• Oil held its largest gain in more than a week on rising tensions in the Middle East, with a fresh attack on shipping in the Red Sea prompting vessels to avoid the key shipping route.
• West Texas Intermediate traded above $75 a barrel after rising by 2.7% on Tuesday, with global benchmark Brent near $81. The vessel MSC United VIII was attacked while en route to Pakistan from Saudi Arabia, despite the US and a number of other nations forming a maritime task force to deter such strikes.