WTI crude oil futures rose above $80 per barrel, up 0.53% on the day.

Conflict Update 1. Iran strikes US military communications systems and fuel storage tanks at the Azraq base in Jordan. 2. Iran's Revolutionary Guard claims to have struck US military concentrations at the Ali Salim Air Base in Kuwait. 3. Iran's Supreme Joint Military Command: If Trump continues to threaten attacks on Iranian infrastructure, Iran will target all infrastructure in the region. 4. Israeli military: Nighttime attack and destruction of four Hamas terrorist weapons storage facilities. 5. Iran: US attack on children's cancer center, committing war crimes. 6. Iran secretly orders Houthi rebels to block the Bab el-Mandeb Strait if the US attacks power facilities. 7. Iran claims to have found the wreckage of a downed US MQ-9 drone. 8. Israeli military: Hamas "still controls" Gaza. Our mission in Gaza is not over. 9. Dubai Media Office denies reports of explosions in Dubai. 10. US strikes Iran for the sixth consecutive night. 11. Iranian media reported that US forces attacked several airports, railway hubs, and bridges within Iran. US-Iran Negotiations 1. The White House stated that Iran is still in dialogue with the US. 2. Iranian Foreign Ministry: Regarding the memorandum of understanding, Tehran's position has been clear from the beginning: we adhere to the principle of "commitments for commitments." Strait of Hormuz 1. Iranian Parliament Speaker: The Strait of Hormuz is a pillar of Iran's national security. 2. Iraq and Syria will jointly build a transnational oil pipeline to bypass the Strait of Hormuz. 3. Iran: The Strait of Hormuz will not be reopened due to US pressure. Other Developments 1. Israeli Prime Minister's Office: The memorial service for US Senator Graham will be postponed until the end of this month; therefore, Netanyahu will not travel to the US next week. 2. The US State Department approved an arms sale agreement to Saudi Arabia and a support plan for Kuwait, totaling approximately $2.5 billion. 3. Russian security officials: US actions against Iran and Venezuela are aimed at controlling the energy market. 4. The Israeli government approved a budget plan to advance the construction of Jewish settlements in the West Bank. 5. The US is reportedly spending as much as $100 billion on the war in Iraq. 6. The Houthi rebels: Saudi Arabia is aiding and abetting the war and must be punished. 7. Israeli media: Israel will produce its own version of the Joint Direct Attack Munitions (JDAM) within two years. 8. Sources: A drone collided with an oil tanker at the Basra port in Iraq, causing no damage or fire. Following the incident, crude oil shipments at all Iraqi oil loading terminals have been suspended.

SpaceX (SPCX.O) canceled today’s Starship test flight.