MSCI ACWI & Abu Dhabi National Oil Company

MSCI ACWI: MSCI's broadest index of Asia-Pacific shares outside Japan lost ground due to fresh drone attacks in the Gulf and rising oil prices, reflecting global market concerns.

Abu Dhabi National Oil Company: Abu Dhabi National Oil Company is a major oil producer affected by the Strait of Hormuz closure, impacting its export capacity and operations. It is building a second pipeline to mitigate this.

MSCI ACWI: MSCI ACWI's broadest index of Asia-Pacific shares outside Japan advanced, showing mixed market reactions to the geopolitical news.

Abu Dhabi National Oil Company: Abu Dhabi National Oil Company, the UAE's state oil firm, indicated that full oil flows through the Strait of Hormuz would not return before the first or second quarter of 2027, even if the conflict ended immediately.

MSCI ACWI: Global equities have been affected by the conflict and inflation worries.

Abu Dhabi National Oil Company: ADNOC is working to move oil from inside the strait and has issued tenders, benefiting from higher prices.

MSCI ACWI: The MSCI ACWI fell slightly after hitting a fresh record high, reflecting the mixed global market sentiment.