US Bessent on Iran blockade says anything that is taken off will be taken off slowly.US Treasury Secretary Scott Bessent said the administration remains committed to pursuing a diplomatic resolution with Iran but warned that alternative options remain on the table if negotiations fail, while also offering a robust defense of the Federal Reserve's evolving policy framework and the long-term strength of the US dollar.

Eurozone CFTC EUR NC Net Positions down to €29.4K from previous €33.5K.Eurozone CFTC EUR NC Net Positions down to €29.4K from previous €33.5K

Australia CFTC AUD NC Net Positions: $60.2K vs previous $85.6K.Australia CFTC AUD NC Net Positions: $60.2K vs previous $85.6K

Japan CFTC JPY NC Net Positions down to ¥-114.7K from previous ¥-93.9K.Japan CFTC JPY NC Net Positions down to ¥-114.7K from previous ¥-93.9K

investingLive Americas FX news wrap: Trump touts naval blockade lift, progress toward deal.The highlight of the session was Trump's announcement on Truth Social of the lifting of the US naval blockade and a "final determination" on a broader agreement to follow shortly in the White House Situation Room. This gave the positive risk sentiment a further boost, with oil prices extending losses.

Trump did not reach a decision on any new deal with Iran after Situation Room meeting.Trump did not reach a final decision on a Memorandum of Understanding (MoU) with Iran during a nearly two-hour meeting in the White House Situation Room, according to a senior administration official familiar with the deliberations.

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Prices Test New Lows As Traders Wait For Trump's Decision On Iran.Oil markets test new lows as traders wait for results of U.S. – Iran talks.

British Pound rebounds as US Dollar weakens on Iran deal hopes.British Pound rebounds as US Dollar weakens on Iran deal hopes

How have interest rate expectations changed after this week's event?.The main theme of this week has been US-Iran deal optimism as several reports since the weekend have been pointing to an imminent breakthrough. That breakthrough hasn't come yet, but it still led to a sizeable drop in oil prices and a dovish repricing in interest rate expectations for most central banks.

Natural Gas News: Natural Gas Futures Surge as Heat Forecast Fuels Rally.Natural gas futures surge as hot weather, tighter storage builds, and rising exports fuel a bullish outlook. Can prices break through key resistance?

Iran's Baghaei: No agreement has been finalised with the United States so far.Iran's Foreign Ministry spokesperson Esmaeil Baghaei said no final agreement has yet been reached with the United States, pushing back against growing speculation that Washington and Tehran are on the verge of formalizing a broader understanding over nuclear-related issues.

AI's Next Big Winner Won't Be Tech – Natural Gas Is the Trade to Watch.The Artificial Intelligence boom has become the defining investment story of this decade. Yet the market may still be chasing the most crowded side of the opportunity.

United States Baker Hughes US Oil Rig Count increased to 429 from previous 425.United States Baker Hughes US Oil Rig Count increased to 429 from previous 425

U.S. Dollar Pulls Back As Trump Says He Would Decide On Iran Truce Soon: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY.The American currency is losing ground amid falling demand for safe-haven assets.

Japanese Yen muted amid steady US PCE data.Japanese Yen muted amid steady US PCE data

Blockade lift announcement by Trump seen as first step toward broader US-Iran agreement."A highly informed source tells me that Trump's post on the "Truth Social" platform regarding lifting the siege was actually the first condition before moving on to the rest of the agreement steps. And according to the source, Tehran insisted on an official and public announcement first.

Crude Oil Price Analysis – Crude Oil Continues to Trade the Range.Crude oil continues to look for the floor of the range we have been in. As things continue to play out in the Middle East, traders continue to watch every headline.

Canadian Dollar recovers as softer US Dollar offsets pressure from weak GDP data.Canadian Dollar recovers as softer US Dollar offsets pressure from weak GDP data

Natural Gas Price Analysis – Natural Gas Continues to Grind Higher.Natural gas rallies again on Friday, as traders are trying to time the potential for hot weather in July. At this point, I am still looking to get short – but will have to be patient as the momentum has been ferocious.

Breaking: US President Trump says naval blockade will be lifted.Breaking: US President Trump says naval blockade will be lifted

USD/CAD, USD/CHF and USD/JPY Forecasts – US Dollar Mixed to End the Week.The US dollar has rallied against some currencies, while continuing to see weakness in others, as the Forex markets are mixed on Friday.

Weekly Focus – Optimism Around Iran Deal Lifts Market Sentiment.Oil markets have stabilised lower for now and global equity markets have rallied this week on the back of renewed optimism around a deal in the Middle East. On Thursday afternoon, media reports emerged that the US and Iranian negotiators had settled on a Memorandum of Understanding (MOU) that would extend the ceasefire by 60 days, allow renewed talks on Iran's nuclear program and enable a gradual reopening of the Strait of Hormuz (SOH).

"Progress on lowering inflation has stalled": Fed's Bowman takes aim at Iran war."Progress on lowering inflation has stalled": Fed's Bowman takes aim at Iran war

United States Chicago PMI above forecasts (50.5) in May: Actual (62.7).United States Chicago PMI above forecasts (50.5) in May: Actual (62.7)

British Pound recovers against the Japanese Yen as Bailey strikes a hawkish tone.British Pound recovers against the Japanese Yen as Bailey strikes a hawkish tone

Canada's GDP Stalls in Q1 amid Import Surge and Weak Domestic Demand  .The Canadian economy was essentially flat in Q1 2026 (-0.1% q/q annualized), coming in below both the consensus forecast (1.5% q/q) and the Bank of Canada's 1.5% projection. Weakness reflected a sharp rise in imports, which offset a sizable inventory restocking, while underlying domestic demand was soft, with final domestic demand declining 0.4% q/q annualized.

Pound Sterling Price News and Forecast: GBP edges lower towards 1.3400 as BoE Bailey buys time.Pound Sterling Price News and Forecast: GBP edges lower towards 1.3400 as BoE Bailey buys time

Canada GDP Contracts in March, But Early April Rebound Signals Resilience.Canada's economy unexpectedly contracted by -0.1% mom in March, missing expectations for a 0.1% expansion and partially reversing February's 0.2% gain. The weakness was concentrated in goods-producing industries, which fell -0.8% and recorded their fifth decline in the past six months.

Canada's Q1 GDP contracts on annualized basis, posting two quarters of decline.Canada's economy contracted in the first quarter of ‌the year on an annualized basis, data showed on Friday, making it two consecutive quarters of annualized decline which some would call a technical recession.

US April wholesale inventories +0.5% vs +0.8% expected.For background, the Monthly Wholesale Trade Survey , conducted by the U.S. Census Bureau, is one of the government's key economic indicators, tracking sales, end-of-month inventories, and inventories-to-sales ratios for merchant wholesalers across the country. The survey excludes manufacturers' sales branches and offices, as well as wholesale electronic markets, agents, and brokers.