現貨白銀日內漲幅擴大至2%，現報59.48美元/盎司。

Pakistan State Oil posted an urgent tender for one LNG cargo for delivery July 15-16, with bids due Friday. Traders said the tender was approved Wednesday after a Qatar shipment scheduled for this month was canceled. Shipping through the Strait of Hormuz has been near-stalled following a second consecutive day of US strikes on Iran; earlier this week a vessel carrying Qatari gas to Pakistan halted transit. Pakistan sources almost all LNG via long-term contracts with Qatar and has faced energy shortfalls since the late-February Middle East conflict; it has purchased two costly spot cargoes in recent weeks to plug supply gaps.

Elliot Hentov, chief macro policy strategist at State Street Global Advisors, said renewed escalation in the Middle East is unlikely to fundamentally alter the market outlook. Since April there has been little new evidence on either side’s willingness to escalate; neither side appears to seek a full resumption of hostilities, so the conflict may eventually subside. In SSGA’s spring war scenario the firm assumes Brent crude near $80/bbl for the remainder of the year to reflect residual risk under any ceasefire.