Russia has suspended maritime traffic through the crucial Don-Azov channel, a key route for grain exports, following a reported Ukrainian attack on Russian vessels in the Sea of Azov.
Ukrainian President Volodymyr Zelenskiy announced the formation of a new military command dedicated to long-range strikes, formalizing a strategy that has already disrupted Russian energy infrastructure and commodity exports.
Former President Donald Trump announced the end of a ceasefire with Iran but confirmed talks would proceed, following a week of escalating military strikes in the Strait of Hormuz that have driven oil prices higher.
Former President Donald Trump announced the end of a month-old ceasefire with Iran following renewed attacks in the Gulf, though he said talks would continue. The escalation has sent oil prices to their largest weekly gain in eight weeks.
Several major currency pairs, including EUR/USD and USD/JPY, are set for significant options expiries on Wednesday, potentially influencing spot prices around key strike levels according to DTCC data.
The British pound weakened against a broadly stronger U.S. dollar, driven by safe-haven demand amid rising oil prices from Middle East tensions and anticipation of hawkish Federal Reserve meeting minutes.
The British pound fell against the U.S. dollar on Wednesday, as rising oil prices and geopolitical risk fueled safe-haven demand for the greenback ahead of the release of Federal Reserve meeting minutes.
The deal reportedly ends a four-month suspension of U.S. currency deliveries, which were halted over concerns the funds were being diverted to Iran in violation of American sanctions.
Government bond yields in the Eurozone surged Wednesday, led by short-term debt, as escalating U.S.-Iran tensions drove oil prices higher and investors braced for minutes from a more unpredictable U.S. Federal Reserve.
