Philippines says Iran has assured safe passage of vessels
This assurance from Iran regarding safe passage of vessels holds significance for energy markets, particularly concerning shipping routes for oil, which could impact WTI prices.
Goldman Sachs (GS) Paris staff allowed to work remotely on Thursday after attempted attack on BofA (BAC), Reuters reports
Several explosions in Bahrain; US positions have been targeted, Mehr news reports
Philippines says Iran has assured safe passage of vessels
BofA Global Research expects the BoE to deliver two 25bp rate hikes in June and July 2026 (vs prior forecast of cuts in June and September); expects the BoE to deliver three 25bp rate cuts in April, July and November 2027
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If confidence in maritime security improves, it may ease upward pressure on premiums and supply concerns that have been affecting commodities. How markets respond will likely depend on further developments in regional tensions and compliance with global shipping norms.
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