Saudi Arabia and Ukraine sign defence procurement memorandum
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Trump administration officials has begun warning countries that U.S. weapons supplies to Ukraine may be interrupted in the coming months as the Pentagon prioritizes their use for the war in Iran, via Politico
Iran's Khondab heavy water research reactor targeted in air attack, Fars News reports; no causalities and no danger threatens residents in Area
Saudi Arabia and Ukraine sign defence procurement memorandum
White House expects Iranian response to 15-point proposal today, CBS reports, citing sources; President Trump and top White House officials have been told that Iran's counter-proposal would likely arrive Friday via interlocutors
CVC (CVC NA) is said to explore divestments for Recordati (REC IM) after takeover, Bloomberg reports; could consider a sale of Recordati’s rare-diseases arm as one of the alternatives
On the Newsquawk feed at , 20 minutes before this page.
Context
The signing of a defense procurement memorandum between Saudi Arabia and Ukraine signifies a potential shift in military alliances and arms trade dynamics. This could lead to increased geopolitical tensions, particularly affecting energy markets and commodity prices, as regional stability often influences supply and demand factors in these sectors. Traders should keep an eye on potential ramifications for oil and natural gas markets, given the heightened risks associated with this development.
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