IDF launches a wave of strikes on infrastructure targets across Iran
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Iran media reports major attacks on Tehran and explosions heard in Kerman, southeast of the country
PBoC injects CNY 20.5bln via 7-day reverse repos with the rate at 1.40%
IDF launches a wave of strikes on infrastructure targets across Iran
PBoC sets USD/CNY mid-point at 6.8898 vs exp. 6.8773 (Prev. 6.8975)
Saudi officials see the base case for oil to rise to USD 180/bbl if the disruptions persist until late April, according to WSJ
On the Newsquawk feed at , 20 minutes before this page.
Context
The IDF's strikes on Iranian infrastructure mark a significant escalation in regional tensions, which could lead to supply disruptions in oil markets. This action is likely to support higher WTI prices as geopolitical risks have historically created volatility in energy commodities. Traders should closely monitor developments, as further escalations may affect broader risk sentiment across asset classes.
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