Overview
- Brent trades a little above $102 per barrel and WTI near $96 as the Iran conflict persists and doubts grow that Tehran will ease pressure linked to the Strait of Hormuz.
- The DAX is roughly flat near 23,500 after a modest rebound and remains down about six percent since the war began.
- The policy backdrop centers on IEA-coordinated reserve releases—immediate in Asia and Oceania and from late March in the Americas and Europe—alongside Fed, ECB, BoE and BoJ meetings this week with no rate moves widely expected.
- Two Indian-flag LNG tankers reportedly received supervised passage through the Strait of Hormuz following New Delhi’s diplomacy, offering a limited supply signal.
- UniCredit submitted a share-swap bid for Commerzbank valued at about €30.80 per share, lifting the target’s stock in early trading.