Oil prices have surged, with Brent crude exceeding $80 a barrel, following new threats from Iran to disrupt shipping in the Strait of Hormuz. This crucial waterway, through which approximately 20% of global oil and gas passes, has seen shipments halt after recent vessel attacks.

• Oil prices rose by over 3.2% for Brent crude and 2.6% for US-traded oil.
• Key figures involved include an adviser to Iran's Islamic Revolutionary Guard Corps (IRGC) and U.S. officials like Secretary of State Marco Rubio.
• The cost to transport oil has also significantly increased, with supertanker hire rates reaching an all-time high.

Disruptions continue across the Middle East's aviation sector, with a limited number of flights resuming from the United Arab Emirates following widespread cancellations due to ongoing conflict.

• Over 4,000 flights a day have been cancelled across the region, affecting hundreds of thousands of passengers.
• Airlines including Etihad Airways and Emirates are operating select flights, prioritizing customers with earlier bookings.
• Airspace closures in Qatar and groundings affect a significant percentage of flights to affected nations, including Israel, Bahrain, the UAE, and Qatar.

Amazon Web Services (AWS) has confirmed that drones struck three of its facilities in the UAE and Bahrain on Sunday morning. The incidents followed US and Israeli strikes against Iran over the weekend.

• Two UAE facilities were hit directly, while a drone strike near a Bahrain facility caused physical damage.
• Amazon's cloud computing business, AWS, is working to restore services and has advised customers to back up data and potentially migrate workloads.
• These strikes highlight the vulnerability of critical technology infrastructure during military conflicts, with AWS warning of an unpredictable operating environment in the Middle East.

A senior Iranian military advisor has stated that armed forces will prevent any oil exports through the Strait of Hormuz.

• Iran has declared the Strait of Hormuz "closed."
• Ebrahim Jabbari, an advisor to the chief commander of Iran’s Islamic Revolution Guards Corps (IRGC), issued the warning.
• Iran also threatened to target oil pipelines in the region and stated that the United States will not receive any oil.

Paris stocks continued their decline on Tuesday, extending previous losses as geopolitical tensions in the Middle East escalate. The benchmark CAC 40 index saw a significant drop amid heightened market risk aversion.

• The CAC 40 index was down 2.71 percent, or 227.75 points, at 8,166.57 points by 13:00 p.m.
• The United States and Israel launched strikes against Iran, with the Trump administration claiming attacks could last weeks.
• Inflation risks surged as Iran announced the closure of the Strait of Hormuz, causing Brent crude to jump about 9 percent to over 85 U.S. dollars per barrel.