Live Updates

7

May 2026
WTI slides as US-Iran talks ease Hormuz supply fears despite supportive US stock drawdown

WTI slid to $92.30 as US-Iran diplomatic progress eased supply fears; Trump paused Strait operation.

7

May 2026
Wall Street rallies on US-Iran deal hopes as oil slides and chip stocks surge

US stocks surged on US-Iran deal hopes; oil fell; semiconductors rallied; AMD soared; yields stayed supported.

7

May 2026
BNY’s Yu warns crowded Latin American total-return trade unwinds as Mexico peso hedging rises

Latin America FX and equities seen as one trade; currencies overheld, bond positions reversing unevenly, Mexico hedging rises.

7

May 2026
Silver jumps above $77 on US-Iran deal hopes as dollar and yields retreat

Silver jumps 5.5% near $77 as US-Iran deal hopes weaken dollar, oil, yields; upside capped.

7

May 2026
Sterling climbs as US-Iran deal hopes weaken dollar, despite strong jobs data

GBP/USD jumped 0.59% as Axios reported US-Iran deal hopes, weakening dollar despite strong US jobs data.

7

May 2026
Sterling rises as US-Iran deal hopes weaken dollar; traders weigh options amid shifting macro outlook

GBP/USD climbed 0.59% as US-Iran peace deal hopes weakened dollar; ADP beat; oil plunged.

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