Daily Digest — 25 May 2026

Oil markets stabilized after Trump indicated Iran talks were proceeding constructively, causing crude to fall 5% before recovering to $96.60. The potential 60-day ceasefire extension and reopening of the Strait of Hormuz has provided relief to energy markets, though Carlyle’s commodity chief warns Asian oil storage is at “tank bottoms” with Europe not far behind. Hezbollah continues releasing attack videos as its leadership eyes the US-Iran deal implications for Lebanon.

Meanwhile, Pep Guardiola delivered an emotional farewell after a decade managing Manchester City, marking the end of an era in football. The UK faces potentially record-breaking May temperatures reaching 34°C, while Prime Minister Starmer expressed being “appalled” by lenient sentences for teenage rapists.

Crypto markets showed mixed signals with Bitcoin gaining 0.8% to \(77,315 while Ethereum slipped. [Coinbase executives dismissed Wall Street competition concerns](https://www.coindesk.com/business/2026/05/24/coinbase-does-not-fear-competition-from-wall-street-says-exchange-executive) while calling for sensible regulation. A new report suggests a [\)1 trillion hidden bitcoin lending market](https://www.coindesk.com/business/2026/05/22/ledn) could emerge within a decade as demand grows. Singapore reported lower inflation at 1.8% while revising growth forecasts higher, benefiting from regional stability amid Middle East tensions.