Head of the Iranian Parliament News Agency says Iran informed the countries of the region, led by the UAE, that if the war is renewed, Iran will direct devastating strikes against oil wells, Al Mayadeen reports
The warning from the Iranian Parliament suggests a significant escalation in geopolitical tensions, particularly concerning Iran's stance on regional conflicts.
Packaging Corp (PKG) planning price increases along with International Paper (IP), according to reports
Sides between US and Iran remain far apart, however, on the substantive issues of reopening the Strait of Hormuz and Iran's nuclear programme, WSJ reports, citing sources, an indication negotiations will continue to be fraught
Head of the Iranian Parliament News Agency says Iran informed the countries of the region, led by the UAE, that if the war is renewed, Iran will direct devastating strikes against oil wells, Al Mayadeen reports
Iran's Rahimi to Al-Mayadeen, says the negotiations were not conducted by telephone as Trump claims, but rather through the Pakistani mediator and sometimes through an exchange of messages with Iran's FM Araqchi
NY Fed RRP op demand at 0.607bln (prev. 8.261bln) across 5 counterparties (prev. 12)
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This could have immediate implications for oil prices, as threats of strikes on oil infrastructure may heighten supply risk perceptions in the market.
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