Greek oil tanker was attacked near Strait of Hormuz, according to Nour News
The attack on a Greek oil tanker near the Strait of Hormuz raises significant geopolitical tensions in a crucial maritime corridor for global oil supplies.
US President Trump signed an order to identify and fix potential national security vulnerabilities by requiring defence contractors to screen their supply chains, aims to stop weapons makers from working with certain foreign suppliers including China
Israeli army starts pilot to withdraw from three Lebanon villages, while it was separately reported that Israeli drones strike Gaza city centre
Greek oil tanker was attacked near Strait of Hormuz, according to Nour News
South Korea July 1st-20th Exports rose 52.3% Y/Y, Imports rose 20.0% Y/Y and Trade Balance is at a provisional surplus of USD 12.2bln
China is said to have room to cut rates, including RRR, in Q3 as the government seeks to complement fiscal measures aimed at supporting the economy, according to Shanghai Securities News
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This incident could lead to elevated oil prices and increased volatility in energy markets as traders reassess risk and security concerns in the region. Watch for potential impacts on WTI and broader commodities, as well as shifts in safe-haven assets like gold and the dollar as sentiment evolves.
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