On the 4th May, a Chinese oil tanker was attack in the Strait on Hormuz, Caixin reports
The attack on a Chinese oil tanker in the Strait of Hormuz highlights rising tensions in a crucial oil transport route, which could lead to supply disruptions.
Explosions were heard on the outskirts of Erbil, Iraqi Kurdistan, Al Mayadeen reports
UK S&P Global Construction PMI (Apr) 39.7 vs. Exp. 46.2 (Prev. 45.6)
On the 4th May, a Chinese oil tanker was attack in the Strait on Hormuz, Caixin reports
UAE intends to cut relations with the Arab League, Nournews reports
Palliser Capital has reportedly begun building a stake in FTSE-100 firm Autotrader Group (AUTO LN) and pushing for it to set out plans to return up to GBP 700mln to shareholders alongside full-year results this month, Sky News reports
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Given the significance of this region for global energy markets, traders should monitor potential impacts on oil prices, particularly WTI, and consider implications for geopolitical risk premiums across commodities. This situation could also affect broader market sentiment towards risk assets.
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