Iran denies its armed forces struck a South Korean ship in the Strait of Hormuz, AFP reports
Iran's denial of striking a South Korean ship in the Strait of Hormuz suggests a potential de-escalation of tensions in a crucial shipping area.
A drone crashed into an oil storage facility in a Latvian town close to the Russian border, according to LSM
LME's CEO says it is ready to expand its suite of approved warehouses in Hong Kong
Iran denies its armed forces struck a South Korean ship in the Strait of Hormuz, AFP reports
Hezbollah has announced that it carried out 17 operations targeting Israeli military positions and troop movements in southern Lebanon on Wednesday in response to Israeli attacks and ceasefire violations
Philippine's Economic Minister says controlling inflation, even if it will cost growth, is not necessarily bad
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Given the strategic importance of the Strait for oil transportation, this development could stabilize energy markets, particularly affecting WTI prices and risk sentiment in the region. However, continued vigilance is warranted as diplomatic relations remain complex and volatile.
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