Fire at Iran's South Pars oil field is under control, Tasnim news reports citing a local official
The report of a fire at Iran's South Pars oil field being under control suggests minimal immediate impact on supply, which is crucial given the region's significance in global energy markets.
Saudi Defence Ministry says it intercepted and destroyed two ballistic missiles launched towards the Eastern region, according to State TV
Japan's second phase of US investment pledge seen reaching USD 63bln, according to Nikkei
Fire at Iran's South Pars oil field is under control, Tasnim news reports citing a local official
Newsquawk European Market Wrap - 18th March 2026
BoC Governor Macklem says they will take decisions one meeting at a time
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While such incidents can cause temporary price fluctuations, this controlled situation likely limits prolonged disruptions and offers some reassurance to traders concerned about energy stability. Keep an eye on WTI as markets react, but a significant shift in pricing seems unlikely if the containment continues to hold.
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