Iranian Foreign Minister says Washington will regret targeting Iranian frigate in international waters, according to Sky News Arabia

This statement from Iran's Foreign Minister signals a potentially escalatory stance regarding U.S.

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Japanese oil refiners have reportedly asked the government to release oil from national reserves, Bloomberg reports; also discussing the use of oil stored in tanks leased to oil-producing countries in case of emergency

Australian government has deployed military assets as part of contingency planning to assist Australians stranded in the Middle East, according to The Guardian

Iranian Foreign Minister says Washington will regret targeting Iranian frigate in international waters, according to Sky News Arabia

[MARKET UPDATE] WTI crude futures extend on today's best levels with further upside seen in after Israel's military announced a fresh widespread wave of strikes on Tehran

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military actions in the region, which could lead to increased tensions. Such rhetoric often affects market sentiment, particularly in oil and currency markets, as investors may seek safe havens amid uncertainty. Keeping an eye on how this unfolds is crucial for anticipating any shockwaves across asset classes.

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