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JPMorgan expects the Bank of England to raise interest rates by 25 basis points in November 2026, whereas the previous forecast was for a rate hike in July.

Glonghui, June 18 — The US and Iran have signed a memorandum of understanding, boosting market sentiment. All three major US stock indexes opened higher, with the Nasdaq up 1.49%, the S&P 500 rising 1.15%, and the Dow Jones increasing 0.76%. Intel surged over 10% to a record high after Trump revealed that Apple agreed to partner with Intel to design and manufacture chips in the US. Apple rose more than 1%, as CEO Cook stated plans to increase product prices to offset soaring costs for memory and storage chips. Accenture fell more than 18% as Q3 orders unexpectedly dropped by 2% and Q4 revenue outlook was weaker than analysts expected.

According to official data, from January to May 2026, Azerbaijan’s oil exports via the Baku-Tbilisi-Ceyhan pipeline fell to 10.6 million tons, representing a year-on-year decrease of 8.6%. This pipeline passes through Georgia to Turkey and is mainly used to export crude oil from the Azeri-Chirag-Gunashli fields operated by BP.Data from the State Statistical Committee of Azerbaijan shows that in the first five months of 2026, the country’s total oil transit volume was 13.8 million tons, of which 76.8% was transported through the BTC pipeline. During the same period, the transit volume of oil from Kazakhstan and Turkmenistan via this pipeline declined from 1.934 million tons in the same period last year to 1.856 million tons.