UN agency is reportedly preparing evacuation plan from Strait of Hormuz for hundreds of ships, Bloomberg reports
The reported evacuation plan by the UN agency from the Strait of Hormuz signals a potential escalation in geopolitical tensions in a critical maritime corridor for global oil shipments.
ECB's de Guindos says high market valuations, private credit and fiscal policy are among the financial stability risks; monetary policy must be prudent, should keep a cool head
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UN agency is reportedly preparing evacuation plan from Strait of Hormuz for hundreds of ships, Bloomberg reports
Switzerland's FINMA says UBS (UBSG SW) emergency plan "still needs work"
Gunvor Head of Research Lasserre says oil markets are "one month away from tank bottoms"
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This development could lead to heightened uncertainty in oil prices and affected trades in commodities, as well as potential safe-haven buying in currencies like the USD or JPY.
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