Vessel traffic continues under IRGC supervision, IRIB reports; has been about 100 hours since calm was restored in the Strait of Hormuz and no clashes were reported during these four days
The IRGC's continued supervision of vessel traffic in the Strait of Hormuz, following a period of calm, suggests a stabilization of the situation, but it also reflects ongoing tensions.
South Korean President Lee to meet with Chinese VP He Lifeng, Blue House reports
Iran State Department spokesperson says can assure you that its armed forces are prepared for any scenario
Vessel traffic continues under IRGC supervision, IRIB reports; has been about 100 hours since calm was restored in the Strait of Hormuz and no clashes were reported during these four days
A memo between the US and Ukraine outlines the terms of a defense deal between the two countries, CBS reports; It would allow Ukraine to export its military tech to the US and manufacture drones in joint ventures with American companies
"Israeli Channel 12: Estimates in Israel that Houthis [Yemen] launched two drones towards Eilat, Israel", Al Jazeera reports
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As there have been no clashes reported for several days, this may provide some relief to oil markets; however, traders should remain cautious as any signs of renewed conflict could lead to volatility, especially for oil and risk assets. Keep an eye on oil prices today as sentiment fluctuates with geopolitical developments.
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