Tuesday: Oil falls as traders eye de-escalation

Oil falls below US$70 a barrel and stocks rise as traders assess Iran’s retaliatory attack on a US base in Qatar for signs of de-escalation. US PMI data shows ongoing expansion in June. Another Fed Governor backs a July rate cut. Singapore’s inflation falls again. In our deep dive interview, ANZ Head of Asia Research Khoon Goh looks at how Singapore’s economy has come through tariff-related uncertainty, and how well-placed it is to handle higher oil prices amid a worsening Middle East conflict. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/