US Ambassador Waltz says US and Gulf Arab nations are drafting a UN Security Council resolution to condemn Iran for blocking the Strait of Hormuz
The US move to draft a UN resolution condemning Iran could heighten tensions in the region, particularly influencing energy markets given the Strait of Hormuz's critical role in oil transport.
M&T Bank (MTB) says CRE demand turned “really strong” since March, with over USD 1bln of production in March, and “really strong April”
Israeli cities and towns are to prepare for the possibility of the conflict resuming, Al Hadath reports citing Yedioth Ahronoth
US Ambassador Waltz says US and Gulf Arab nations are drafting a UN Security Council resolution to condemn Iran for blocking the Strait of Hormuz
[MARKET ANALYSIS] DXY flat into key data, AUD lags post-RBA, JPY resides back above 157.00
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If this escalates, we might see a risk premium added to WTI prices, and potential shifts in trade flows and security dynamics in the Gulf. Traders should monitor for any immediate market reactions as geopolitical developments unfold.
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