📰 Overnight Briefing (00:00-08:00) | 2026-06-13

📊 Market Snapshot

Crude oil saw the sharpest overnight move, dropping from 87.85 to 83.82, a decline of nearly 3%.

Gold traded in a narrow range between 4170 and 4247, finishing marginally lower at -0.13%.

US stocks closed higher Friday across all three major indices, with the Dow leading at +0.70%.

🔥 Key Overnight Headlines

SpaceX IPO Surges 19% on Day One SPCX.O debuted on Nasdaq Friday, closing up 19% at $161.1, with total market cap exceeding $2.1 trillion, making it the sixth-largest US company. The listing proceeded more smoothly than many had anticipated.

Iran-US MOU May Be Signed Within Days Iranian FM Araghchi stated that the first phase of the Iran-US memorandum of understanding would be signed remotely, potentially “within the next few days.” However, Israel is urgently trying to block the deal, with its core objective being to prevent the unfreezing of $24 billion in Iranian assets.

Iran to Charge for Strait of Hormuz Services Iranian FM stated that services related to the Strait of Hormuz will be subject to charges, adding a new dimension of uncertainty to the Middle East situation.

Dollar Bullish Sentiment Hits One-Year High CFTC data shows traders’ bullish positioning on the dollar has risen to its highest level in over a year, as the Middle East conflict reinforces the dollar’s safe-haven status.

US Bank Deposits Dip Slightly US bank deposits decreased from $19.338 trillion to $19.296 trillion as of last week.

Paramount-Warner Bros. Merger Approved The US Department of Justice approved Paramount’s acquisition of Warner Bros.

🧭 Outlook & Analysis

The Iran-US agreement progress is the core variable for markets right now, and Iran’s Hormuz Strait fee announcement suggests Tehran still holds leverage in negotiations.

Israel’s hardline stance adds uncertainty to the deal’s implementation, with the $24 billion asset unfreezing issue likely to be the biggest obstacle.

Crude oil’s nearly 3% overnight drop may reflect rising market expectations of a US-Iran deal — if reached, it would ease supply disruption risks.

Dollar bullish sentiment has reached a one-year high, with clear safe-haven fund flows, but caution is warranted against crowded positioning that could trigger a reversal.

Fed rate cut expectations have been pushed out to 2027, and the sustained high-rate environment continues to pressure corporate earnings and valuations.

This weekend brings a triple catalyst: Trump’s 80th birthday, the G7 summit, and potential US-Iran deal — watch for gap risks at Monday’s open.

📅 Today’s Economic Calendar

Saturday data is light. Oil rigs edged up by 2, natural gas rigs fell by 3 — overall changes are minimal.

Weekend focus: Final stages of Iran-US negotiations, Trump’s G7 summit moves, and SpaceX secondary market performance post-IPO.