While Washington has signaled openness to diplomacy, warnings of serious consequences if discussions fail have kept a risk premium embedded in energy markets. Oil remains supported by Middle East tensions, while precious metals fluctuate alongside shifts in defensive positioning.

After the Supreme Court struck down several tariffs, the Trump administration introduced a new 10% global levy, with scope to raise it to 15%. In response, the European Union paused its trade agreement process, and India delayed negotiations, highlighting the fragile state of global trade relations.

Take a look at today's report for more updates!