Explosions reported in Kuwait, with IRGC stating they targeted US military facilities at Ahmad Al-Jaber base in Kuwait
The reported explosions in Kuwait targeting US military facilities signify a potential escalation in regional tensions, particularly with the IRGC's involvement.
US President Trump is approaching a crucial crossroads in the Iran war, with senior US and Israeli officials claiming he has only two realistic options; promoting a new 10-day ceasefire to reopen the Strait of Hormuz, or launching a full-scale war
UKMTO updates regarding an attack on a vessel in the Strait of Hormuz, stating the crew have now abandoned the ship
Explosions reported in Kuwait, with IRGC stating they targeted US military facilities at Ahmad Al-Jaber base in Kuwait
South Korean President Lee says strange to see USD/KRW hovering around 1,500-1,600, notes there is criticism leveraged products amplified stock volatility
South Korean Deputy Finance Minister and FX chief Moon Ji Sung says KRW is likely to rise further and BoK rate hike is to stabilise FX, while KRW remains weaker than fundamentals
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This could heighten risk aversion, impacting safe-haven assets like gold and the USD, while also raising concerns about broader geopolitical stability in the Middle East.
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