iSAM Securities Moves to New Hong Kong Office to Support Regional Growth

The Israeli strike on Iran was the major headline overnight. Crude oil jumped 9% on the news—the biggest move in more than three years. Iran had previously announced plans to inaugurate a new uranium-enrichment facility in response to censure by the UN atomic watchdog over its nuclear program.

Trade tensions are rising once again, as Trump said he will set unilateral tariff rates within two weeks. Indices, crypto, and the USD are down overall, with a gauge of the dollar sliding 0.4% to its lowest level since July 2023.

Despite progress in US–China trade talks, a concrete deal has yet to be reached, and markets are currently stalled, awaiting further details. Stock markets have returned to all-time highs, despite the April tariff-driven sell-off.