๐ฎ๐ท Economic pressure on Iran is being raised to an unprecedented level.
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๐บ๐ธ The CFTC is taking the initiative instead of waiting for CLARITY โ a positive signal for the U.S. crypto market.
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๐ฏ๐ต Inflation supports the BoJ, but the yen still hasnโt โwoken up.โ
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Bessent โDoesnโt Understandโ Why Oil Prices Are Surging
๐ U.S. Treasury Secretary Scott Bessent admitted:
โWeโre seeing oil prices surge, and I really donโt understand why.โ
๐ฃ He described the price movement over the past 24 hours as โnoise.โ
๐ฃ Meanwhile, markets are reacting to escalating tensions around the Strait of Hormuz and the increasingly aggressive sanctions strategy against Iran.
When even the head of the U.S. Treasury says he โdoesnโt understand,โ uncertainty in the oil market only grows further.๐ ๐ ๐
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โWeโre seeing oil prices surge, and I really donโt understand why.โ
When even the head of the U.S. Treasury says he โdoesnโt understand,โ uncertainty in the oil market only grows further.
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๐บ๐ธ The U.S. is preparing to announce the strongest sanctions package in history targeting Iran.
๐ฎ๐ท Iran has strongly voiced its opposition.
๐จ๐ณ China has also opposed the move, saying sanctions will not solve the problem and calling for dialogue.
With both Iran and China pushing back, the economic battle surrounding the Strait of Hormuz is becoming even more complicated.
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๐ฃ A Reuters/Ipsos poll shows that 63% of Americans believe the Trump familyโs cryptocurrency profits are inappropriate.
๐ฃ Around half of Republicans also say his business interests are influencing policy decisions.
๐ฃ The results reflect growing concerns over potential conflicts of interest.
Even within his own party, Trump is facing major questions about the line between politics and the crypto business.
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Asian Currencies Head for Weekly Gains โ USD Near 3-Month Low
๐ด The USD continues to weaken, hovering near its lowest level in 3 months.
๐ Despite the U.S. Treasury increasing buybacks of long-term bonds, concerns over U.S. public debt continue to dominate, pushing yields higher again and putting pressure on the greenback.
โก๏ธ Asian and European currencies are benefiting:
๐ค The South Korean won is rising strongly.
๐ค The Japanese yen and several other currencies are also performing positively.
๐ค The Indian rupee remains under pressure due to high energy costs.
๐ The market is seeing a week of gains for many Asian currencies thanks to a weaker USD.
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๐ฐ Gold remains firm around $4,600.๐ช Bitcoin continues to trade steadily within the $77Kโ$78K range.๐ก Markets are relatively calm at the start of the week, awaiting fresh signals.
The two leading safe-haven assets are still holding up well as the new week begins.
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WEEK 04 โ AUGUST 2026
This week, market attention is focused on Core PCE and U.S. Q2 GDP, two key data points that could have a major impact on Fed rate expectations, alongside the U.S. crude oil inventory report.
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Wishing everyone a smooth and successful trading week! ๐ช
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๐บ๐ธ U.S. Treasury Secretary Scott Bessent said the United States is preparing to roll out tough sanctions aimed at isolating Iran from the global economic system.
๐ค Washington warned that countries and companies continuing to serve as a โfinancial lifelineโ for Tehran could face sanctions and restrictions on access to the international financial system.๐ค China is under particular scrutiny as it remains a major buyer of Iranian oil, while Gulf countries are also facing pressure to balance relations with both the U.S. and Iran.๐ค Iran responded that countries supporting the U.S. economic pressure campaign could be viewed as engaging in hostile actions, while continuing to use the Strait of Hormuz as leverage.
If the U.S. significantly tightens pressure on Iranโs financial flows and oil exports, supply risks could continue to support oil prices while increasing volatility across global markets.
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๐ฎ๐ท Iranian Foreign Minister Abbas Araghchi said Washingtonโs renewed push for economic sanctions shows that the U.S. is becoming โdesperate,โ while insisting that the new measures will not force Tehran to back down.
At present, vessel traffic through the Strait of Hormuz remains very low, so the details of the U.S. sanctions package expected to be announced today will be closely watched by markets.
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๐ต The Dollar Index (DXY) has fallen to around 98.80, moving close to its lowest level in roughly three months.
๐ค The U.S. Treasury has increased the size of its long-term bond buybacks to $4 billion per operation, raising concerns over the fiscal outlook and the strength of the U.S. dollar.๐ค Markets have lowered expectations that the Fed will continue raising interest rates, with the probability of a hike at the next meeting falling to around 41%.๐ค Concerns over U.S. public debt and the budget deficit continue to weigh on the greenback.
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