Spot palladium fell 3% intraday to $1,229.42 per ounce.

Per Axios, President Trump said he has been considering resuming strikes on Iran. He said US forces are assisting large oil transits through the Strait of Hormuz and that last weekend’s flows were the highest since the outbreak of the war — over 20 mln barrels. A US defense official confirmed about 22 mln barrels were exported via the strait on Friday night.

Refinitiv reported on the 27th that British police evacuated residents from multiple homes near Welford, close to RAF Fairford — a base the UK allowed US forces to use for strikes on Iran after a large-scale US and Israeli operation on Feb. 28. Several men were arrested on suspicion of offences under the Explosive Substances Act and military explosive experts were examining vehicles. Authorities moved residents to a nearby leisure centre and said the incident was under control; police would not confirm whether the arrests were linked to activity at Fairford.