Singapore, 11 May 2026 – Global markets began the week on a cautious note as stalled peace talks between the United States and Iran reignited concerns over energy supply disruption, pushing oil prices higher and lifting the US dollar as investors moved back towards defensive positioning.
Oil prices jumped sharply after Washington and Tehran failed to reach agreement on a peace proposal, weakening hopes that the 10-week conflict could soon ease. Brent crude rose more than 3% to above US$104 per barrel, while US crude also advanced strongly as traders reassessed risks around Gulf supply flows and the Strait of Hormuz.
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