Morning Juice – Europe Session Prep

Good Morning Traders.
It is Monday the 13th of April. Here is what to look out for today.

Sentiment
President Donald Trump said the US will begin a full naval blockade of the strategic Strait of Hormuz and threatened to retaliate in the event of Iranian resistance, escalating a standoff that has already brought the waterway to a near standstill and disrupted global energy supplies. Oil and natural gas surged as the US moved to blockade the Strait of Hormuz after weekend talks between Washington and Tehran failed to reach a deal, escalating a global energy crisis that’s shaken markets. Peter Magyar, Hungary’s next prime minister, outlined sweeping changes after ending Viktor Orban’s 16-year rule in a landslide election victory that will redefine the country’s ties with the European Union, Russia and the US administration of President Donald Trump. Japan’s 10-year government bond yield climbed to its highest level since 1997, as tensions in the Middle East escalated after President Donald Trump said the US will begin a full naval blockade of the strategic Strait of Hormuz.

Docket
08:00 ET
OPEC Monthly Report