UK government says fuel deliveries continue as normal and there are no confirmed disruption to local fuel supply chains
The UK government's assurance that fuel deliveries are proceeding normally and that there are no disruptions in local fuel supply chains is significant as it suggests stability in the energy sector amid potentially volatile conditions.
Channel 12 citing sources says the Israeli army is providing the U.S. army with intelligence information related to a potential operation in the Strait of Hormuz
Israeli PM Netanyahu stated in private meetings that a possible US-Iran deal won't end fighting with Hezbollah, Israel Hayom reports citing sources
UK government says fuel deliveries continue as normal and there are no confirmed disruption to local fuel supply chains
ECB's Stournaras says ECB would react to a second round of price effects, should conflict in the Middle East be protracted then ECB March baseline scenario is at risk
Various proposals are circulating among diplomats to open the Strait of Hormuz to exports of fertilizer for humanitarian reasons that would be based on a model that has allowed the safe passage of Ukrainian grain amid its war with Russia, WSJ reports
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This likely alleviates concerns over supply disruptions that could impact energy prices and broader market sentiment. Traders should consider how this impacts short-term energy asset valuations and whether it influences oil or gas-related positions.
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