US sanctions seven Iran-backed Iraqi militia leaders;
The US imposing sanctions on specific Iranian-backed militia leaders reflects rising tensions in the region and signals a strong stance against groups perceived as threats to American interests.
Saudi Foreign Minister and US Secretary of State discuss efforts to ensure Strait of Hormuz remains open
CRUDE WRAP: WTI (M6) SETTLES USD 10.84 LOWER AT USD 83.85/BBL; BRENT (M6) SETTLES USD 9.01 AT 90.38/BBL
US sanctions seven Iran-backed Iraqi militia leaders;
Fed's Waller (voter) says compared to 70's shock, central bankers understand importance of inflation expectations
US President Trump says Iran has agreed to everything, and will work with US to remove enriched Uranium from Iran, via CBS News; insisted that doing so will not involve US ground troops
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- Sanctions on leaders of Kataib Hezbollah, Sayyid al-Shuhada, Harakat al-Nujaba, and Asaib Ahl al-Haq
- US Treasury Secretary: We will not allow Iranian-backed militias in Iraq to threaten the lives of Americans.
This decision could lead to increased instability in Iraq and potentially impact oil prices and regional security dynamics, making commodities and risk-sensitive assets particularly sensitive to further developments.
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