Russia has decided to use its veto against the US-Gulf draft resolution on Hormuz; Russia rejects the chapter VII wording of the draft resolution on Hormuz, via Al Hadath

Russia's veto against the US-Gulf draft resolution on Hormuz signals heightened tension in the region, potentially complicating diplomatic efforts and escalating conflicts over shipping routes. This decision could lead to increased oil prices and fluctuations in risk assets, particularly if it implies a more prolonged geopolitical standoff in a critical energy corridor.