IRGC say they targeted the American army bases "Ahmed Al-Jaber" (Kuwait), "Ali Al-Salem" (Kuwait), and "Al-Kharj" (Saudi Arabia), Al Mayadeen reports

The IRGC's announcement of targeting U.S.

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Brazilian Industrial Production YoY (Feb) Y/Y -0.7% (Prev. 0.2%)

Brazilian Industrial Production MoM (Feb) M/M 0.9% (Prev. 1.8%)

IRGC say they targeted the American army bases "Ahmed Al-Jaber" (Kuwait), "Ali Al-Salem" (Kuwait), and "Al-Kharj" (Saudi Arabia), Al Mayadeen reports

[DESK UPDATE] Easter Schedule: Given the ongoing Middle East conflict and the US NFP report on Good Friday, the desk will operate as usual across Good Friday (April 3rd), Easter Monday (April 6th) and the surrounding days

US BROKER MOVES: WING upgraded at Piper Sandler; RTX upgraded at Melius

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Context

military bases in Kuwait and Saudi Arabia raises tensions in the region, potentially impacting oil supply security. This could lead to a risk-off sentiment in markets, with investors seeking safe-haven assets such as gold or certain currencies. Keep an eye on crude prices, as heightened geopolitical risks often drive WTI fluctuations.

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