UK PM Starmer spoke with US President Trump and discussed the need to reopen the Strait of Hormuz
Starmer's discussions with Trump about reopening the Strait of Hormuz signal an attempt to alleviate tensions that could impact global oil supply routes.
Iraqi pro-Iranian military group Kata'ib Hezbollah extends pause on US embassy attacks by five days but warns of a response if attacked, according to AFP
Activist investor Elliott Investment Management has a multibillion-dollar stake in Synopsys (SNPS), according to WSJ
UK PM Starmer spoke with US President Trump and discussed the need to reopen the Strait of Hormuz
[MARKET UPDATE] US index futures declined at the open and oil futures began higher with WTI crude briefly climbing above USD 100/bbl after the US and Iran exchange threats over the weekend, with Trump announcing a 48-hour ultimatum to open Hormuz
Sound of heavy bombing was heard in Isfahan and Khorramabad, according to a report cited by Iran International
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This is particularly crucial as any escalatory moves in the region could lead to heightened energy prices, affecting risk sentiment across equities and currencies. Watch for shifts in commodity prices, particularly oil, as this situation develops.
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