Saturday 30 May 2026 07:00 UTC
Geopolitical volatility remains the dominant theme with US-Iran peace talks creating extreme uncertainty - markets initially rallied on Strait of Hormuz reopening hopes but skepticism is mounting given lack of Trump confirmation and Iran's silence on nuclear concessions. Treasury yields holding elevated at 4.45% while VIX remains surprisingly calm at 15.3, suggesting complacency despite oil volatility and ongoing ETF outflows. Key risk today is any development on the "tenuous" 60-day ceasefire extension talks.