Iraq's Kataib Hezbollah says they will release abducted American journalist Shelly Kittleson, and has to leave Iraq immediately

The announcement from Iraq's Kataib Hezbollah regarding the release of the American journalist suggests a potential easing of tensions in the region, which may influence sentiment towards risk assets.

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Iraqi Cabinet authorises Iraqi oil tankers company to lease available tankers in Gulf for storage or other uses to extend refinery operations when sales are not possible

Iran Government Spokesperson Mohajerani says "The door to dialogue will be opened with respect. The narrow door of threats, intimidation, and humiliation is not the way in."

Iraq's Kataib Hezbollah says they will release abducted American journalist Shelly Kittleson, and has to leave Iraq immediately

Russia and China used the veto despite all of the watered down language due to this also coinciding with Trump’s threats today and don’t want to be seen as siding with any force/military rhetoric, Al Jazeera's Biesan reports citing sources

Air defences have been activated over Tehran with fighter planes flying on low altitude over the city, according to Borna News Agency

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While this is a positive development, the demand for immediate departure indicates ongoing volatility, and traders should be cautious about broader implications for U.S.-Iraq relations and regional security. Monitor for any further developments that might impact energy prices or safe-haven flows.

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