Iran has resumed commercial flights from Tehran’s international airport for the first time since the conflict with the U.S. and Israel began. The peace deal market is trading with a sub-market of $427 in USDC daily, making it vulnerable to sharp moves. Any formal statement of progress in U.S.-Iran talks, particularly involving intermediaries like Qatar, would move the peace deal markets fast.
SLB is seeking to recover higher costs from customers after the US-Israeli war on Iran and the effective closure of the Strait of Hormuz disrupted global supply chains. The company's first-quarter profit fell due to disruptions in the Middle East. However, analysts anticipate increased demand for oilfield services following post-war repairs.
The United States sanctioned a Chinese refinery for purchasing Iranian crude oil, part of a broader effort to restrict Iran’s oil exports amid the ongoing US-Israel conflict. The sanctions target a network of shipping companies involved in transporting Iranian oil, aiming to reduce Tehran’s revenue. This action is likely to increase tensions ahead of President Trump’s planned visit to China.
Spain rejected US pressure regarding the deepening NATO rift over the Iran war, maintaining its stance and refusing to allow US forces to use its territory. The Spanish government stated its commitment to allied collaboration while adhering to international law, criticizing US-Israeli actions in the conflict. US President Donald Trump expressed concerns about NATO member support for American operations and the Strait of Hormuz.