[Israeli Military Says It Detected Missiles Launched From The Direction Of Iran, Air Raid Sirens Sound In Multiple Locations] The Israel Defense Forces Issued A Statement Early On The 4th Local Time, Saying That It Detected Missiles Launched From The Direction Of Iran And That The Air Defense System Is Intercepting Them. Air Raid Sirens Sounded In Multiple Locations In Northern And Southern Israel

[JPMorgan: Continued Closure Of Strait Of Hormuz Could Force Iraq And Kuwait To Soon Halt Crude Oil Exports] JPMorgan Predicts That Iraq And Kuwait Will Be Forced To Shut Down Their Crude Oil Supplies, Which Normally Pass Through The Strait Of Hormuz, In Approximately 3 Days And 14 Days Respectively. Analysts, Including Natasha Kaneva, Wrote That By The Eighth Day Of The Strait's Closure, Approximately 3.3 Million Barrels Per Day Of Crude Oil Production Will Be Shut Down; This Will Increase To Approximately 3.8 Million Barrels Per Day By The 15th Day; And To Approximately 4.7 Million Barrels Per Day By The 18th Day. These Estimates Only Apply To Crude Oil And Do Not Include Refined Products. The Bank Notes That This Is A Conservative Estimate And Does Not Include Some Oil Reserves In The Persian Gulf Or Unallocated Empty Ships That May Be Diverted To Either Country