Pakistan and Iraq have struck agreements with Iran to transport liquefied gas and oil via the Strait of Hormuz amid shipping risks, according to sources
Newsquawk Staff ·
Pakistan and Iraq have struck agreements with Iran to transport liquefied gas and oil via the Strait of Hormuz amid shipping risks, according to sources.
What it means
Pakistan and Iraq's agreements with Iran to transport liquefied gas and oil via the Strait of Hormuz highlight a strategic move amidst rising shipping risks. This could impact global energy supplies, potentially influencing prices for crude oil and gas, while also affecting currency flows related to commodity-linked currencies like the USD and JPY. Traders should watch for volatility in energy markets and related currencies as these developments unfold.
- US and Israeli militaries have reportedly developed plans for renewed strikes on Iran after the US midterm elections, targeting energy infrastructure, nuclear facilities and missile and drone arsenals, NYT reports, citing sources
- US Market Wrap: Stocks gain as tech earnings begin
- US waives Russian diesel tax record requirements for buyers
- CRUDE WRAP: WTI (Z6) SETTLES USD 0.67 LOWER AT 97.15/BBL; BRENT (X6) SETTLES USD 0.03 HIGHER AT USD 108.82/BBL
- Ukrainian President Zelensky says supports US proposal for trilateral talks at level of negotiators as soon as possible; Ukraine hopes for meeting not later than early November; Meeting could discuss peace and possible leaders’ summit
Related headlines
- [MARKET UPDATE] Risk-on trade seen at 12:39EDT/17:39BST with desks citing OFAC authorising offloading of some cargo involving some blocked vessels; Downside in oil, equity futures hit new session highs, gold and bonds rallied, while USD saw pressure6 hours ago
- Israeli helicopters flying in the sky of southern Syria, and continued transfer of military forces, equipment and deployment of early warning systems, are being carried out within the framework of preparation for a possible war with Iran, reports Mizan7 hours ago
- PRE-MARKET JAPANESE AND SOUTH KOREAN STOCK NEWS: Japan's health ministry halts new Tavneos use, questions Kissei approval data; Mitsubishi Corp approves US copper mine; Samsung Electro-Mechanics joins NVIDIA substrate supply chain22 min ago
- PRE-MARKET AUSTRALIAN STOCK NEWS: CSL names new CEO and faces class action; Fortescue Q1 sales hit by CMRG talks; Garda upgrades FY27 guidance on AUD 300mln portfolio sale1 hour ago
- US President Trump says on embassy staff told to depart, says don't know that they are; we continue to beat Iran3 hours ago
- US President Trump says he had a good meeting on cyber; On embassy staff told to depart, says don't know that they are3 hours ago
- Canadian PM Carney says he spoke to US President Trump on Wednesday for quite some time; he discussed a wide range of issues with US President Trump, including Iran4 hours ago
- US President Trump says closest they've ever been to settling Ukraine/Russia war4 hours ago
- Saudi Civil Aviation says King Fahd Airport in Dammam was attacked on Wednesday evening, Al Arabiya reports1 hour ago
- Explosions were reportedly heard in Iran's port city of Sirik, with claims that US forces struck an anti-ship missile launcher targeting vessels in the Strait of Hormuz, Israel's Channel 12 reports2 hours ago
- New Zealand CPI (Q3 QQ) 0.7% vs. Exp. 0.8% (Prev. 1.5%); Y/Y 3.7% vs Exp. 3.8% (Prev. 4.1%)2 hours ago
- Newsquawk Daily US Earnings Estimates - 22nd October 2026: BX, LMT, VLO, PG, UNP, WDC, NEM, SPOT7 hours ago
- Lam Research (LRCX) Q1 2027 (USD): Adj. EPS 2.20 (exp. 2.18), Revenue 8.22bln (exp. 8.13bln), 3 hours ago
- Meta Platforms Inc (META) Q3 2026 (USD): EPS 3.83 (exp. 6.67), Revenue 64.6bln (exp. 63.31bln)3 hours ago
- Meta (META) must pay USD 25bln in penalties, a New Mexico judge ruled after jury found company misled consumers about privacy6 hours ago