Tasnim Agency reports, citing sources, US President Trump will lose the Bab al-Mandab Strait should he decide to take action against the Strait of Hormuz
The report suggests potential escalation in tensions surrounding critical maritime routes, specifically the Strait of Hormuz, which could have significant implications for global oil supply and pricing.
Saudi Aramco's crude sales to China is set to half next month to around 20mln barrels, Bloomberg reports citing sources
Newsquawk Daily European Equity Opening News - 13th April 2026
Tasnim Agency reports, citing sources, US President Trump will lose the Bab al-Mandab Strait should he decide to take action against the Strait of Hormuz
IRGC warns the approach of military vessels toward the Strait of Hormuz is a breach of the ceasefire, IRNA reports
Israeli forces carry out two airstrikes near Choukine in southern Lebanon
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A loss of control over the Bab al-Mandab Strait might signal a shift in U.S. foreign policy, impacting investor sentiment across commodities, currencies, and equities. Traders should monitor how this develops, as it could lead to increased volatility in oil prices and risk assets.
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