Shanghai International Energy Exchange issued a notice setting the benchmark listing price for low-sulfur fuel oil options contracts.

Middle East analyst Luciano Zaccara said that despite ongoing mediation, Iran and the US appear unwilling to return to negotiations. He said both sides have declared they will retaliate if attacked, creating a self-perpetuating cycle of reprisals with no end in sight. Zaccara added that stepped-up sanctions and a maritime blockade appear insufficient to achieve Trump's aim of strangling Iran's economy, and that direct attacks on vessels and oil facilities have also become an additional pressure tool.

USD/JPY fell 0.50% intraday to 153.19.