Tensions around Iran and the future of interest rates dominate the markets.

Negotiations between the USA and Iran remain in the spotlight, where key points of contention concern Iran's uranium enrichment and its control over the Strait of Hormuz. The final draft of the agreement has been reached with the mediation of Pakistan, which is expected to be announced in the coming hours. This situation has a significant impact on the markets, especially in the context of oil prices, which may change if the situation in the region stabilizes. The President of Iran has announced firmness in the negotiations, highlighting the difficulties in reaching an agreement. Additionally, potential changes regarding fees for the Strait of Hormuz could have far-reaching effects on global oil supplies.

In the context of the Federal Reserve's monetary policy, expectations regarding the upcoming FOMC meeting indicate that current interest rates will be maintained in the range of 3.50-3.75%. Only 0.5% of investors expect a rate hike, suggesting that the current policy will be preserved, at least for now. Market sentiment, measured by the Fear & Greed Index, indicates moderate greed, which may reflect some optimism among investors. However, changes in monetary policy or unexpected geopolitical events could quickly alter this situation.

OPEC+ is likely to decide to increase the oil production quota by 188,000 barrels per day during the meeting scheduled for June 7. Such a decision may impact oil prices, especially in the context of current geopolitical tensions and potential changes in the USA-Iran agreement. An increase in production by OPEC+ could alleviate supply concerns and support price stabilization in the market.

Tomorrow will bring further monitoring of the situation surrounding the USA-Iran negotiations and expectations related to the Fed's monetary policy. Investors should also pay attention to the upcoming OPEC+ meeting and its decisions regarding oil production, which may impact global commodity markets.