- Oil prices held close to a one-month high on Tuesday, with Brent crude at $88.87 a barrel.
- The US conducted its tenth consecutive night of airstrikes on Iran, despite mediation efforts to secure a 10-day ceasefire.
- A senior Iranian official told Reuters that Tehran had received a proposal from mediators for a 10-day truce, intended to salvage an interim deal signed in June to end the US-Israeli war on Iran.
- The US strikes followed a warning from Donald Trump after American soldiers were killed in Jordan, with Iran subsequently attacking Kuwait.
- Yemen's Houthi government announced a ban on shipping linked to Saudi Arabia, threatening a key oil pipeline route and exacerbating global supply concerns.
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