China Foreign Ministry says if the US imposes tariffs on China over Iran related issues, China will take "firm" countermeasures
China's warning about "firm" countermeasures in response to potential US tariffs highlights the escalating trade tensions between the two countries.
Pakistan Foreign Ministry says it offered to host a second round of US-Iran negotiations, no date or time has been set yet
IEA Chief Birol met with US Energy Secretary Wright; discussed energy security, according to reports
China Foreign Ministry says if the US imposes tariffs on China over Iran related issues, China will take "firm" countermeasures
EUROPEAN OPEN: MC FP Q1 sales hit by Iran war; PUB FP tops growth expectations; NOVOB DC announces partnership with OpenAI; HSBA LN downgraded; SAP GY downgraded
[MARKET UPDATE] Risk-on move seen following reports of US-Iran talks resuming later in the week; Equities bid, DXY marks fresh session lows, crude falls below USD 98/bbl
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This could have significant implications for energy markets, particularly in WTI, as any retaliatory actions may affect supply chains and trade flows, raising geopolitical risk premiums. Traders should monitor this situation closely, as it could lead to increased volatility in commodities and currencies tied to the region.
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