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Bangkok Post

Asian shares climb even as Trump declares Iran ceasefire "over" and Brent jumps to $79 a barrel

AI Market Summary
Renewed US-Iran strikes and slower Hormuz shipping briefly lifted Brent toward $79 before easing on talk of negotiations, keeping energy-driven inflation risk in focus. OPEC+ quota increases (+940kbpd) and rising non-OPEC supply (UAE) act as a counterweight, limiting upside pressure. Higher long-end US yields and hawkish Fed minutes add cross-asset volatility, while Asian equities held firm, led by chip/AI names.
Impact level
● High
Affected assets
NCCO1OILBRENT2USD/USDT+0.11%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
● Neutral
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The US said its ceasefire agreement with Iran was “over,” and new strikes between the two sides slowed shipping through the State of Hormuz again. Brent briefly jumped to $79 a barrel before easing to $76.30. Opec+ agreed to raise cumulative quotas by 940,000 barrels per day to keep crude prices in check. In Thailand, June inflation eased to 2.42% and retail diesel and gasoline prices were cut by more than 2.5 baht a litre, while the SET index rose 0.6% for the week to 1,621.55 with net foreign buying of 16.35 billion baht.
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