16, June 2026
Most stocks rise, oil flat following peace deal-fuelled rally 0
Eyes are now on developments ahead of Friday’s signing ceremony in Switzerland, which will bring an end to more than three months of a war that has sent shockwaves through energy markets and sent global inflation soaring.
US President Donald said ships were again moving through the strait and it would be “completely open” by Friday, while Iranian media said three oil tankers and two cargo ships had passed through the area that had been subject to a US naval blockade.
Tehran blockaded the waterway after the United States and Israel launched their war against Iran on February 28. The United States then blocked shipping to and from Iranian ports.
A senior US administration official, however, said Trump, Vice President JD Vance and Iran’s parliamentary speaker Mohammad Bagher Ghalibaf had already signed the text electronically.
“Investors are increasingly pricing in a lasting improvement in the geopolitical backdrop,” wrote Fiona Cincotta at City Index.
“However, with several details yet to be finalised, any setbacks could trigger a sharp market reaction. For now, confidence is growing that the Strait of Hormuz will reopen and energy supplies will normalise.”
She added that “the key question is not whether a deal is reached, but how quickly oil exports and production can recover”.
“Investors will also be watching compliance with the agreement and the pace of supply normalisation,” she added.
Oil industry watchers caution that market conditions will likely be tight for a period of weeks or months. Fresh US Department of Energy data showed strategic oil stockpiles sank last week to their lowest level since 1983.
Shipping groups warned Monday that it was too soon to safely resume sailing.
The deal sparked a huge relief rally across global equities, with the Dow on Wall Street hitting a record high, while crude prices plunged almost five percent.
The optimism remained largely intact Tuesday, with both main crude contracts barely moved and stocks mostly up.
Seoul led gains once more, surging more than one percent — a day after piling on more than five percent — helped by fresh advances in the tech sector.
That came on the back of another blockbuster day for Elon Musk’s SpaceX, which jumped almost 20 percent for the second day in a row after listing Monday.
Shanghai, Singapore, Taipei, Wellington and Manila also rose, though Tokyo, Hong Kong and Sydney were down.
There was little reaction to news that Chinese retail sales shrank last month for the first time since 2022.
Investors are keeping close tabs on the Bank of Japan’s policy meeting, where it is expected to hike interest rates to a 31-year high later in the day.
Key figures around 0230 GMT
Tokyo – Nikkei 225: DOWN 0.1 percent at 69,234.42 (break)
Hong Kong – Hang Seng Index: DOWN 1.4 percent at 24,507.31
Shanghai – Composite: UP 0.1 percent at 4,099.70
West Texas Intermediate: FLAT at $80.77 a barrel
Brent North Sea Crude: FLAT at $83.19 a barrel
Euro/dollar: DOWN at $1.1586 from $1.1592 on Monday
Pound/dollar: DOWN at $1.3402 from $1.3416
Dollar/yen: DOWN at 160.15 yen from 160.30 yen
Euro/pound: UP at 86.45 pence from 86.40 pence
New York – Dow: UP 0.9 percent at 51,671.03 (close)
London – FTSE 100: DOWN 0.4 percent at 10,430.62 (close)
Source: AFP



















16, June 2026
Yaoundé earns CFA15 billion from Chad Oil Pipeline transit fees in 5 months 0
Cameroon collected CFA15.1 billion in transit fees from the transport of Chadian crude oil between January and May 2026, according to data reviewed by Business in Cameroon.
Monthly revenue reached CFA2.94 billion in January, CFA3.52 billion in February, CFA2.85 billion in March, CFA2.83 billion in April, and CFA2.95 billion in May. The latest figures extend a positive trend recorded earlier in the year. By the end of April, transit fees had already generated CFA12.15 billion for the Cameroonian Treasury, up CFA1.2 billion, or 11%, from the same period in 2025.
According to the Petroleum Products Pricing Stabilization Fund (CPSP), the increase reflects sustained crude oil volumes moving from Chad’s oil fields to Cameroon’s Atlantic coast through the Chad-Cameroon pipeline.
Between January and April 2026, about 16.1 million barrels of crude oil were transported through the 1,080-kilometer pipeline. As a landlocked country, Chad relies heavily on the pipeline to export its crude oil to international markets. The oil is transported to the offshore terminal at Kribi in southern Cameroon, where it is loaded onto tankers for export. In return for the use of its territory, Cameroon receives a transit fee on every barrel shipped through the pipeline. The fee currently stands at $1.321 per barrel.
The current rate is the result of negotiations launched by Cameroon in 2013 to secure periodic increases in the tariff. When the pipeline entered service, the transit fee was set at just $0.41 per barrel. The rate was subsequently revised upward in 2013 and again in 2018, reaching its current level.
Under the agreement between the two countries, another review of the tariff was expected to take effect from October 1, 2023. As crude volumes continue to move through the pipeline, the issue of a new increase in transit fees could return to discussions between Yaoundé and N’Djamena.
Source: Business in Cameroon