Malaysian Economy Minister says El Nino could potentially reduce rainfall by 40-60% in some states; could reduce crop yields by 8-10%
Argus Media's Nader Itayim notes "As most Gulf countries have had to slash crude output due to the de-facto closure of the Hormuz strait... Oman's crude exports rose to a new ATH in May"
Newsquawk Daily US Opening News - 11th June 2026
Malaysian Economy Minister says El Nino could potentially reduce rainfall by 40-60% in some states; could reduce crop yields by 8-10%
Three energy tankers are reportedly heading for an Asian exit via the Strait of Hormuz, Al Jazeera reports
Israeli Foreign Ministry says Hezbollah's drone launch at Israel is a blatant ceasefire violation, Al Hadath reports
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