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The European Central Bank is set to lift its inflation outlook when policymakers meet next month, according to President Christine Lagarde.

Oil dropped as the US and Iran edged toward a deal, although President Donald Trump said that Washington’s blockade of the Strait of Hormuz would remain until an agreement was completed.

Asian stocks climbed and crude oil fell after US officials signaled that a deal with Iran to reopen the Strait of Hormuz and restore oil flows may be near.

European natural gas dropped during early trading in Asia on optimism that the US and Iran are closing in on a deal that would reopen the Strait of Hormuz.

Gold jumped as signs the US and Iran are closing in on a deal that would reopen the Strait of Hormuz tempered inflation concerns.

Global markets and major trading partners can expect updates on Indonesia’s new commodity export policy within weeks as the government works on the legal and structural rollout of its new centralized export agency, according to a trade ministry official.

Indonesia’s Trade Vice Minister Dyah Roro Esti Widya Putri says the government is finalizing a centralized export agency for palm oil, coal, and ferroalloys. Speaking to Bloomberg’s Stephen Engle at APEC in China, she stated the plan is moving to execution despite policy shifts that have unnerved in