US-listed Brazilian stocks pared losses; Petrobras was down 15.8%, Itau Unibanco 20.5%, Banco Bradesco 28.6%, Embraer 4.8% and Nu Holdings 20.4%.

Aramco is close to securing a $10bn loan facility with multiple international banks to bolster liquidity amid Middle East conflict risks to oil exports, sources said. The revolving credit line is expected to be signed in the coming weeks and will be syndicated among banks including Citigroup, HSBC, JP Morgan and MUFG. Pricing is expected at SOFR +60bp. Aramco's last revolving facility, in 2024, was split into a $7bn tranche arranged by US/European/Asian lenders and a $3bn Murabaha-funded tranche provided by regional banks.

UK Prime Minister Burnham said he would not propose rejoining the EU during this parliamentary term.