IRGC says two tankers were hit near the Strait of Hormuz, and that the Strait of Hormuz is closed, while it also says US radar and defence systems in Bahrain were destroyed
The incident involving the IRGC stating that two tankers were hit and that the Strait of Hormuz is closed could represent a significant escalation in tensions in the region.
Japan's Trade Minister Akazawa says many unknowns around Saudi naval blockade and deterioration in Middle East situation is concerning, although he added that they have secured sufficient oil supply for Japan as a whole
Samsung Electronics (005930 KS) is to set up a robotics division and research bases in the US, China and Japan
IRGC says two tankers were hit near the Strait of Hormuz, and that the Strait of Hormuz is closed, while it also says US radar and defence systems in Bahrain were destroyed
[CALENDAR ADDITION] US President Trump is to meet with Lebanon's President 11:15EDT/16:15BST on Tuesday
New Zealand's Finance Minister says it is unwelcome to see global oil prices rising and expects that oil impacts pump prices domestically
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This situation likely raises concerns around oil supply disruptions, with implications for crude prices and overall geopolitical stability, particularly affecting risk sentiment in energy markets.
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