[MARKET UPDATE] Crude continues to climb and print fresh highs with gains of c. USD 0.50/bbl, latest bout of action driven by IRGC commentary re. missile stockpiles and readiness
Crude prices are rising sharply, gaining around USD 0.50 per barrel, likely influenced by recent comments from the IRGC about missile stockpiles and readiness.
Alibaba (BABA/9988 HK) is reportedly to invest in Montage's share sale in Hong Kong
[MARKET ANALYSIS] JPY mildly firmer amid the latest jawboning
[MARKET UPDATE] Crude continues to climb and print fresh highs with gains of c. USD 0.50/bbl, latest bout of action driven by IRGC commentary re. missile stockpiles and readiness
Iranian Revolutional Guard Aerospace Commander says "our missile stockpile has increased since June 2025"; at highest level of readiness to respond to any attack
[MARKET ANALYSIS] DXY is slightly lower whilst the JPY benefits somewhat from continued jawboning
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This geopolitical tension could signal supply risks, elevating concerns over oil stability, which might lead to sustained price support. Traders should watch for further developments that could impact market sentiment and price movements.
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