BARCLAYS maintains its 2026 Brent crude forecast at $96/bbl.

CENTCOM said the U.S. retaliated after Iran fired ballistic missiles at two U.S. Navy warships.

Trump posted on Truth Social that recent strong jobs data should have lifted markets but long-standing "inflation concerns" instead drove a decline. He said "growth won't cause inflation," accused policymakers of suppressing growth when the economy improves, and warned that if that approach continues the US cannot achieve full economic prosperity. He claimed US GDP could be 15–20% rather than the current 2–4% range. Trump argued the US should maintain the world's lowest interest rates because it powers the global economy and helps other countries, saying each 1 percentage-point rate rise costs the US about $650bn per year and that lower rates would ease the debt burden.