Trump cancels planned military strike against Iran on the 19th, causing both US and Brent crude oil prices to plummet!

· The US Treasury Secretary announced a further 30-day extension of sanctions waivers for Russian seaborne oil shipments. This news is expected to be a short-term positive for British crude oil prices. · The UK increased its holdings of US Treasury bonds in March, while China and Japan reduced their holdings. This news is positive for the pound. · The IMF raised its UK economic forecast, but political turmoil could impact economic growth. This news is positive for the FTSE 100 index.