Iranian Revolutionary Leaders says that Iran will secure the region of the Persian Gulf, RNA reports
The Iranian Revolutionary Leaders' assertion to secure the Persian Gulf region underscores potential geopolitical tensions that could impact oil supply and prices.
US military undertook additional airstrikes, targeting several empty tankers which were attempting to break the blockade en route to Iran, Fox's Griffin reports
UBS (UBSG SW) CEO says Europe will continue to fall behind Asia and the US until politicians are forced into action by a severe crisis, adds that over-regulation has driven the decline in Europe, FT
Iranian Revolutionary Leaders says that Iran will secure the region of the Persian Gulf, RNA reports
US PRE-MARKET MOVERS: CRWV, AKAM, MCHP, IREN, COIN, NKE
US Non Farm Payrolls (Apr) 115K vs. Exp. 73K (Prev. 178K, Low. -15K, High. 150K); Two month net revisions -16k (prev. -7k), February -23k to -156k, March +7k to 185k
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This statement may heighten concerns over stability in the region, leading to risk premium in WTI and other commodities, particularly if tensions escalate or disrupt supply chains. Traders should monitor how this impacts market sentiment and energy prices moving forward.
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