Saudi Arabia, UAE and Israel report Iranian drone and missile attacks, according to CBS
The reports of Iranian drone and missile attacks against Saudi Arabia and the UAE underscore rising tensions in the Middle East, which could disrupt regional stability and energy supplies.
[MARKET UPDATE] Sentiment sours in Asia-Pac as oil prices extend on gains with WTI crude testing USD 115/bbl to the upside, while US index futures and spot gold are dragged lower
Morgan Stanley cuts its China 2026 GDP growth forecast to 4.7% due to oil shock
Saudi Arabia, UAE and Israel report Iranian drone and missile attacks, according to CBS
South Korea's envoy is to visit Kazakhstan, Oman and Saudi Arabia as South Korea seeks to secure oil supplies amid the Hormuz disruptions
Large barrage of missiles were reportedly headed for Bahrain, with air raid sirens and alerts in multiple areas.
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This escalation is likely to strengthen demand for safe-haven assets like gold and the USD, while potentially creating volatility in oil and gas markets as traders react to supply concerns.
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