Greek shipowner sends its largest supertanker through Hormuz during Iran war, likely transiting with transponder off; headed to China, Bloomberg reports
The movement of a significant Greek supertanker through the Strait of Hormuz, especially with its transponder allegedly turned off, raises concerns about regional tensions amid the ongoing Iran conflict.
Canadian Housing Starts (Mar) 235.9K vs. Exp. 255K (Prev. 250.9K)
BoE Chief Economist Pill says there is a need to be cautious about overreacting to high-frequency developments, noting a different view from financial markets; does not think inflation expectations have become de-anchored
Greek shipowner sends its largest supertanker through Hormuz during Iran war, likely transiting with transponder off; headed to China, Bloomberg reports
US Treasury Secretary Bessent says US-Japan alliance is vital to global economic security
Al Hadath posts "Footage of what appears to be an Israeli raid on the Lebanese border"
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This could impact oil supply perceptions and catalyze volatility in WTI prices, especially as it heads towards China, a critical buyer. Traders should watch for market reactions in oil and related commodities as geopolitical risks heighten.
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