Overview

• Iran fired hypersonic Fattah-1 missiles and launched drone swarms at Israel following renewed Israeli airstrikes on Tehran’s military and nuclear sites.
• President Trump demanded Iran’s unconditional surrender and ordered additional US fighter jets to the Middle East, signaling possible direct involvement.
• Brent crude futures topped $76 per barrel as tanker insurers hiked premiums on Gulf and Red Sea shipping routes.
• Tehran has threatened to seal the Strait of Hormuz, the chokepoint for nearly 20 percent of seaborne oil, raising the risk of global supply disruptions.
• The US Federal Reserve is poised to hold interest rates this week while G7 nations consider coordinated steps to ease market volatility.