• Oil prices surged on reports of potential Israeli strikes on Iran’s nuclear facilities, in a further bout of market uncertainty already complicated by US-Iranian nuclear talks.
• The same geopolitical risk also briefly pushed mainstream safe-haven currencies.
• US stock futures fell in the meantime amid ongoing concern over President Trump’s tariffs’ economic impact, even as there was some relief seen in trade tensions.
• In the tech world, Nvidia CEO Jensen Huang criticized US regulations on chip exports to China, stating they have harmed his firm’s market share and unintentionally fueled Chinese technology advancements.
• Finally, the US dollar declined to a two-week low because investors expected the G7 gathering to be the venue where discussions on a weaker dollar would take place and because concerns about the US budget deficit discouraged the currency.

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