International Energy Agency & United Kingdom — Bank of England

International Energy Agency: The International Energy Agency has warned about rapidly declining commercial oil stocks and the significant supply disruption caused by the effective closure of the Strait of Hormuz due to the Iran war.

United Kingdom — Bank of England: The United Kingdom — Bank of England is scheduled to have a rate-setting meeting next week, following the ECB's rate hike in response to inflation.

International Energy Agency: The International Energy Agency has warned about historically low global oil inventories due to the conflict, highlighting the broader economic impact of the Strait of Hormuz closure.

United Kingdom — Bank of England: The United Kingdom — Bank of England is expected to make a decision on interest rates, following other central banks, as markets await economic updates.

International Energy Agency: The International Energy Agency has warned about the severe global energy shock caused by the conflict, highlighting the potential for the market to enter a 'red zone' due to summer fuel demand and lack of Middle East supply.

United Kingdom — Bank of England: The United Kingdom — Bank of England is expected to hold interest rates steady amid inflation concerns, a separate market event.