News

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.

BlockBeats News, June 18th, U.S. President Trump stated, "Only when Iran does things right, will we provide a $300 billion fund. Iran's reconstruction will take 15 to 20 years. The frozen Iranian funds are their money. At some point, I think we will return Iran's money to them. During my term, the dollar has become very strong. Not returning the money to Iran would be detrimental to the dollar." (FXStreet)