Iranian politician affiliated with Resistance Front of Islamic Iran, Mohsen Rezaei says they will not leave the Strait of Hormuz until the full realisation of Iran's rights, adds that this time, Iran has set preconditions
This statement highlights increasing tensions in the Strait of Hormuz, a critical chokepoint for global oil supply.
Australia's Energy Minister reports that a fire at Viva Energy's (VEA AT) refinery is still not under control, while diesel and jet fuel output continues, but refinery fire may hit petrol production more
Newsquawk Daily Asia-Pac Opening News - 16th April 2026
Iranian politician affiliated with Resistance Front of Islamic Iran, Mohsen Rezaei says they will not leave the Strait of Hormuz until the full realisation of Iran's rights, adds that this time, Iran has set preconditions
Lebanese officials say a ceasefire between Israel and Lebanon is expected 'soon', according to FT
Two Israeli officials said the meeting of the political security cabinet ended without a decision on a ceasefire in Lebanon, according to Axios's Ravid
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Iran's insistence on preconditions may bolster geopolitical risk, potentially leading to spikes in oil prices, particularly WTI, as markets react to fears of disruptions. Watch for how this affects energy sector sentiment and positioning in commodities-related assets.
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