Oil prices spike on early markets as traders price in regional risk
Wire services report Brent crude moved sharply higher in early electronic trading as the missile launch and reported airspace closures fed concerns about supply through the Strait of Hormuz and wider regional shipping lanes. Energy desks at major banks have flagged the move as a typical risk-premium reaction rather than a supply shock at this stage. NSEM is monitoring movements in oil, gold, and major currency pairs through the trading hours.