Saudi foreign ministry says Iran attacked a Saudi tanker transiting the Strait of Hormuz.

YONHAP reports South Korea's Defence Acquisition Program Administration on Tuesday publicly showcased prototypes of domestically developed drone engines, aimed at reducing reliance on foreign technology. Officials said two engine models are in development, assemblies are complete and they are undergoing ground tests. Project completion would enable fully domestic production of unmanned aerial vehicles.

WTI crude rose 4.00% intraday to $71.32/bbl; Brent touched $75.00/bbl, up 4.09% intraday. The U.S. Treasury revoked Iran crude sales licenses.