WTI crude traded above $81/bbl, up 0.7% on the day.

Italy's interior minister said Italy will only lift temporary Schengen border controls on Spain after the risk of a large-scale migrant influx into Ceuta, Spain's North African enclave, is fully resolved.

On the 13th an adviser to Iran's supreme leader posted on social media that if Iran's conditions are not met the supreme leader has made a strategic decision to respond by escalating the conflict. He said recent events show the United States lacks the ability to protect its Persian Gulf allies and urged advancing the "Hormuz Economic Security Mechanism" as the most durable path to a new regional order and to reduce reliance on U.S. military guarantees.