Kuwait says fires broke out at some energy sites following attacks; includes power stations, resulting in "severe material damage to infrastructure facilities, generation units and fuel tanks"
The reported fires at Kuwait's energy sites following attacks indicate a significant escalation in regional tensions, potentially impacting oil supply stability.
Damage on east-west Saudi Pipeline said to be "limited", following earlier suspected drone attack
Fed's Williams (voter) says monetary policy is “really well positioned” for the Fed to “wait and see” on the economic consequences of war in Iran, speaking with Bloomberg
Kuwait says fires broke out at some energy sites following attacks; includes power stations, resulting in "severe material damage to infrastructure facilities, generation units and fuel tanks"
White House Press Secretary Leavitt says that Lebanon is not part of the ceasefire agreement with Iran, Axios' Ravid reports
US White House pushed Pakistan to broker the Iran ceasefire, believing it being delivered via Pakistan would increase the odds of acceptance; Trump has sought a ceasefire amid oil price concerns since at least March 21st, FT reports citing source
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This could lead to upward pressure on energy prices as markets reassess risk factors and the resilience of supply chains. Investors should monitor the situation closely, as further developments may strengthen safe-haven assets or affect energy equities more broadly.
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