UAE Ministry of Defence reports air defences currently engaging missile and drone attacks originating from Iran
Newsquawk Staff ·
UAE Ministry of Defence reports air defences currently engaging missile and drone attacks originating from Iran.
What it means
The engagement of air defenses in the UAE against missile and drone attacks from Iran indicates escalating tensions in the region, which could lead to supply disruptions and increased volatility in oil prices. Traders should be cautious as this scenario heightens risks, particularly for WTI, as geopolitical stress often translates to both higher crude prices and shifts in market sentiment towards safer assets.
Sources
- Israel exit poll shows Israeli PM Netanyahu's coalition wins 50 seats, opposition wins 52 seats and Arab-led parties win 18 seats
- Israeli election exit poll: Netanyahu bloc 55 seats; opposition bloc 49; Arab parties bloc 16, i24NEWS reports
- Netanyahu’s Likud Party to be largest in Knesset, reports Channel 12 Exit Poll; no clear winner in Israeli election
- US and Russia are discussing potential postwar business deals, including JV for US oil majors off Sakhalin and resumed sales via the Druzhba pipeline, as part of wider talks to end the war in Ukraine, reports FT citing sources
- CRUDE WRAP: WTI (Z6) SETTLES USD 1.86 LOWER AT 99.90/BBL; BRENT (F7) SETTLES USD 1.33 LOWER AT 109.41/BBL
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