❗️ The Iranian parliament voted to block the Strait of Hormuz. The National Security Council must make the final decision. Experts predict that the closure could lead to a loss of up to 5 million barrels of oil per day and a price increase to $200–300 per barrel. Oil is currently trading at 76.53. ❗️

🥇 Germany and Italy want to repatriate $245 billion of gold from the United States. Gold is currently trading at 3355.

💼 US stocks are not yet reacting strongly to geopolitical instability and the threat of stagflation. The US500 index is trading at 5960.

💸Bullish sentiment in BTC is currently at a three-month low. At one point, BTCUSD fell below 100,000. The price has now recovered to 102,000.

🇯🇵 Japan’s manufacturing activity expanded for the first time in more than a year in June in a likely sign of front-loading of output ahead of a scheduled increase in US tariffs next month. USDJPY rose to 147.39.

#MarketNews