Part of strait of Hormuz is closed for hours due to drills, Iranian TV reports
The closure of part of the Strait of Hormuz due to military drills could potentially escalate tensions in the region, impacting global oil supply dynamics.
Production at Kazakhstan's Tengiz oil field gradually increasing, reports suggest; details light
Commander of Iran's IRGC says if it comes to closing the Strait of Hormuz, this force will carry out the operation in the shortest possible time
Part of strait of Hormuz is closed for hours due to drills, Iranian TV reports
Sanofi (SAN FP) and Teva’s duvakitug phase 2b maintenance data demonstrated clinically meaningful durable efficacy in ulcerative colitis and Crohn’s disease
The negotiations on Ukraine in Geneva will start within an hour, a part of the Russian delegation will also arrive at the negotiation site soon, reports suggest
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As this strait is a vital passage for oil shipments, market participants should stay alert for volatility in energy prices, particularly WTI and Brent crude, as well as safe-haven assets like gold. The geopolitical implications could also affect currency markets, where movements in USD and JPY may be pronounced due to risk sentiment shifts.
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