The Malaysian ringgit rose to 4.420 against the dollar, a gain of as much as 1.5%, its highest level since late April 2023.

Nasdaq futures continued their decline, falling 2.54%; S&P 500 futures fell 1.61%.

Both U.S. and Brent crude oil prices fell by more than 1.2% during the day and are now trading at $72.52 per barrel and $76.36 per barrel, respectively.

The Malaysian ringgit rose 1.3% during the day, hitting its highest level since May 2023.

S&P 500 futures extended losses to 1%.

Both U.S. crude oil and Brent crude oil opened up by $0.3, at $73.76 per barrel and $77.46 per barrel respectively.

Saudi Arabia cut the price of its Arab Light crude oil to Europe to its lowest level since 2020.

Market News: The Turkish government warns its citizens to avoid traveling to Lebanon.

In a call with US Secretary of State Antony Blinken, the Iraqi prime minister said preventing an escalation in the region was closely linked to curbing Israel’s “aggression” against Gaza.

The National Hurricane Center: Tropical Storm Debbie is expected to rapidly strengthen into a hurricane before making landfall in the Big Bend region of Florida and pose a significant flood threat to the southeastern United States.

Israeli Prime Minister Netanyahu: If enemies attack Israel, they will pay a heavy price.

Israeli Defense Minister Galant: If anyone dares to attack, they will pay a heavy price.

Israeli Defense Minister Galant: Israel is ready to respond and attack quickly.

At least 25 Palestinians were killed in Israeli air strikes on two schools near Gaza City, the official Palestinian news agency reported.