FX.co ★ DAX Turns Negative

Frankfurt’s DAX 40 reversed early gains of more than 1% to trade slightly lower around 22,700 on Friday, as crude oil prices resumed their upward climb amid persistent global uncertainty. Volatility was further heightened by the simultaneous expiration of futures and options on equity indices and individual stocks. Israel agreed to halt strikes on Iran’s energy facilities at the request of former President Trump, but Tehran’s attack on a Kuwaiti refinery underscores that the risk of further escalation remains elevated. Meanwhile, US Treasury Secretary Scott Bessent said on Wednesday that Washington could lift sanctions on Iranian oil already at sea to ease market pressures, a move that could offer some relief to US allies.