Public Markets 8 Hours

Last updated: June 18, 2026, 8:30 AM ET

Energy and Geopolitics

Oil prices retreated in Asia as markets processed the interim agreement between the U.S. and Iran to reopen the Strait of Hormuz, with gasoline prices falling below $4 for the first time since March. As supertankers began transiting the vital waterway, Saudi Aramco started weighing an expansion of its global oil-storage network to mitigate future supply disruptions. While the deal provides short-term relief, jet fuel costs may remain elevated for months, keeping pressure on airline margins, even as East Asian refiners ramp up exports to capitalize on the normalized shipping environment.

Central Banks and Fixed Income

U.S. Treasurys staged a rebound following the inaugural policy remarks from Federal Reserve Chairman Kevin Warsh, who signaled that the central bank intends to maintain a firm stance against persistent inflation. This