Chinese Foreign Ministry says Beijing has been extensively involved in mediation efforts regarding the crisis related to Iran, Sky News Arabia reports
Beijing's active role in mediating the Iran crisis signals its increasing influence in global geopolitics, particularly in energy markets.
India's MRPL has reportedly shut a crude unit and some secondary units at its 300k BPD refinery due to crude shortages
BoJ has not ruled out an April rate hike, Bloomberg reports citing sources
Chinese Foreign Ministry says Beijing has been extensively involved in mediation efforts regarding the crisis related to Iran, Sky News Arabia reports
Iranian Revolutionary Guard says it hit a US oil tanker earlier this morning, SNN reports; Tanker hit in North Persian Gulf and is now burning; US, Israeli and European vessels are not allowed in the Strait of Hormuz
Japan's largest union, Rengo demands 5.94% wage hike in 2026 (prev. 6.09% in 2025)
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This involvement could affect oil supply dynamics and prices, potentially leading to volatility in WTI as tensions evolve. Traders should watch for shifts in energy-related assets as the situation develops and any responses from major players in the region.
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