The latest Market Talks covering Energy markets. Published exclusively on Dow Jones Newswires throughout the day.

0711 GMT - The resumption of the Middle East war begs the question of what has been achieved, says Shane Oliver, chief economist at AMP. Iran is arguably now stronger having proved it can block the strait, its government is more hardline, there is no resolution to its nuclear ambitions and it still has missiles and drones, he adds. There are parallels with the Ukraine and Vietnam wars that showed a superior military power can be challenged, though they didn't threaten the global economy to the same degree, he adds. (james.glynn@wsj.com; X @JamesGlynnWSJ)

0641 GMT - The dollar edges lower as oil prices stabilize after rising recently, even as hostilities between the U.S. and Iran continue. Oil prices have risen due to renewed Middle East conflict, which should typically benefit the dollar because the U.S. is a net oil exporter. However, weaker-than-expected U.S. consumer-price and producer-price inflation figures have sent confusing signals and leave the dollar struggling for direction, Commerzbank's Volkmar Baur says in a note. "In addition to the rise in oil prices, there are also falling inflation numbers, which point in a different direction," he says. The DXY dollar index edges down 0.1% to 100.689 as the price of a barrel of Brent crude is steady at $84.25. (jessica.fleetham@wsj.com)

0615 GMT - Danske Bank expects the euro to gradually weaken against the dollar over the coming months. The bank's analysts forecast the euro to trade at $1.13 in six months and at $1.12 in 12 months, they write in a note. Danske had already downgraded its forecast for the euro versus the dollar in May when it perceived a structural shift in relative macro and monetary policy drivers. "The moderation in energy prices is euro-positive in isolation, but the fact that EUR/USD has still declined over the past month supports our view that the cross will be driven lower by more long-term factors," they say. The euro trades steady at $1.1441. (emese.bartha@wsj.com)

0537 GMT - U.S. Treasury yields decline in Asian trade, while Brent oil prices rise, continuing to trade around the $85-per-barrel level amid ongoing hostilities between the U.S. and Iran. The two-year yield falls 2 bps to 4.136%; the 10-year yield is down 2 bps to 4.548%, and 30-year yield falls 1.4 bps to 5.083%, according to Tradeweb. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

July 17, 2026 03:11 ET (07:11 GMT)

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