More oil tankers stranded in the Gulf since the start of the Iran war are expected to move through the Strait of Hormuz, pressuring Brent crude futures, which fell 0.5% to trade near four-month lows. As the world’s No. 3 oil importer and consumer, India typically benefits from lower oil prices through an improved inflation and growth outlook. However, rising expectations of tighter U.S. Federal Reserve policy have weighed on emerging-market risk appetite, offsetting some of the oil-related support. Foreign investors were small net buyers of Indian shares in the session, even as year-to-date outflows total $29.84 billion.

Alimentation Couche-Tard reported fiscal 2024 fourth-quarter results, benefiting from sharp oil-price swings tied to the war in Iran. Its U.S. gasoline gross margin reached 52.44 cents a gallon, up 9.17 cents from a year earlier and the highest level in more than five years. The margin was well above the industry average of 35 cents a gallon for the period. Quarterly net profit doubled year over year to $863.4 million.

Imperial Oil said it has renewed its normal course issuer bid for up to 5% of its outstanding shares, or a maximum of 24.2 million shares, with the program set to begin on June 29. The company said the Toronto Stock Exchange has given final acceptance for the plan. Imperial said some repurchases will be made in the open market, while others may be bought from controlling shareholder Exxon Mobil to keep its stake at about 69.6%.

A deep selloff in global technology stocks dragged South Korea’s Kospi into a trading halt after Samsung Electronics and SK Hynix each fell more than 12% in a single session. In Japan, SoftBank Group slid more than 15% and Kioxia dropped more than 10%, while European chip names also fell, including ASML down 4% and Infineon down 3.4%. U.S. stock futures sank in premarket trading, with Nasdaq futures down 2.1% and S&P 500 futures off 1.3%. The decline was driven by worries about heavy capital spending on AI infrastructure, with investors also focused on Micron Technology’s results due after the market close Wednesday.

The United States granted a 60-day waiver on Iran sanctions, while fighting in Lebanon continued to ease under a new agreement, cooling Middle East tensions. Brent crude futures were trading around $78 a barrel. Indian equities slipped slightly, with the Nifty 50 down 0.13% and the Sensex off 0.01% after rising more than 4% over the previous seven sessions. Broader Asian markets fell, though they were up 8.2% over the previous seven sessions.

The United States granted a 60-day waiver on sanctions on Iran, and officials reported a sustained lull in fighting in Lebanon under a nascent peace deal. Brent crude futures were around $78 a barrel, well below earlier highs. Softer oil prices are seen as supportive for India by easing inflation pressures and the import bill, while the Nifty and Sensex have risen 4.1% and 4.4% over seven sessions, with key support at 23,950–23,970 and resistance at 24,200–24,230.

Materials stocks edged higher as markets monitored U.S.-Iran talks for signs of progress toward normalizing global supply chains. Gold, copper and aluminum prices all moved up on the day. Venezuela began a U.S.-backed military campaign targeting criminal groups in a lawless gold-mining region as it seeks to open the area to American investment. ING Economics analysts said an aluminum supply deficit is not expected to materially ease in the coming months.

美伊正就霍尔木兹海峡航运正常化展开谈判，周六、周日分别有19艘和14艘油轮通过该海峡，远低于战前水平；美国已解除对伊朗原油出口的自身封锁。同时，卡塔尔一处关键天然气设施发生爆炸，造成13人死亡、数十人受伤，该国液化天然气出口暂时中断。事件对原油构成利空，对天然气构成利多。

Silver miner Sinda plans to launch an initial public offering in the United States, aiming to raise up to $235.2 million. The move is a company-level capital markets transaction. The information provided does not indicate any changes in silver spot or futures supply, demand shifts, policy intervention, or other major industry events. It also does not disclose factors that typically drive silver prices, such as production costs, inventories, geopolitical supply risks, or ETF holdings.