The sound of explosions was heard in Basra, Iraq, Tasnim reports

The reports of explosions in Basra, Iraq, signal a potential escalation in tensions or conflict in the region.

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The sound of explosions was heard in Basra, Iraq, Tasnim reports

Two Lebanese officials said their government has not heard about a potential meeting in Washington, DC, next week, CNN reports

Kuwait Army says we are currently dealing with hostile attacks from drones that have breached the country's airspace, Al Arabiya reports; targeted some vital facilities

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This situation could have implications for oil prices and broader risk sentiment, particularly if it leads to further instability or escalates into larger unrest. Traders should watch how this develops and consider the ramifications for commodity assets and safe havens.

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