The Reserve Bank of New Zealand lifted the official cash rate by 25 basis points to 2.75% from 2.5%. The move was widely expected by the market.

The US military struck about 100 Iranian targets on Tuesday, focusing on radar, mine-laying and anti-ship missile capabilities to weaken Tehran’s long-standing ability to threaten shipping through the Strait of Hormuz. Officials said the operation could reduce the threat level for at least a month. About 40 vessels transited the strait safely on the day of the strikes. Markets judged that near-term supply disruption risks have eased.

Bank of Japan Governor Kazuo Ueda suggested the central bank could raise interest rates further, while stressing the need to watch the cumulative risks from past moves. He said the rise in long-term yields is largely a global phenomenon rather than a signal of domestic policy. The remarks did not alter market expectations for a September rate hike.

Bank of Japan Governor Kazuo Ueda did not deny market pricing for a September rate hike, a stance traders interpreted as the central bank being comfortable with current tightening expectations. He also said central banks need closer communication as the global environment shifts. Ueda suggested that policy divergence could trigger volatility in currency and interest-rate markets.

US Central Command said it struck Iranian air-defence and naval facilities in response to an attempted mining incident in the Strait of Hormuz. Crude prices have climbed through the week, reaching their highest level in more than a month, as markets price in a prolonged disruption to exports rather than a quick de-escalation. Traders are focusing on how the standoff may unfold, including the scale of a US naval blockade around Iranian ports and the risk of further mining attempts in the strait.

A technical glitch has delayed the EIA’s release of U.S. oil production data, leaving traders and policymakers without the government’s most detailed official readings for at least several weeks. The gap covers U.S. crude output, imports, exports and state-level production. With the Strategic Petroleum Reserve at a 44-year low and Strait of Hormuz shipping still disrupted by the U.S.-Iran conflict, the missing data is seen as especially important. The Weekly Petroleum Status Report will continue to provide top-line inventory and supply figures, so the market will still have broad guidance.