Missile bombardment targets US military base for logistical support at Baghdad airport, according to Al-Haddath
The reported missile bombardment targeting a US military base in Baghdad underscores rising tensions in the region, which could lead to heightened risk sentiment among investors.
Oil executives warned the Trump administration the energy crisis will likely worsen and that the closure of the Strait of Hormuz might push up oil prices further, according to WSJ
[MARKET UPDATE] Oil prices begin higher with WTI crude Apr'26 contract climbing above USD 100/bbl following US striking Iran's Kharg Island oil export hub, but left oil infrastructure intact
Missile bombardment targets US military base for logistical support at Baghdad airport, according to Al-Haddath
Iran's media operations centre warns residents in specific areas of Dubai and Doha of possible attacks in the coming hours, while it stated that US military personnel are hiding in locations in Doha and Dubai and urges residents to evacuate immediately
New Zealand Electronic Retail Card Spending YoY (Feb) Y/Y 1.5% (Prev. 0.4%)
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Given the potential for escalation, traders should watch for impacts on oil prices and safe-haven assets such as gold and USD, as well as any geopolitical shifts that could affect broader market stability.
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