US Secretary of State Blinken: The United States reserves the right to freeze $6 billion in Iranian funds.

US Secretary of State Blinken: Iran’s $6 billion in funds in Qatar have not yet been used.

The U.S. Commodity Futures Trading Commission (CFTC) sued Stephen Ehrlich, co-founder of crypto platform Voyager. Ehrlich violated U.S. derivatives regulations in the lawsuit, which the CFTC accused him of improperly representing to clients the safety of the assets.

US Secretary of State Blinken: Will visit Saudi Arabia, Qatar, the United Arab Emirates and Egypt.

US Secretary of State Blinken: The United States will seek the immediate and unconditional release of the hostages.

Japanese official: G7 reiterated that excessive foreign exchange fluctuations are problematic.

The Central Bank of Nigeria: is committed to expediting efforts to clear up issues on foreign exchange and will continue to engage in dialogue with stakeholders to resolve the issues.

The Central Bank of Nigeria: Will intervene from time to time to increase liquidity in Nigeria’s foreign exchange market.

Market news: Sri Lankan bondholders submitted a proposal to restructure US$12 billion of debt.

According to The Times: Britain will send two Royal Navy warships to the eastern Mediterranean and begin surveillance flights over Israel to show its military support.

According to The Times: Britain is sending Royal Navy ships and reconnaissance aircraft to support Israel.

G7 communiqué: We will closely monitor the price caps imposed on Russian crude oil and petroleum products and take necessary enforcement measures.

Japanese Finance Minister Shunichi Suzuki: Many G7 meeting participants expressed concern and condemnation of the Palestinian-Israeli conflict.

G7 Communiqué: We will explore how any additional revenues derived directly from private entities holding frozen Russian assets can be used for the reconstruction of Ukraine.

Israeli opposition leader Lapid says he will not join an emergency government formed over the ongoing conflict with Hamas.

[Palestinian President Meets with Jordanian King] On October 12, local time, Jordanian King Abdullah II and Palestinian President Mahmoud Abbas met in the Jordanian capital Amman. Both sides emphasized the need to stop the Gaza Strip and the Jordan River The situation in the West Bank has escalated. King Abdullah II of Jordan reiterated that only by achieving a comprehensive and just peace based on the "two-state solution" can regional security and stability be achieved. He said Jordan was intensifying efforts with the regional and international levels to discuss urgent international action to stop the escalation of the situation. He also said Jordan would provide emergency humanitarian and medical assistance to the Gaza Strip.

S&P Global Market Intelligence data shows that the cost of insuring Israeli debt against default reached 109 basis points, the highest level since November 2013.

The U.S. 5-year Treasury bond yield rose 10 basis points to 4.68% during the day.