Spot silver fell more than 2.00% intraday to $58.65/oz.

Kuwaiti Armed Forces said it is currently intercepting hostile aerial targets in Kuwaiti airspace.

Iranian foreign ministry spokesman BAGHAEI said Iran and Oman's foreign ministers met in Muscat on the 11th to discuss a coordination mechanism for navigation and transit management of the Strait of Hormuz. Legal and technical delegations attended; talks covered shipping safety, sovereignty, international law and Article 5 of the Islamabad MoU. BAGHAEI said Iran insists future navigation-management arrangements should be negotiated bilaterally with Oman and should fully account for recent months' US and Israeli military actions and their impact on Hormuz shipping safety. Iran and Oman agreed to continue political, legal and technical consultations to reach a common understanding; Qatar participated in parts of the discussions.