Bank of America strategist: Risk-loving markets are ignoring inflation danger signals.

Shipping data shows that at least four oil tankers have been diverted from the Red Sea following U.S. and British air strikes in Yemen.

Brent crude oil stood at US$80 per barrel, up 2.46% on the day.

Omani Foreign Minister: The US and UK attacks on Yemen go against our recommendations and will only add fuel to an extremely dangerous situation.

Brent crude oil prices hit $80 after air strikes on Houthi rebels in Yemen.

Azerbaijan Ministry of Energy: Oil production reached 48.2 barrels per day in December.

Spot gold stood at $2,040 per ounce, up 0.57% on the day.

Government sources said that the United States and Britain asked Italy if it was willing to participate in the fight against the Houthis. Italy refused to participate, saying it needed parliamentary approval. It is reported that Italy hopes to adopt a "stability" policy in the Red Sea region rather than military confrontation.

Kremlin spokesman: Russia has repeatedly urged the Houthis to stop attacks on shipping.

Kremlin Spokesperson: We condemn the US and UK attacks on Houthi targets in Yemen.

Myanmar military junta spokesman: Plans to further discuss and strengthen ceasefire.

Maritime and Port Authority of Singapore: Singapore’s container throughput reached an all-time high of 39.01 million TEU in 2023.

U.S. oil company stocks rose before the U.S. stock market opened as the escalating situation in the Red Sea drove up oil prices. Occidental Petroleum (OXY.N) rose 1.3%, Chevron (CVX.N) rose 1.14%, and Exxon Mobil (XOM.N) ) rose 0.94%, and Schlumberger (SLB.N) rose 1.02%.

Market news: Russia plans to use legal means to prevent the seizure of its frozen foreign exchange reserves. Russian officials said that the seizure of foreign exchange reserves is unlikely.

Belgian Foreign Minister: Belgium is working with its EU partners and US allies to restore maritime security in the region and avoid any (risk) spillovers.