Alkind

Oil opened Monday with a 1.31% bullish gap as escalating U.S.–Iran geopolitical tensions fueled concerns over potential supply disruptions in the Middle East, driving crude prices higher at the start of the trading week.
$XTIUSD

Iran launched renewed attacks ​on U.S. Gulf allies on Saturday after a seventh straight night of U.S. strikes targeting Iranian military sites including logistics infrastructure, ‌escalating the war one week after a fragile ceasefire agreement fell apart.
Kuwait came under sustained attack, with a desalination plant hit and operations at Kuwait International Airport suspended due to repeated missile and drone threats.

SM News:
Iran's semi-official Tasnim says a "Thai-flagged ship" was targeted after ignoring warnings and attempting to pass through the Strait of Hormuz without IRGC permission.
Iran's Nour News, citing local sources, says explosions were heard in Bandar Abbas on the Gulf coast.
Iraq signs an agreement with Starlink to operate in Iraq - State Media.
The US welcomes cooperation between Iraq and Syria on the pipeline. The pipeline will have an initial capacity of 2m bbl/day when done.

SM News:
🟥 LATEST| NEWS RESULTS
•USD |RETAIL SALES (MoM) (JUN)
Previously: 0.9%
Forecast: 0.2%
•Current: 0.2%
•Result: as expected
__________________________________________
🟥 LATEST| NEWS RESULTS
•USD |CORE RETAIL SALES (MoM) (JUN)
Previously: 0.8%
Forecast: 0.0%
•Current: -0.2%
•Result: Negative for USD
__________________________________________
🟥 LATEST| NEWS RESULTS
•USD |PHILADELPHIA FED MANUFACTURING INDEX (JUL)
Previously: 10.3
Forecast: 12.7
•Current: 41.4
•Result: Positive for USD
__________________________________________
🟥 LATEST| NEWS RESULTS
•USD |INITIAL JOBLESS CLAIMS

🟥 An explosive-laden drone was shot down by air defences over Iraq's Erbil - Security Sources.

SM News:
Iranian media says Revolutionary Guards targeted U.S. rocket launcher systems in Kuwait in a drone operation.
IRAN REPORTS DRONE STRIKE ON U.S. HIMARS IN KUWAIT
Iranian reports claim the IRGC destroyed U.S. HIMARS launchers and missile pods in Kuwait in a precision drone strike.
Unofficial sources allege three U.S. officers were killed and several injured.
Military analysts claim the systems had been used in attacks on southern Iran, raising accusations that Gulf states enabled operations from their territory.
Drone Attack Targets Iranian Kurdish Opposition Camp in Iraq's Eastern Sula

TRUMP: STRAIT OF HORMUZ OPEN TO COMMERCIAL SHIPPING
U.S. President Donald Trump said the Strait of Hormuz remains open to commercial traffic.
However, continued U.S.–Iran attacks are raising safety concerns along one of the world’s most critical oil shipping routes.
Trump made the comments during an interview on NBC’s Meet the Press.

SM News:
4 US Senators: We've reached agreement with Trump administration to move Russia sanctions legislation forward.
Pakistan's PM Sharif discussed evolving regional situation with Iran's President Pezeshkian. Agreed to advance bilateral cooperation.
Pakistan's PM Sharif reaffirmed Pakistan's readiness to continue playing its role as an honest and sincere mediator for lasting regional peace.

SM News:
US Official: Iran’s actions in the Strait of Hormuz were wholly unacceptable to the US and will be met with consequences.
U.S.: revokes Iran-related general license for oil exports.
U.S. OFFICIAL: says Iran's actions in the Strait of Hormuz are wholly unacceptable.

OIL DRIFTS LOWER AFTER OPEC+ AGREES TO RAISE OUTPUT TARGETS
Oil prices ​inched lower on Monday after OPEC+ agreed to further increase its output targets from August ‌while exports from key producers via the Strait of Hormuz are recovering, potentially adding to global supplies.
$XTIUSD

HORMUZ SHIPPING STABILIZES, UNCERTAINTY REMAINS
Traffic through the Strait of Hormuz has recovered to an average of 40 vessel crossings per day, according to Kpler.
Shipping rebounded after recent attacks disrupted transit, but uncertainty persists over who controls passage. Iran claims authority over the strait, while the U.S. says no country has the right to restrict navigation.
$XTIUSD

THURSDAY'S BREAKING NEWS
USD | NONFARM PAYROLLS (JUN)
Time: 15:30
Effects: High
Previously: 172K
Forecast: 114K
______________________________________
USD | UNEMPLOYMENT RATE (JUN)
Time: 15:30
Effects: High
Previously: 4.3%
Forecast: 4.3%
______________________________________
USD | AVERAGE HOURLY EARNINGS (MoM) (JUN)
Time: 15:30
Effects: High
Previously: 0.3%
Forecast: 0.3%
______________________________________
USD | INITIAL JOBLESS CLAIMS
Time: 15:30
Effects: High
Previously: 215K
Forecast: 219K
______________________________________
GMT+3
Explore Results On SM NEWS

SM News:
Iran's Parliament Speaker Ghalibaf: The discussion about inspectors' access to bombed sites is false.
Iran's Parliament Speaker Ghalibaf on Inspectors' Access: They only have access rights in two cases, one is the Bushehr power plant, and the other is the Tehran reactor. Access has been limited to just these.

🟥 LATEST| NEWS RESULTS
•USD | S&P Global Manufacturing PMI  (Jun)
•Previously: 55.1
•Forecast: 55.7
•Current: 53.9
•Result: Negative for USD 
__
🟥 LATEST| NEWS RESULTS
•USD | ISM MANUFACTURING PMI (JUN)
Previously: 54.0
Forecast: 53.8
•Current: 53.3
•Result: Negative for USD
__________________________________________

U.S. President Donald Trump's administration is expected to formally declare on Wednesday that it will not extend the ​U.S.-Mexico-Canada Agreement on trade, starting a decade-long clock to wind down the 32-year-old North American free trade zone as the three countries haggle over proposed changes.

U.S. WEIGHS BAN ON FOREIGN SOLAR INVERTERS
The Trump administration is drafting a ban on foreign solar inverters over fears China could use them to disrupt U.S. power supplies.
The FCC proposal could target new foreign inverter models and may be published this year.
The move follows similar European action and reflects growing U.S.-EU concern over Chinese technology in critical energy infrastructure.

🟥 IRAN POWER STRUGGLE THREATENS U.S. PEACE TALKS
Internal divisions in Iran are complicating peace talks with the U.S.
President Masoud Pezeshkian is seeking the release of frozen assets to support the economy, while the Revolutionary Guard is demanding control of the Strait of Hormuz.
The dispute risks delaying negotiations and raises concerns over future shipping through the vital waterway.

◾️A security deal between Israel and Lebanon risks entrenching a stalemate rather than resolving Israel's underlying conflict with Hezbollah by tying Israel's ​pullout from southern Lebanon to the Iran-aligned group's disarmament, a condition regional analysts and politicians say is unattainable.
At its core is a bargain few see as workable: Hezbollah ‌has flatly rejected disarmament, and no Lebanese government has the power to enforce it.

Iranian and U.S. negotiating ​teams were due in Doha this week, but Iran said on Monday no meeting had been scheduled as weekend missile fire from both sides tested the interim ceasefire ‌to end the four-month-old war.
U.S. President Donald Trump is sending his son-in-law Jared Kushner and his envoy Steve Witkoff to lead the negotiating team, according to his press secretary Karoline Leavitt. While Iran is sending its technical delegation to Qatar this week, Foreign Ministry spokesperson Esmaeil Baghaei said this had "no relation" to the Americans' visit and no talks between the two sides were

TUESDAY'S BREAKING NEWS
GBP | GDP (QoQ) (Q1)
Time: 09:00
Effects: High
Previously: 0.2%
Forecast: 0.6%
______________________________________
GBP | GDP (YoY) (Q1)
Time: 09:00
Effects: High
Previously: 1.0%
Forecast: 1.1%
______________________________________
EUR | GERMAN CPI (MoM) (JUN)
Time: 15:00
Effects: High
Previously: -0.2%
Forecast: 0.1%
______________________________________
USD | CHICAGO PMI (JUN)
Time: 16:45
Effects: High
Previously: 62.7
Forecast: 60.0
______________________________________
USD | JOLTS JOB OPENINGS (MAY)
Time: 17:00
Effects: High
Previously: 7.618M
Forecast: 7.280