Explosion heard in Iran's Sirik city, near the Strait of Hormuz, with reasons unknown, Mehr News reports
The explosion reported in Sirik city, close to the vital Strait of Hormuz, heightens geopolitical tensions, which can lead to market volatility, particularly in energy prices.
IRGC navy warned vessels to stay away from US warships in the Strait of Hormuz after overnight skirmishes, saying that sometimes it needs to teach “Yankees” a lesson, according CNN; Adds chances of successful, amicable resolution remain minimal
US NEC Director Hassett says blockbuster jobs numbers the last two months and 'rip-roaring' jobs market, Bloomberg TV interview
Explosion heard in Iran's Sirik city, near the Strait of Hormuz, with reasons unknown, Mehr News reports
US military undertook additional airstrikes, targeting several empty tankers which were attempting to break the blockade en route to Iran, Fox's Griffin reports
UBS (UBSG SW) CEO says Europe will continue to fall behind Asia and the US until politicians are forced into action by a severe crisis, adds that over-regulation has driven the decline in Europe, FT
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This region is critical for oil transport, so any disruption or uncertainty here could spike concerns over supply security, impacting WTI and other commodity markets significantly.
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