{"id":427742,"date":"2026-03-02T11:25:10","date_gmt":"2026-03-02T04:25:10","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/03\/investinglive-asia-pacific-market-news-wrap-oil-up-5-with-eyes-on-iran\/"},"modified":"2026-03-02T11:25:10","modified_gmt":"2026-03-02T04:25:10","slug":"investinglive-asia-pacific-market-news-wrap-oil-up-5-with-eyes-on-iran","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-asia-pacific-market-news-wrap-oil-up-5-with-eyes-on-iran-427742\/","title":{"rendered":"investingLive Asia-Pacific market news wrap: Oil up 5% with eyes on Iran"},"content":{"rendered":"<div>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/bojs-himino-gdp-is-tracking-okay-20260302\/\">BOJ&#8217;s Himino: GDP is tracking okay<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/trump-floats-lifting-sanctions-against-a-new-iranian-regime-20260302\/\">Trump floats lifting sanctions against a new Iranian regime<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/bolton-warns-trump-may-not-have-thought-past-the-trigger-on-iran-20260302\/\">Bolton warns Trump may not have thought past the trigger on Iran<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/opec-hiked-oil-production-by-206000-bpd-in-sundays-meeting-20260301\/\">OPEC+ hiked oil production by 206,000 bpd in Sunday&#8217;s meeting<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/trump-we-have-hit-hundreds-of-targets-20260301\/\">Trump: We have hit hundreds of targets<\/a><\/li>\n<\/ul>\n<p>Markets:<\/p>\n<ul>\n<li>WTI crude oil up $3.74 to $5.6%<\/li>\n<li>US 10-year yields up 1.7 bps to 3.98%<\/li>\n<li>Gold up $80 to $5355<\/li>\n<li>S&amp;P 500 futures down 0.7%<\/li>\n<li>USD leads, GBP lags<\/li>\n<\/ul>\n<p>The whole market was holding its breath as oil futures opened to start the week and the initial price action was explosive with WTI hitting $75.33 and brent rising to $82.37. Those levels didn&#8217;t last though as both stayed at the peaks for mere seconds and are now trading $5 from the peaks. Both are still around 5.5% higher though in a significant move that will be closely watched all day.<\/p>\n<p>A hint that the opening moves wouldn&#8217;t be too crazy came from FX, where the US dollar saw only modest strength. AUD\/SUD was particuarly interesting as it gapped down 80 pips at the open but slowly fought back and is now basically flat. That&#8217;s been the shape of all price action in risk trades.<\/p>\n<p>Fixed income is another example as yields initially fell on the flight to safety trade but we now see them 2-3 bps higher across the curve, perhaps more worried about oil than war. <\/p>\n<p>A big part of the early reversals is no doubt profit taking as there was plenty of talk and positioning on a war ahead of time. I think that theme will play out throughout the day but eyes are also on how Iran responds <\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BOJ&#8217;s Himino: GDP is tracking okay Trump floats lifting sanctions against a new Iranian regime Bolton warns Trump may not have thought past the trigger on Iran OPEC+ hiked oil production by&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-427742","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/427742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=427742"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/427742\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=427742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=427742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=427742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}