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US Market Open: Crude rises as a US base in Kuwait and multiple vessels in the Gulf gets struck
A US base in Kuwait was reportedly struck; UKMTO received a report of an incident 20 nautical miles northeast of Oman's Al Khasab. Additionally, a dry bulk carrier was reportedly hit by a projectile near the Strait of Hormuz. Iranian President said Tehran would defend its borders but does not seek to expand the war, according to state media.10yr JGB futures saw two-way trade, in which it briefly fell over 60 ticks on a weak 10yr JGB auction, before trimming losses.US equity futures are modestly higher, with PLTR and ON benefiting from strong earnings.DXY regains the 100.00 handle, USD/JPY…
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