Brent crude ticked higher on Friday, but stayed set for a weekly fall of around 8 percent, after Israel and Hezbollah agreed on a ceasefire in Lebanon but Iran set conditions for using the vital Strait of Hormuz.

Gold prices fell on Friday, putting the yellow metal on track for a third straight weekly decline, pressured by a firmer US dollar and a hawkish Federal Reserve.

Shipping traffic through the Strait of Hormuz rose to its busiest in two months after a deal to halt the US-Iran war, maritime trackers said on Friday.

The Indian rupee ended largely unchanged against the dollar after a choppy session on Friday, as weakness in regional currencies largely offset the unwinding of long dollar positions, but the currency posted its best week in the last 11 on debt inflows. This was also the fourth weekly gain in the last five weeks.

Industry leaders say reaching $100 billion in exports is not a formal target but a realistic possibility as global demand for apparel continues to grow and supply chains return to normal

There is a growing consensus in the European Union that it is too dependent on China

Brent crude futures were up 66 cents, or 0.53 percent, at $80.38 a barrel

A total of 25 commercial vessels crossed the newly reopened strait on Thursday, the highest number since mid-April

Japan plans to set a target of about $2.3 trillion in combined public ​and private investment by 2040 across ‌17 strategic sectors as part of Prime Minister Sanae Takaichi’s new growth strategy, the Nikkei reported ​on Friday.

Gold climbed 1 percent on Thursday, recouping some losses from the previous session after Federal Reserve’s hawkish signals, as a drop in oil prices following a US-Iran interim agreement dampened inflation expectations and provided support.

US President Donald Trump said in a Truth Social post on Thursday that Apple has agreed to work with Intel to design and manufacture its chips in the United States.

Chinese automakers are speeding into right-hand-drive markets from Australia to Southeast Asia, challenging long-dominant Japanese car companies with premium electric vehicles aimed at affluent consumers as growth at home slows.

Crude fell more than one percent Thursday

Electric cars are getting cheaper, more efficient and can travel farther than ever. China is driving the transition, but Europe and other countries are catching up fast

Oil prices rose more than 1 percent Wednesday after US President Donald Trump threatened ‌to resume bombing Iran if it didn’t “behave”, but remained near three-month lows as the International Energy Agency warned of excess supply next year.

Britain’s annual inflation rate was unchanged at 2.8 percent in May as higher petrol prices caused by the US-Iran war were offset by lower food costs, official data showed Wednesday.

Oil inventories held by OECD member countries fell in May to their lowest level since 1990 as governments drew down stocks to offset the blockage of Gulf crude shipments during the Middle East war, the International Energy Agency said Wednesday.

The dollar held steady against most major peers on Wednesday ahead of the Federal Reserve’s first policy decision under chair Kevin Warsh, which could see some volatility as investors adjust to a new style of policy making and communication.

The European Union’s trade deficit with China is growing, prompting Brussels to take protective measures against everything from electric vehicles to e-commerce platforms and deepening fears of a trade war.

Crude has tumbled more than 10 percent this week on optimism for a lasting agreement between the two countries