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Commodities

Shipping data shows Tankers loaded 4mln barrels of Saudi Crude in ship-to-ship transfer off Oman; cargoes heading for China

StockNow breaking-news AI analysis

Crude oil prices dropped on talks between Iran and Oman to manage the Strait of Hormuz, though shipping risks and cautious analyst views on flow normalization remained.

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Geopolitics

Iranian Army says areas east of the Strait of Hormuz, north of the Indian Ocean, the Arabian Sea, and the Oman Sea are under our operational control, Al Jazeera reports

Politics

ECB's Schnabel says rates must increase further on inflation risks and ECB must prevent second round effects early on, Bloomberg reports

Global Markets

Samsung Electronics (005930 KS) and SK Hynix (000660 KS) are expected to expand the 8-speed ratio in the shipment of the 6th generation high bandwidth memory to NVIDIA (NVDA), according to ZDNet Korea

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