Markets News

Oil prices fall to their lowest level since early March; will the Strait of Hormuz be charged a toll?

Oil prices fall to their lowest level since early March; will the Strait of Hormuz be charged a toll?

· A World Gold Council survey indicates more central banks are planning to increase their gold reserves. This news is bullish for gold. · Trump: I'm prepared to invalidate the Russian oil sanctions waivers when they expire. This news is bullish for crude oil. · The Bank of Japan raised its target interest rate from 0.75% to 1.00%, the highest level in 31 years; the central bank also decided to pause the reduction of its bond purchases starting next April. This news is positive for the yen.

TOPONE Markets Analyst
2026-06-17 08:39:37
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