Russia is likely to experience oil production cuts following drone attacks, Reuters reports citing sources
The report of potential oil production cuts in Russia due to drone attacks could signal a tightening of supply in the global oil market, which may drive prices higher.
IRGC say they targeted US-linked steel and aluminium facilities in Gulf states, state media reports; adds that the strikes were a warning and that if Iranian industries are hit again, Tehran’s next response will be more painful
Merck (MRK) starts phase 2b/3 trial evaluating Tiespectus for the treatment of neovascular age-related macular degeneration
Russia is likely to experience oil production cuts following drone attacks, Reuters reports citing sources
The European Commission has approved Merck's (MRK) KEYTRUDA plus Paclitaxel with or without Bevacizumab for the treatment of adults with PD-L1 platinum-resistant recurrent ovarian cancer
OPEC+ is likely to consider a further oil output quota hike at its Sunday meeting to prepare for any easing of Hormuz export constraints, Reuters reports citing sources
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This situation adds a layer of risk for currencies and commodities linked to energy, particularly in environments sensitive to geopolitical tensions. Traders should monitor how this may influence the USD and oil prices in the short term.
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