UK government appoints loyalists to fill gaps filled by government resignations, via UK press
The UK government's appointment of loyalists following recent resignations signals a consolidating power dynamic, which may impact political stability and policy continuity.
India, Japan and most European nations joined the Hormuz Strait draft resolution, while 112 countries back the resolution, according to Al Jazeera
US Private Inventory Data (bbls): Crude -2.2mln (exp. -2.3mln), Distillates -0.3mln (exp. -1.3mln), Gasoline +0.5mln (exp. -2.5mln), Cushing -1.8mln
UK government appoints loyalists to fill gaps filled by government resignations, via UK press
US President Trump says when the fake news says that the Iranian enemy is doing well, militarily, against us, it’s virtual treason in that it is such a false, and even preposterous, statement
US NEC Director Hassett says this is a temporary energy shock, Fox Business reports; Trump is confident the Strait of Hormuz will be open soon; on SPR, we're releasing as fast as possible
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This move could affect market sentiment, particularly in relation to the GBP and risk assets, reflecting investor confidence or concerns regarding governance moving forward.
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