Iran's President Pezeshkian says Islamic countries should stay united and not allow enemies to sow division and inflame the fire of war
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Iranian media reports explosions in central and southern Iran
India's Oil Minister says government has taken a huge hit on tax revenues to ensure very high losses of oil companies at the time of sky-high international prices are reduced
Iran's President Pezeshkian says Islamic countries should stay united and not allow enemies to sow division and inflame the fire of war
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Japanese Trade Minister Akazawa says firms are mulling oil supply sources such as Central Asia, and not ruling out any options for all supply sources
On the Newsquawk feed at , 20 minutes before this page.
Context
Iran's President Pezeshkian's call for unity among Islamic countries amidst rising tensions highlights the delicate balance in regional geopolitics. This message could contribute to caution in the oil markets, as any sign of unrest or division can strain supplies and elevate WTI prices. Traders should monitor how this sentiment impacts broader market sentiment and energy prices.
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