Iranian Foreign Minister says if the US decides to attack Iran, US bases in the region will be legitimate targets as they consider them US bases, not the soil of their neighbours or territory of any other country
The Iranian Foreign Minister's statement escalates tensions by asserting that US bases in the region would be legitimate targets should an attack occur.
Fed's Musalem (2028 voter, hawk) says inflation is almost a full percentage point above target and the labour market cooling in an orderly way
CME says Globex Metals and Natural Gas futures and options markets have been halted due to technical issues
Iranian Foreign Minister says if the US decides to attack Iran, US bases in the region will be legitimate targets as they consider them US bases, not the soil of their neighbours or territory of any other country
NY Fed RRP op demand at USD 1.16bln (prev. 0.92bln) across 7 counterparties (prev. 17)
US President Trump is reportedly holding a phone call with Ukrainian President Zelensky, according to Axios citing a source
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This rhetoric increases geopolitical risk, particularly in energy markets, as it raises concerns over potential disruptions to oil supplies, which could impact WTI prices. Traders should monitor how this develops, as it could lead to volatility in commodities and related assets.
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