DBS Group Research’s Chang Wei Liang points out that an interim US–Iran agreement has reopened the Strait of Hormuz, allowing traffic to resume while talks continue. He notes that Brent has fallen to around USD76, which should help temper inflation and provide some support to oil‑sensitive Asian currencies, including those previously pressured by higher energy import costs.

Middle East deal helps cool Oil prices

"US President Trump and Iranian President Pezeshkian have signed an interim MoU to end the Middle East conflict, reopening the Strait of Hormuz to all traffic while negotiations towards a final agreement continue."

"Admittedly, disagreement remain over nuclear and other key issues, but the deal signals a clear switch from US military pressure to diplomacy."

"Brent prices have now declined to around USD76, which should temper inflationary pressures and support oil-sensitive Asian currencies."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)