Explosion was heard in Abu Dhabi, Fars News reports citing Arab sources
The report of an explosion in Abu Dhabi suggests a potential escalation in regional tensions, which could prompt market reactions across multiple asset classes.
Iran's Top Joint Military Command says US violated the ceasefire by targeting Iranian oil tanker and another ship entering the Strait of Hormuz; Iran will respond powerfully and without the slightest hesitation to any attack
The US Trade Court has ruled against President Trump's 10% global tariffs
Explosion was heard in Abu Dhabi, Fars News reports citing Arab sources
[MARKET UPDATE] Modest upside seen in crude futures amid headlines of attacks in Iran by the US, although US officials claim the ceasefire has not ended; Iran yet to respond
"US military attacked Iranian targets in the Strait of Hormuz, an American official told me. The American official claimed that the attacks do not constitute a renewal of the war with Iran", Axios' Ravid posts
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Traders should watch for impacts on oil prices and safe-haven currencies, particularly if further developments indicate a significant threat to stability. The situation may lead to heightened volatility during the US session as markets digest the implications.
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