Kremlin says Russia's diesel export ban is intended to support domestic fuel supply.

Oman's energy minister said the Strait of Hormuz will reopen, but this may be short-term.

Nikko Securities expects the BOJ to raise its policy rate from 1.00% to 1.25% on Friday and to lift rates to 1.75% by June 2027. The broker said the BOJ may accelerate tightening to counter upside inflation risk. It flagged the Middle East conflict as a driver of higher oil prices, rising global yields and further yen weakness. If oil rises further and other central banks continue to tighten—heightening yen depreciation risk—Nikko said the BOJ could push rates toward 2.25%.