Qatari and Pakistani officials pointed to progress on Oman-Iran talks
U.S. forces had fired on a vessel attempting to breach the Iranian port blockade
EMERGING ASIA
Nothing new for the market as the Middle East picture remains dire. There are definitely talks going in the background but the condition seems to be unacceptable for both sides. Market participants have begun to realize that and see correction in risk asset. Oil will likely be north bounded as we are heading to continual supply disruption.