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Australia, EU Unite in Era of Global Upheaval

The European Union and Australia have agreed on a free trade deal, concluding nearly a decade of negotiations as both sides work to strengthen ties and reinforce a rules based order under pressure from the Trump administration. At the same time, Canberra faces a potential energy crunch amid global disruptions linked to the war in Iran. Bloomberg's Ben Westcott and Macquarie University's Lurion de Mello break down the issues on "Bloomberg: The Asia Trade."

Read more: Australia, EU Unite in Era of Global Upheaval
Bloomberg

Goldman Sachs' Struyven on raising 2026 Brent Forecast

Daan Struyven, Co-Head of Global Commodities Research at Goldman Sachs, outlined the firm's revised outlook for Brent crude, raising its forecast to an average of $85 per barrel this year, up from the previous estimate of $77. He noted that the disruption in the Strait of Hormuz represents the largest supply shock ever seen in the global crude market. He speaks with Shery Ahn and Haidi-Stroud Watts on "Bloomberg: The Asia Trade".

Read more: Goldman Sachs' Struyven on raising 2026 Brent Forecast
Bloomberg

Oil Tumbles as Trump Eases Iran Threats

Oil fell sharply on Monday, again posting one of the biggest price swings on record, after US President Donald Trump said he was holding off on striking Iranian power plants and was negotiating a potential end to the war. Brent and West Texas Intermediate both tumbled more than 14% before clawing back some losses, with the global benchmark closing below $100 for the first time in almost two weeks. Trump's announcement on Truth Social kicked off a dramatic trading session, with the US president backing off a threat of hitting Iranian infrastructure. Iran, for its part, repeatedly denied it was negotiating with the US to end the conflict. Bloomberg News Managing Editor for Energy and Commodities Americas Simon Casey joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec.

Read more: Oil Tumbles as Trump Eases Iran Threats

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