dynamics. Over the past 24 hours, markets have been tracking numerous headlines—each triggering reactions in different directions—including reports of U.S. vessels being hit (later denied), seven Iranian boats being sunk, ships transiting the Strait of Hormuz, and certain targets in the UAE and Kuwait allegedly struck by Iran. Oil prices...
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Good morning. Tensions between the U.S. and Iran are ongoing. The 14-point proposal submitted by Iran has been described as “unacceptable” by the U.S., and there are reports suggesting that the U.S. may conduct an operation to evacuate ships stranded in the Strait of Hormuz and the Persian Gulf. While this situation points to a potential increase in geopolitical tensions, it is also contributing to a decline in oil...
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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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