JMIC says there is no confirmed evidence of mines in the Strait of Hormuz

The absence of confirmed evidence of mines in the Strait of Hormuz may ease immediate tensions in the region, potentially reducing the risk premium on oil prices and providing some stability to markets.

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Senior Iranian Military Spokesperson denies that IRGC vessels are located at Iranian "economic ports"

US President Trump says the US military is hitting Iran very hard, and on military action to end the Iranian operation, says more of the same; thinks Cos. should use the Strait of Hormuz

JMIC says there is no confirmed evidence of mines in the Strait of Hormuz

European Closes: Euro Stoxx 50 -0.70% at 5,796, Dax 40 -1.59% at 23,588, FTSE 100 -0.56% at 10,354, CAC 40 -0.19% at 8,042, FTSE MIB -0.95% at 44,773, IBEX 35 -0.53% at 17,352, PSI +0.58% at 9,076, SMI -0.61% at 12,976, AEX +0.05% at 1,003

China reportedly eyes oil reserve expansion as Iran conflict creates supply risk, Nikkei reports; Five-year plan aims to double renewable and nuclear energy

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However, ongoing geopolitical uncertainties could still lead to volatility in energy markets, especially if new developments arise.

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