There are growing numbers of reports from Middle Eastern states and media agencies about a partial resumption of hostilities in the Strait of Hormuz.
- Major US indices are down just under 1%.
- Brent crude is up around 5%, reaching $114 per barrel.
In the morning hours, Iran reported that it hit a US warship with two missiles as it attempted to force its way through the strait. The US side quickly denied these reports via Axios, although the true sequence of events remains difficult to assess.
The United Arab Emirates, via official channels, report that air defenses engaged several ballistic missiles launched from Iran. A fire reportedly broke out at a refinery in the city of Fujairah. Disruptions affected Dubai’s airport.
It remains to be seen whether this is the final act of the conflict before it fades out, or a renewed wave of strikes, partly amid reports of “Project Freedom.” According to Bloomberg, two ships reportedly managed to transit the strait successfully under escort by the US Navy.
OIL (H1)
Source: xStation5
NOK surges following Norges Bank's rate hike
🛢️⬇️Brent crude loses over 11%
Czechoslovak Group: A legendary arms manufacturer under fire of allegations
Daily summary: Conflict escalates again - indices down, oil up
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
