18/06/2026 – FED: Rates unchanged under new Warsh leadership, but chances of a hike by the end of the year grow – Read more news

GAS & POWER: Overnight, the signing of the MOU was announced by US President Trump and his Iranian counterpart Pezeshkian. Vice President Vance is expected in Geneva tomorrow for formal ratification of the agreement. The signing led to the immediate removal of the American naval blockade, with the passage of the first Iranian oil tankers, and the start of operations necessary to restore complete navigation in the Strait of Hormuz within thirty days. Throughout the truce period, toll-free passage will then be guaranteed, while what could be agreed upon later under the possibility of Iran-Oman collaborating to administer maritime services in the area is less clear.

EQUITY: While the FED kept rates unchanged at 3.75%, growing support for an upward revision entering the end of the year pushed Wall Street into its second negative session of the week. European markets, on the other hand, seem to be giving more weight this morning to the signing of the Memorandum between the United States and Iran, with eyes now on the normalization of shipping in the Gulf. The annual G7 summit then closed, which saw renewed common support for Ukraine as its main theme.