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Commodities

Kpler's Bakr says "with Middle East Gulf exports constrained and storage pressures building, Russian crude on water, SPR releases, and delayed US supply responses offer only a very small and short lived partial relief"

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Geopolitics

US Treasury official says the latest removal of sanctions on Iran is not indicative of any shift in US policy toward the Government of Iran, Fox's Heinrich reports

Fed

Fed's Kashkari (2026 voter, Hawkish dissenter) says now is the time to start slowly moving up rates, but not calling for dramatic rate hikes

Geopolitics

Arab sources report missile attack on Bahrain, Fars reports