Oil prices declined as the global commodity market reacted to a tentative 60-day ceasefire extension between the United States and Iran, pending President Trump’s approval, easing oil price pressures and broadly supporting emerging-market currencies.

South African Rand (ZAR) is trading sideways against the dominant US dollar, European single currency and British sterling ahead of economic data scheduled for release on Friday.

With the FTSE 100 bearish and Wall Street bullish, global markets’ trading direction diverges amid renewed optimism following the US-Iran decision to extend the ceasefire, despite reported military attacks between Washington and Tehran.

Bitcoin, Ethereum, Binance Coin, and Ripple’s XRP plunged as renewed tensions in the Middle East triggered about $1 billion in cryptocurrency liquidations.

Stellar (XLM) price soared by 24.09% in 24 hours to $0.20872, dramatically outperforming a flat broader market, primarily driven by a landmark institutional partnership announcement.

President Bola Tinubu says Nigeria has stabilised and is gradually returning to the path of economic recovery and sustainable growth following difficult but necessary reforms undertaken by his administration over the past three years.