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According to Golden Ten Data on June 18, Professor of Economics Phil Powell stated that the Federal Reserve is expected to keep interest rates unchanged at this meeting. Powell noted that prior to the peace agreement between Washington and Tehran, financial markets were concerned about further rises in inflation, with the inflation rate already exceeding 4% due to the surge in oil prices. In the coming months, the Federal Reserve is more likely to raise interest rates rather than cut them. However, the Iran peace agreement is undoubtedly very positive news; oil prices may therefore decline more than expected, which would reduce the likelihood of a rate hike in the short term. This decision is the first interest rate decision since Walsh took office as Federal Reserve Chairman. Markets may believe that the new Federal Reserve Chairman is more willing to cut interest rates than his predecessor, but facts have proven otherwise. The Federal Reserve's decisions are based on highly technical data and procedural considerations, not emotional decisions. As for the prospects of rate cuts, Powell said that because inflation must first decline, the Federal Reserve is unlikely to lower rates before the end of this year.

Morgan Stanley's Chief Investment Officer, Mike Wilson, stated that although the temporary agreement between the US and Iran to be signed this week sets aside many of the most difficult issues in this war, investors have already begun to look beyond the US-Iran conflict. "The market has already moved past this war." Although oil prices surged during the war, they never surpassed the peak set at the outbreak of the Russia-Ukraine conflict. "We have just figured out exactly how much supply is in the market."

LME aluminum futures closed up by $22, at $3,410/ton. LME zinc futures closed up by $19, at $3,588/ton. LME lead futures closed down by $3, at $1,979/ton. LME nickel futures closed up by $64, at $18,060/ton. LME tin futures closed up by $218, at $55,344/ton. LME cobalt futures closed flat, at $56,290/ton.