Iran is responding to the threat of a ground operation by bolstering defences around its largest oil port, while threatening to attack a wider array of targets around the Gulf and launching a mass recruitment drive including children, according to WSJ

Iran's military preparations in response to perceived threats can heighten tensions in the Gulf, potentially disrupting key oil supply routes.

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PRE-MARKET CHINESE STOCKS NEWS: Chinese RatingDog Services & Composite PMI data is scheduled today, while Hong Kong markets are closed

Japanese Finance Minister Katayama says Japan has signalled its willingness to respond firmly to FX market fluctuations, adds prepared to respond on all fronts, bearing in mind that this volatility is affecting people's lives

Iran is responding to the threat of a ground operation by bolstering defences around its largest oil port, while threatening to attack a wider array of targets around the Gulf and launching a mass recruitment drive including children, according to WSJ

Japanese S&P Global Composite PMI Final (Mar) 53.00 vs. Exp. 52.50 (Prev. 53.9)

Japanese S&P Global Services PMI Final (Mar) 53.4 vs. Exp. 52.8 (Prev. 53.8)

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The escalation in rhetoric and defense strategies could lead to increased premiums in crude prices, particularly for WTI, as markets assess risks to oil production and shipments in the region.

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