Energy & Commodities
Oil drops nearly 3% to 3-month low as markets weigh US-Iran peace deal
Shippers are awaiting reassurance on safety to cross the strait
Oil falls as markets weigh return of supply, US-Iran peace deal
With full details yet to emerge and a permanent truce still to be reached, overall price weakness is limited
South-east Asia’s green power investments hit new high of US$17 billion in 2025: IEA
But coal is growing more dominant, accounting for nearly half of power generation in 2024
Singapore marine fuel sales fall 6.8% in May, likely due to cheaper bunker in China
While prices have declined, they are still much higher than before the Middle East conflict broke out
Gold holds gain as Trump touts reopening of Hormuz this week
Precious metals traders are awaiting a series of central bank decisions this week
Oil hits 3-month low as US, Iran reach peace deal to reopen Strait of Hormuz
The US and Iran will sign a memorandum of understanding in Switzerland on Friday
Oil slips over 4% after US and Iran reach deal to end war, reopen Strait of Hormuz
The draft deal called for reopening Hormuz within 30 days under Iranian arrangements, says Mehr news agency
Gold rises over 2% after US, Iran reach peace deal
US and Iran will sign a memorandum of understanding in Switzerland on Jun 19
ExxonMobil studies takeover targets including Australia’s Woodside Energy
An LNG-focused deal has become a more serious priority since the start of the war in Iran in late February
Singapore to offer OTC gold clearing, central bank vaulting by end-2026 amid gold-hub push
SGX is also exploring the relaunch of a physically deliverable gold futures contract
