Iran parliament speaker Ghalibaf said Iran’s oil and gas production chain in the area is widely distributed, easily accessible and lacks protection, leaving U.S. oil and gas firms operating in the waters and facilities similarly exposed. He warned that attacks on Iranian assets would be met with strikes on U.S. assets, saying Iran has already demonstrated this and pointing to bases that are no longer operational.

Bank of Korea said rising interest rates are putting households that have reached borrowing limits at risk and making credit stress more likely to spread within households.

Saudi foreign minister Faisal spoke by phone with UK foreign minister Miliband to discuss recent developments in the Middle East and stressed the importance of de‑escalation, the Saudi foreign ministry said. They reviewed bilateral ties and discussed regional and international developments and their implications for security and stability, including strengthening diplomatic efforts to reduce tensions, enhancing international waterway security and ensuring freedom of navigation.