IRGC says no commercial vessels or tankers have passed through the Strait of Hormuz in recent hours, Fars reports
The absence of commercial vessels and tankers in the Strait of Hormuz highlights a potential escalation in geopolitical tensions, which could affect oil supply dynamics.
Hezbollah rejects the ceasefire and announces that they will resist the buffer zone implemented in Southern Lebanon by the Israeli military
Brazillian President Lula to travel to the US shortly to meet with US President Trump, O Globo reports. Details are being finalised. Expectation is for the meeting to occur no later than next week.
IRGC says no commercial vessels or tankers have passed through the Strait of Hormuz in recent hours, Fars reports
Kazakhstan has lifted its oil and gas condensate output in April to 2.17mln BPD, +16% M/M, sources report
US Factory Orders MoM (Mar) M/M 1.5% vs. Exp. 0.4% (Prev. 0%)
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This may lead to increased volatility in energy markets, likely pushing up prices for crude and impacting currency flows, particularly in commodity-linked currencies like the CAD and NOK. Traders should prepare for heightened risk sentiment and possible shifts in market positioning in response to any further developments.
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