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The post WTI US Oil Price Forecast: Rises to near $88.50 as Kuwait under attack, uptrend remains intact appeared on BitcoinEthereumNews.com. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $88.45 during the early European trading hours on Monday. WTI price attracts some buyers following the Kuwaiti military reports of a missile and drone attack. Traders will closely monitor the Middle East developments and the US-Iran peace deal progress. The Guardian reported on Monday that Kuwait’s armed forces said that the country’s air defense systems were intercepting hostile missiles and drone attacks after air raid sirens sounded and emergency alerts were issued nationwide. Minutes after Kuwait reported coming under attack, US Central Command (Centcom) said it had conducted “strikes on Iranian radar and command and control sites for drones” over the weekend. Meanwhile, Iran’s Islamic Revolutionary Guards Corps (IRGC) said that it targeted an airbase used by the US
Read full articleThe project could bolster Europe's tech independence, enhance its AI capabilities, and drive significant economic and environmental impacts. The post Ardian backs €10B AI gigafactory project outside Paris as Europe races to close gap with US and China appeared first on Crypto Briefing.
US military actions may undermine peace efforts, increasing regional instability and reducing chances for diplomatic resolutions in the Middle East. The post US military strikes in Iran, Lebanon amid ongoing peace negotiations appeared first on Crypto Briefing.
The post NZD/USD Price Forecast: Kiwi corrects lower and tests support at 0.5965 appeared on BitcoinEthereumNews.com. The New Zealand Dollar (NZD) holds marginal losses against the US Dollar (USD) on Monday, retreating to session lows of 0.5965 from highs a few pips below 0.6000. Manufacturing data from China has been supportive, although the skirmishes between the US and Iran are feeding a certain degree of cautiousness at the week’s opening. The US military reported a new wave of airstrikes on Iran’s military sites, and Tehran said that they targeted a US base that was used to launch attacks on the country. US President Donald Trump keeps pondering whether to sign a ceasefire extension or not, and meanwhile, the Strait of Hormuz remains closed, keeping Oil near $100 and straining New Zealand’s Oil-importing economy. Technical Analysis: On a bearish correction, amid a broader bullish trend NZD/USD trades at 0.5971, with price action suggesting that the pair might be on the fourth wave
The post Euro: Moves with yields and energy prices against US Dollar – Danske Bank appeared on BitcoinEthereumNews.com. Danske Research Team notes that EUR/USD ended last week around 1.1650 after a sharp drop in Oil prices, with US and Euro area yields both moving lower. They highlight upcoming United States (US) ISM Manufacturing Purchasing Managers’ Index (PMI), labor data and the Euro area HICP as key drivers. Euro area unemployment and PMI figures are expected to confirm a still-soft but stable recovery. Labor data and oil-driven swings “EUR/USD ended the week around 1.1650 following the big drop in oil prices. US interest rates fell back last week with the 10Y Treasury yield falling to 4.43% down more than 20bp from the top in mid-May. The impact on EUR/USD FX swaps was limited as interest rates in the euro area also fell.” “In the euro area, May flash inflation data from Germany, France, Italy and Spain (around 75% of the aggregate print) showed headline inflation rising mainly o
The post US Seizes Nearly $1B in Iranian Crypto Amid Economic Pressure Campaign appeared on BitcoinEthereumNews.com. According to Bessent, the seizures are a component of Operation Economic Fury, the United States’ strategy to put financial pressure on Iran. Bessent said that it is difficult to work with a divided leadership structure because of the attacks on key regime members by the US and Israel. On Friday, Treasury Secretary Scott Bessent said that the US has confiscated around $1 billion worth of Iranian cryptocurrency. He also mentioned that some of the wallet owners may not even be aware that their funds has been confiscated. “I believe that we have seized about a billion dollars of their crypto”, Bessent said during his speech at the Reagan National Economic Forum. According to Bessent, the seizures are a component of Operation Economic Fury, the United States’ strategy to put financial pressure on Iran. The operation, which began in March 2025 and has since seized crypto, fro
Escalating US-Iran tensions risk destabilizing the region, potentially leading to broader military conflicts and impacting global energy markets. The post US strikes Iranian targets along Strait of Hormuz amid rising tensions appeared first on Crypto Briefing.
The post Indian Rupee extends gains at the start of RBI policy week appeared on BitcoinEthereumNews.com. The Indian Rupee (INR) opens on a positive note against the US Dollar (USD) at the start of the Reserve Bank of India (RBI) policy week. The USD/INR pair slides to near 94.78 as the Indian currency strengthens further amid solid hopes over the United States (US)-Iran permanent peace deal, even as oil prices have bounced back. At press time, the WTI Oil price trades 2% higher to near $89.00 after registering over-a-month low at $85.41 on Friday. Theoretically, currencies from economies, such as India, which rely heavily on oil imports to meet their energy needs, tend to underperform when oil prices recover. Oil prices have regained ground, following attacks from Israeli Defense Forces (IDF) in Lebanon on Iran-backed Hezbollah, which renewed fears of an energy supply crisis. US President Trump revises terms for Iran deal The comments from US and Iranian officials clearly state that ne
