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Markets2h 47m ago

Commodity markets traded higher on June 17, with Brent crude futures rising 0.6 percent to $79.43 a barrel and spot gold climbing 0.4 percent to $4,348.93 per ounce.

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Middle East, Strait of Hormuz

Who
investors, Federal Reserve, US, Iran
What
Commodity markets traded higher on June 17, with Brent crude futures rising 0.6 percent to $79.43 a barrel and spot gold climbing 0.4 percent to $4,348.93 per ounce.
When
Wed, 17 Jun 2026 02:38:55 GMT · 2h 47m ago
Where
Middle East, Strait of Hormuz ·
Why
Investors assessed prospects of a lasting peace agreement between the US and Iran and its potential impact on oil supplies, alongside the Federal Reserve's policy outlook.
The Frontline Impact

How this affects you

Oil and gold prices rose due to optimism over a potential US-Iran peace deal, which could affect global oil supplies and investor demand for safe-haven assets, while markets await cues on interest rates from the Federal Reserve.

Story chain

5 events in this thread
  1. Markets46m ago
    Flight Centre expects an "earnings tailwind" from a potential peace deal between the US and Iran and eased travel restrictions in the Middle East, after previously downgrading its profit forecast due to the Mideast conflict.
    Open article
  2. Currently Reading2h 47m ago
    Commodity markets traded higher on June 17, with Brent crude futures rising 0.6 percent to $79.43 a barrel and spot gold climbing 0.4 percent to $4,348.93 per ounce.
  3. Markets2h 47m ago
    Commodity markets traded higher on June 17, with crude oil and gold prices advancing as investors assessed US-Iran peace prospects and awaited the Federal Reserve's policy outlook.
    Open article
  4. Markets4h 11m ago
    Asian equities edged lower on Wednesday as investors awaited the U.S. Federal Reserve's interest rate decision, with concerns over persistent inflation tempering sentiment.
    Open article
  5. Markets4h 13m ago
    Global stock markets have shown gains, with Japan's Nikkei 225 up over 37% this year and South Korea's Kospi up 102%, while oil prices have fallen nearly 30% since early May.
    Open article

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