Iran's ambassador to Japan says the US and Israel have taken the global energy market hostage, adds no unilateral imposition of peace plan

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UAE Ministry of Defence announced activation of the country's defence system to counter Iran's missile and drone attacks, according to Tasnim

Arab sources report a loud explosion was heard in the capital of the UAE, according to SNN

Iran's ambassador to Japan says the US and Israel have taken the global energy market hostage, adds no unilateral imposition of peace plan

Saudi Arabia’s oil sales to China and India are set to be lower-than-usual levels next month, according to Bloomberg

IRGC has reportedly imposed a de facto ‘toll booth’ regime in the Strait of Hormuz, requiring vessels to submit full documentation, obtain clearance codes and accept IRGC-escorted passage through a single controlled corridor, according to Lloyd's List

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Says

  • Japan is a friend of Iran and Iran trusts Japan.

Context

The latest comments from Iran's ambassador suggest escalating geopolitical tensions, particularly concerning US and Israeli influence over the global energy market. This rhetoric may heighten concerns about supply disruptions, potentially impacting oil prices and related commodities, while also influencing market sentiment towards the USD and safe-haven assets like gold. Traders should be wary of increased volatility as these geopolitical factors unfold.

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