Iranian military source reiterates that the Strait of Hormuz remains closed, Fars reports
The reiteration that the Strait of Hormuz remains closed is significant as it heightens tensions in a critical shipping route for global oil supply.
Yemeni Houthi commander says Saudi Arabia faces two options: either lift the blockade and stop its intervention or continue escalating, which will cost it a lot, Al Mayadeen reports
The Lebanese army enters Zawtar al-Gharbiya as part of the first phase of the pilot zones, Al Hadath reports; Israeli troops departed the area
Iranian military source reiterates that the Strait of Hormuz remains closed, Fars reports
UK Employment Change (May) 147K vs. Exp. 85.0K (Prev. 100K)
UK Public Sector Net Borrowing Ex Banks (Jun) -16B vs. Exp. -19.8B (Prev. -23.3B)
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This development could lead to increased volatility in oil prices and other risk assets, impacting traders' strategies in the commodities and energy sectors. Moreover, the persistent closure may signal a durable regime shift in regional dynamics, warranting close monitoring of geopolitical developments.
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