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Geopolitics

Iranian MP says Iran should launch pre-emptive attacks on US interests across the Middle East to force Washington to retreat and break its blockade, Iran International reports citing a statement on X

StockNow breaking-news AI analysis

Iranian calls for pre-emptive strikes follow weekend US-Iran military exchanges and tightening US secondary sanctions, driving crude oil prices higher amid persistent Strait of Hormuz shipping disruptions.

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Geopolitics

Iranian President says that "we will abide by the agreement if America does", Al Jazeera reports citing ISNA; ⁠"Iran will immediately reciprocate if ⁠the US fulfils its commitments under ‌an interim deal signed in June"

Geopolitics

Two oil supertankers were reportedly hit by projectiles in the Strait of Hormuz, reports citing Marisks suggest (details light)

FX/Bonds

[MARKET UPDATE] DXY moves to fresh session highs (99.54), weighing on peers such as EUR & GBP; USD/JPY heads back towards the 160.00 level; move appears to be contained within the FX space