Account
New to ADSS? Open an
account now to get started.
Already have an account?
Add funds to your ADSS account
Account
New to ADSS? Open an
account now to get started.
Add funds to your ADSS account
News
Tuesday, July 14, 2026
What’s happening: Crude oil prices rose this morning after the US reinstated its naval blockade in the Strait of Hormuz.
What happened: The US and Iran continued to exchange attacks, raising concerns around energy supply through the key waterway.
Weakness in the US dollar also provided a boost to crude oil prices this morning.
Why it matters: Crude oil is trading at the highest prices since the US and Iran signed a memorandum of understanding to end the conflict on June 17.
Washington continued its offensive and Iran retaliated by launching attacks on US facilities across the Gulf region. While the Strait of Hormuz has again been effectively closed by Iran, the US reinstated its naval blockade to prevent Iranian vessels from crossing the waterway.
The US President also announced to impose a 20% charge on all cargo passing through the key route, although it is unclear how this would practically work.
Weakness in the US dollar provided a boost to crude oil as a softer greenback makes commodities cheaper for foreign currency holders. The US dollar index, which measures the greenback’s performance versus a basket of major peers, fell around 0.1% to 101.24 this morning.
Spot price for WTI crude oil rose 1.6% to trade at $78.95 per barrel, while Brent crude added 1.1% to reach $83.73 per barrel this morning. Brent crude has recorded its biggest daily surge since May 2020 in the previous session.
In other commodities trading, gasoline price rose 0.4% to $3.1774, while heating oil price jumped 1.7% to $3.8894. Natural gas bucked the trend, slipping 0.4% to $2.887.
What to watch: Investors will keep an eye on the latest developments related to the US-Iran war.
The EIA’s (Energy Information Administration) data of crude oil stockpile change will be released on Wednesday. US crude oil inventories jumped by 2.998 million barrels to 411.3 million barrels during the week ended July 3, rising for the first time after recording declines for 10 straight weeks. US gasoline stockpiles fell by 1.904 million barrels in the week, while heating oil stockpiles fell by 477,000 barrels.
Context: The Australian dollar gained against the US dollar this morning as investors responded to the latest economic reports.
Details: Data released this morning showed that Australia’s NAB business confidence index surged to -5 in June from -14 in the previous month, reaching the strongest level since February. The figure was boosted by an improvement in sentiment following the easing of geopolitical concerns after the US and Iran signed a deal to end their conflict.
Australia’s Westpac–Melbourne Institute consumer sentiment index rose 4.1% to 83.9 in July, following a 2.9% decline in the previous month, with the easing of concerns around higher energy costs and interest rates.
Geopolitical tensions escalated following the recent attacks by the US at the Strait of Hormuz, which sent crude oil prices sharply higher. US President Donald Trump has also reinstated a blockade on Iran’s vessels and announced to impose charges for vessels crossing the key waterway.
Weakness in the US dollar lent support to the AUD/USD pair. The US dollar index, which measures the greenback’s performance versus a basket of major peers, fell around 0.1% to 101.24 this morning.
The AUD/USD forex pair rose around 0.1% to 0.6924 this morning, while the S&P/ASX 200 fell 0.44% to trade at 8,769.50.
What to watch: Investors will keep an eye on traffic passing through the Strait of Hormuz.
Data on consumer inflation expectations from Australia will be released on Thursday. Australia’s consumer inflation expectations, which fell to 5.5% in June from 5.6% in May, are expected to remain at 5.5% in July.
Other Markets: US trading indices closed lower on Monday, with the Dow Jones index, S&P 500 and Nasdaq 100 down by 0.26%, 0.79% and 1.88%, respectively.
Ukraine and key Western allies announced an air-defence coalition to counter the ballistic missile threat from Russia. The news sent the USD/RUB pair higher in forex trading this morning.
Brazil’s industrial business confidence index declined 2.3 points to a reading of 44.4 in July. This being the second consecutive month of decline lent support to the USD/BRL forex pair.
Singapore’s economy rose 5.7% year-over-year in the second quarter, easing from the previous quarter’s 6.3% growth, which sent the USD/SGD pair higher in forex trading this morning.
New Zealand’s visitor arrivals rose by 6.7% year-over-year to 203,300 in May, compared to an 8.0% surge in the previous month, which lent support to the NZD/USD forex pair.
Ireland’s AIB construction PMI declined to 45.4 in June from 50.2 in the previous month. However, the EUR/USD pair rose in forex trading this morning.
South Africa’s gold production (1330 UAE Time) and mining production (1330 UAE Time), US NFIB business optimism index (1400 UAE Time), ADP employment change weekly (1615 UAE Time), inflation rate (1630 UAE Time), Redbook index (1655 UAE Time) and Fed Chair Warsh testimony (1800 UAE Time) as well as Argentina’s inflation rate (2300 UAE Time).
ADSS
8th floor, CI Tower
Corniche Road
PO Box 93894
Abu Dhabi
United Arab Emirates
Trading Services
ts@adss.com
+971 2 657 2414
Investing in CFDs involves a high degree of risk that you will lose your money due to the use of leverage, particularly in fast moving markets, where a relatively small movement in the price can lead to a proportionately larger movement in the value of your investment. This can result in loses that exceed the funds in your account. You should consider whether you understand how CFDs work and you should seek independent advice if necessary.
ADS Securities L.L.C – S.P.C (“ADSS”), a limited liability company – sole proprietorship company incorporated under United Arab Emirates law. Registered under Commercial License No.1190047. ADS Securities L.L.C S.P.C is regulated and authorised in the UAE by the Capital Market Authority (CMA) under Category 1 License No.305027 (Trading Broker, Trading and Clearing Broker, Trading Broker in the International Markets, Trading Broker of OTC Derivatives and Currencies in the Spot Market, Financial Products Dealer) and Category 5 License No.20200000217 (Introduction). Registered Office: 8th Floor, CI Tower, Corniche Road, P.O. Box 93894, Abu Dhabi, United Arab Emirates.
The information presented is not directed at residents of any particular country outside the United Arab Emirates and is not intended for distribution to, or use by, any person in any country where the distribution or use is contrary to local law or regulation.
ADSS is an execution only service provider and does not provide advice. ADSS may publish general market commentary from time to time. Where it does, the material published does not constitute advice, or a solicitation, or a recommendation to a transaction in any financial instrument. ADSS accepts no responsibility for any use of the content presented and any consequences of that use. No representation or warranty is given as to the completeness of this information. Anyone acting on the information provided does so at their own risk.
