Govt sources suggesting only a handful of rebels will vote with the Conservatives this evening to refer UK PM Starmer to the Privileges Committee. Around 20 could abstain, they added, via iPaper reporter Donaldson
This headline indicates potential instability within the UK Parliament, as a lack of support for PM Starmer's referral to the Privileges Committee suggests a divided political landscape.
The UAE's exit from OPEC is a sovereign decision, not a break with the market or a reaction, Argus reports citing sources; no plan to flood the market once Hormuz is functional, any output increase would be gradual and timely. Near term, nothing changes.
US Energy Secretary Wright says that the Strait of Hormuz can open without clearing all mines
Govt sources suggesting only a handful of rebels will vote with the Conservatives this evening to refer UK PM Starmer to the Privileges Committee. Around 20 could abstain, they added, via iPaper reporter Donaldson
General Motors (GM) CFO says they are not worried about any shortages on raw materials
Amwaj's Shabani quoting a post on X says, "Account that reflects discussions among Iranian officials suggests that the US may pursue an air blockade and "even establishing a no-fly zone" alongside its naval blockade"
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The possibility of around 20 abstaining votes may weaken the government's position and introduce uncertainty, potentially impacting sentiment towards UK assets. This could also open doors for market volatility, particularly in GBP and equities tied to UK political stability.
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