WTI Forecast: Hormuz Risks, Aramco Impact, and OPEC Supply.I recorded this video on Friday, ahead of the escalation, comparing the 2025 12-Day Iran War and the possible 2026 setup. The updated analysis is in the final section of this article.

India Manufacturing Output down to 4.8% in January from previous 8.1%.India Manufacturing Output down to 4.8% in January from previous 8.1%

India Cumulative Industrial Output up to 4% in January from previous 3.9%.India Cumulative Industrial Output up to 4% in January from previous 3.9%

India Industrial Output came in at 4.8%, below expectations (6.5%) in January.India Industrial Output came in at 4.8%, below expectations (6.5%) in January

Crude Oil –02.03.2026.  Oil opened with a gap after U.S. and Israel's treacherous attack on Iran while the Iranian Revolutionary Guard announced the closing of Hormuz. Such disruptions could cause more spikes on Oil prices which could lead for a further advance.

USD/JPY –02.03.2026.  The pair retreated last week and managed to close from the first support at 152.00. The uptrend wave is still ongoing towards 160.20, as long as the market remains above 150.70-90.

EU reportedly says that there is no immediate impact to oil security from US-Iran conflict.The European Commission is said to have sent an email to EU governments, in noting that it sees no immediate impact on the bloc's security of oil supply from the situation in the Middle East. That according to Reuters, who has glanced over the email details with it stating that:

USD/JPY Support at 156.00 and the Pressures Of Dual Safe Haven Effect.The Middle East conflict is currently defining global financial markets performance and USD/JPY has a dual safe haven dilemma to deal with.

UK PMI manufacturing finalized at 51.7, strong output and export growth.UK PMI Manufacturing was finalized at 51.7 in February, easing marginally from January's 17-month high of 51.8 but remaining firmly in expansion territory. The data suggest that the sector has made an “encouraging start” to 2026, with output rising at the fastest pace in 17 months as new orders improved across both “home and overseas markets”.

Iran crisis jolts Japan bond yields, muddies BOJ rate outlook.Market expectations for Japanese bond yields and the central bank's next rate increase have been thrown into disarray as investors fear an extended conflict in the Middle East will have knock-on effects on the yen and domestic inflation.

United Kingdom Mortgage Approvals below expectations (62K) in January: Actual (59.999K).United Kingdom Mortgage Approvals below expectations (62K) in January: Actual (59.999K)

Eurozone PMI manufacturing finalized at 50.8, turning corner with broad-based recovery.Eurozone PMI Manufacturing was finalized at 50.8 in February, rising from January's 49.5 and marking a 44-month high. The move above also the 50 threshold signals a return to expansion for the bloc's factory sector.

Germany February final manufacturing PMI 50.9 vs 50.7 prelim.“It finally looks like things are turning around for Germany's manufacturing sector. For the first time in over three-and-a-half years, the headline PMI has climbed back above 50.

Brent Crude Oil Analysis: $95 Target Reinforced, Double Bottom Intact.The velocity of the rebound is particularly noteworthy — price behavior of this nature is characteristic of institutional accumulation rather than opportunistic retail buying.

Italy February manufacturing PMI 50.6 vs 49.5 expected.“In February, we saw tentative signs of improvement in Italy's manufacturing sector, but this is not yet a meaningful step forward. The recent uptick, following two weak months, still rests on a fragile foundation.

First Light News: Macro Week Ahead – US Jobs Data on Deck.Market participants welcome a busy data slate this week. While the geopolitical situation is front and centre, the macro focus will be on US jobs data.

Swiss National Bank raises willingness to counter franc's 'excessive' appreciation.The Swiss National Bank said on Monday it was more willing to intervene in foreign currency markets after the conflict in the Middle East pushed the Swiss franc to its highest level against the euro in more than a decade.

EUR/JPY Price Forecast: Hovers around 184.00 above nine-day EMA.EUR/JPY Price Forecast: Hovers around 184.00 above nine-day EMA

Sweden Manufacturing PMI up to 56.1 in February from previous 56.Sweden Manufacturing PMI up to 56.1 in February from previous 56

Switzerland Real Retail Sales (YoY) registered at -1.1%, below expectations (2.7%) in January.Switzerland Real Retail Sales (YoY) registered at -1.1%, below expectations (2.7%) in January

China's foreign ministry criticizes US and Israel for attacking Iran.China's foreign ministry criticizes US and Israel for attacking Iran

USD/JPY Price Forecast: Not too far from revisiting monthly high of 157.30.USD/JPY Price Forecast: Not too far from revisiting monthly high of 157.30

Swiss National Bank reports annual profit of $34 billion.The Swiss National Bank reported an annual profit of 26.1 billion Swiss francs ($34 billion) for 2025, the central bank said on Monday, confirming its earlier provisional figures.

Natural Gas and Oil Forecast: Strait of Hormuz Risk—Is a $100 Oil Spike Possible?.Strait of Hormuz tensions put 20% of global oil at risk as Brent eyes $80. Discover how geopolitical friction and OPEC+ hikes are reshaping the energy forecast.

Brent: War-driven spike tests risk appetite – UOB.Brent: War-driven spike tests risk appetite – UOB

BoJ's Himino says could raise rates toward neutral if underlying inflation accelerates to target.BoJ's Himino says could raise rates toward neutral if underlying inflation accelerates to target

Natural Gas News: Middle East War Lifts Futures as Market Eyes LNG Risk.European LNG supply at risk as Hormuz tensions rise. Natural gas futures react to inventory deficits, weather forecasts, and key chart resistance.

Australia RBA Commodity Index SDR (YoY) rose from previous 2.6% to 3.4% in February.Australia RBA Commodity Index SDR (YoY) rose from previous 2.6% to 3.4% in February

Morning Bid: Dire straits for global oil trade.A look at the day ahead in European and global markets from Wayne Cole.

Netherlands, The Retail Sales (YoY) fell from previous 3% to 2.2% in January.Netherlands, The Retail Sales (YoY) fell from previous 3% to 2.2% in January