Air defences activated on Qeshm Island near Strait of Hormuz, Mehr News reports
The activation of air defenses on Qeshm Island near the Strait of Hormuz signals an escalation in regional tensions, particularly given its strategic significance for global oil transport.
US President Trump on Truth says he has instructed Hegseth to hold off on the Iran attack that was initially planned for tomorrow after Saudi, UAE and Qatar requested him to do so as serious talks are now taking place
CRUDE WRAP: WTI (N6) SETTLES USD 3.36 HIGHER AT 104.38/BBL; BRENT (N6) SETTLES USD 2.84 HIGHER AT 112.10/BBL
Air defences activated on Qeshm Island near Strait of Hormuz, Mehr News reports
Majority of drone + missile attacks on Saudi Arabia since Iran war came from Iraq, diplomatic & Iraqi official sources tell Al Monitor
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This development could impact oil prices and market sentiment, as heightened military readiness often raises fears of disruptions in key shipping lanes. Traders should monitor related assets, particularly oil and havens, for volatility in the upcoming sessions.
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