"Hearing the sound of huge Kuwaiti explosions in Basra, Iraq", via Tasnim
The reported explosive sounds in Basra, Kuwait could signal an escalation in regional tensions, potentially impacting oil supply dynamics.
US Pre-Market Movers: SNDK, MU, SLNO, DOW, LYB, NFLX
Citi sees the Fed cutting rates starting from September (prev. June)
"Hearing the sound of huge Kuwaiti explosions in Basra, Iraq", via Tasnim
Three potential IG borrowers on Monday, Bloomberg reports citing the daily informal survey; driven by a desire to get in ahead of the Tuesday deadline announced by Trump re. Iran
Satellite images show a massive fire across oil fields in the United Arab Emirates, via Fars News; namely the Habshan, Asab and Bu Hasa oil and gas fields
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Traders should monitor any market reactions in oil and safe-haven assets, as heightened geopolitical risk often leads to increased volatility in these sectors.
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