To mitigate supply disruptions, the White House issued a 60-day Jones Act waiver to allow foreign vessels to transport oil and gas between U.S. ports, while China halted refined petroleum exports to prioritize its own energy security.

In the markets, Gold and Silver saw a brief recovery to $4,480 and $67 respectively after a five-day pause in planned U.S. strikes on Iranian infrastructure. However, both metals remain near multi-month lows as investors price in a "higher for longer" interest rate environment.

Equity sentiment is mixed, with the S&P 500 showing rare levels of downside hedging despite record-high AI infrastructure investment. Looking ahead, focus shifts to flash PMI data and inflation reports from Japan and Australia to gauge the full extent of the recent energy shock.

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