Technologies
Best iPhone 12 Cases for 2023
There’s no shortage of choice when it comes to the best iPhone 12 cases.
As advanced as phone screens are, it’s still frustratingly easy to break them. Sure, it’s a couple years old now, but you likely paid a lot of money for your iPhone 12, and that investment needs quality protection. Dents, scratches and cracks are your phone’s enemies. A great phone case is essential to keep them at bay. Here’s a list of the best iPhone 12 cases available today.
Read more: Best MagSafe and Magnetic iPhone Accessories for 2023
The iPhone 12 has what Apple describes as “an array of magnets” embedded around a charging coil that can pull up to 15 watts of power. That’s twice as powerful as wireless charging on previous iPhones, but on par with the power that many Android phones can draw from standard Qi wireless chargers. So, the best iPhone 12 case will support the 15-watt charging speeds while protecting your phone.Â
To get the 15-watt charging speeds, you’ll need an Apple MagSafe charger or an Apple-approved MagSafe charger from a third-party accessory-maker, but your phone will still charge at up to 7.5 watts with standard wireless chargers that support that speed or higher. Most of the cases on this list are compatible with wireless charging and some are Apple-certified MagSafe cases with integrated magnets. Also, check out our list of best MagSafe and magnetic wireless chargers for the iPhone 12.
Read more:Â Best Eco-Friendly iPhone 12 and 12 Pro Cases
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I have expensive tastes, and I personally like Speck’s Presidio2 Armor Cloud (white model on the right in the photo). But the Presidio2 Pro (gray case in the photo) is also excellent. If you want an apple clear case, Speck has several models for iPhone 12 case to choose from, including the Presidio Perfect-Clear with Grips.Â
All the new models have very good drop protection (13 to 16 feet, depending on the model) as well as Speck’s Microban antimicrobial protection.Â
Amazon
If you’re looking for a cheap clear case for your iPhone 12, Spigen’s Ultra Hybrid is a good value at around $12 to $15, depending on the trim color and which version of iPhone 12 you have (yes, there are a few color options).
No drop rating is listed for the case, but Spigen’s transparent cases feel like they offer reasonable protection. If you want a tough case with stronger protection, the Spigen Tough Armor case is an option for $17, but I personally prefer Spigen’s Ultra and Neo Hybrid cases. Note that a lot of these cheaper clear cases have a habit of turning yellow and degrading over time (and becoming less translucent), but they’re cheap enough that you probably won’t mind shelling out for a replacement case for your Apple iPhone if that happens.
David Carnoy/CNET
I’ve recently become a fan of Clckr’s cases, which feature a built-in stand and grip strap that folds out and clicks into place on the back of your phone. Clckr sells just the stand-strap accessory to stick on the back of your phone or on a case, but the case with the integrated stand accessory is better and comes in a few different styles, including clear (I like the Saffiano blue but it’s currently only available in black).
The cases aren’t rugged but they’re protective enough, with raised edges to protect the screen. The one I’ve used with my iPhone 11 Pro for the last four months has held up well.Â
With the stand clicked in place, you can use your device hands-free in either portrait or landscape mode. Note that you can wirelessly charge your phone with this case on, though you have to be more careful about placing it in the right spot on a wireless charging pad for it to work. The new models have antimicrobial protection.
David Carnoy/CNET
There are plenty of inexpensive clear cases and iPhone 12 accessories on Amazon. It seems to be a perfectly good clear case that offers decent protection with raised edges. Whether it will yellow over time, I can’t tell you, but it seems like a good value.
David Carnoy/CNET
I only recently learned that Cyrill is a sister brand to Spigen and its cases are arguably slightly better, although they cost a few bucks more. We’re linking to the Leather Brick case, pictured here in tan and navy (it’s faux “vegan” leather), but the Silicone case (pictured in light blue) and transparent Cecile cases are also good. The Silicone case is basically a knockoff of the Apple Silicone case without the MagSafe feature.
Amazon
OtterBox’s super protective Defender series case is available for all the iPhone 12 models with Magsafe compatibility, but most people want something less bulky. The Symmetry series is slim with beveled edges, making it a good mix of sleek and protective. A raised bumper helps act as a screen protector.Â
Multiple color options are available, including clear, and I’m digging the clear version of the Symmetry Plus Pop case, pictured in the middle, which integrates a PopSockets PopGrip and is wireless charging-compatible, which is important.Â
OtterBox’s Commuter case offers slightly more protection and is also pretty slim and has grips on the back.
David Carnoy/CNET
Brooklyn, New York-based Casely makes “cute and protective” cases that have a variety of graphic artists behind their designs. The cases usually cost $25, but the online store often offers discounts.
David Carnoy/CNET
MagSafe accessories will still stick to your phone if you have a standard thin case, but not nearly as well as if you use one of Apple’s MagSafe cases, which have their own set of embedded magnets that line up with the magnets in your phone.
Apple’s Clear Case with MagSafe is nice because it allows you to show off your phone’s colored finish and the embedded markings tell you exactly where to attach the MagSafe charger for optimal charging speeds (you apparently need Apple’s 20-watt USB-C charging to get the maximum 15-watt wireless charging speeds). The only issue with the clear case is that it leaves the bottom of your phone exposed.
If that bothers you, the Silicone case (pictured, left) with MagSafe is the better option. It works the same way as the Clear case does, with an embedded magnet ring, you just can’t see it. The Silicone case is available in eight color options.
MagSafe stuff isn’t cheap, but it is fun to play with magnetic objects and they do offer some conveniences. The bottom line is that if you do want to try MagSafe accessories and to protect your phone with a case, you’re best off with one directly from the Apple Store, or another MagSafe-certified case.
David Carnoy/CNET
KerfCase has been making handmade wooden cases for a while, and its new Plywood case is not only more durable but less expensive than some, starting at $50, with 6-foot drop protection and a limited lifetime repair warranty. I like it better than other wood cases I’ve tried. It’s also worth noting that Apple’s MagSafe charger will stick to the back of it, and KerfCase sells matching charging docks for the Apple MagSafe charger (yes, it’s an accessory for an accessory).
David Carnoy/CNET
British case-maker Gear4, now owned by Zagg, makes cases that are right up there with OtterBox and Speck, all of them lined with the company’s D3O shock-absorbing material and featuring beveled edges to protect your phone. My favorites include (from left to right) the Wembley Palette, Crystal Palace Iridescent, Battersea and Piccadilly. All of them are rated for 13-foot drop protection and the Battersea is rated for 16 feet.Â
David Carnoy/CNET
X-Doria’s Raptic cases come in a variety of styles and cost a little less than competing premium cases from Speck and OtterBox. The thicker Raptic Shield (pictured on left) costs $30 while the Raptic Air (pictured on right), which I personally like, is $30. The Shield has 10-foot drop protection while the Air is rated for 13-foot drop protection. Both have an antimicrobial treatment.
David Carnoy/CNET
Casetify is known for eye-catching designs on the back of a clear case. They’re relatively slim, sleek-looking cases that offer decent protection and come in a variety of design patterns, with some definite appeal to teenagers. Some of the designs are hit-or-miss but I liked the samples I got. I should note that prices appear to have gone up.Â
David Carnoy/CNET
Rokform’s been making tough iPhone cases for years and aside from their durability, their key feature is the ability to use them with various mounts — including bike and motorcycle mounts — that are sold separately. I personally prefer the Crystal series but the Rugged case is slightly more, well, rugged.Â
Rokform’s cases have removable magnets and they’re compatible with wireless charging if you remove the included center magnet. “With the lower magnet still intact, you can still wireless-charge while utilizing magnetic mounting and all of our mounts,” Rokform says.
David Carnoy/CNET
BodyGuardz was initially known for its screen protectors, but in recent years it’s put out some interesting iPhone cases. I personally like the $40 Harmony (pictured left), which has a more square bottom. The Stack (picture in the middle) is $20 while the Avenue (on right) is $45. They come in a few color options.
David Carnoy/CNET
Smartish’s affordable, simple, slim cases and wallet cases return for the iPhone 12. The Wallet Slayer 2.0 case (pictured on left and right) costs a little more now ($25) but comes in a variety of designs. It holds three credit cards plus cash and you can use one of your credit cards as a kickstand.
Smartish also sells a simple translucent case for $15.
David Carnoy/CNET
UK-based Torro makes some nice leather-clad cases that aren’t too expensive (a leather case typically tends to cost over $50). The Torro Leather Bumper ($38) is a pretty straightforward bumper case with a leather back while the leather Wallet Case ($40) is a bit swankier overall, has a magnetic clasp and multiple card slots and converts into a stand for video viewing. It’s one of the better folio wallet cases you’ll find for the money. Both leather case options are available in multiple colors.
David Carnoy/CNET
Like Lifeproof, Catalyst made a name for itself with waterproof cases, but it now focuses on standard protective case options and has two new models for the iPhone 12: the Vibe (left) and the Influence (right), which has a see-through frosted back. Both cases have perforations on the corners that allow you to attach various accessories (sold separately), such as lanyards and carabiners. The Vibe is rated for 10-foot drop protection while the Influence is rated for 15 feet.
David Carnoy/CNET
I’ve always liked Moshi cases and the company’s made versions of its iGlaze, Altra and Vitros cases (pictured from left to right) for the iPhone 12, 12 Pro, 12 Mini and 12 Pro Max. The Altra is the most distinct-looking and has a geometric rubber finish that makes your phone nice and grippy. It also includes a lanyard. Not pictured is the Overture (coming soon), a two-in-one folio wallet case. You fit your iPhone into a slim shell case that then magnetically adheres to the cover, which has slots for storing credit cards and cash. Moshi’s cases range in price from $25 to $50.
David Carnoy/CNET
Nomad makes a line of nice iPhone 12 Horween leather case styles that are designed to develop a “rugged” patina as the oils from your skin interact with them over time. The new Rugged leather case options are available in black, brown and a lighter natural color that I like. They’re rated for 10-foot (3-meter) drop protection.Â
David Carnoy/CNET
I’m personally not a crossbody case guy (meaning a case with a long strap so you can wear your phone like a purse), but some people love them. You can find some fancy ones out there that cost a lot of money, but if you’re looking for something simpler, the Smartish Crossbody case is around $30 and comes in multiple colors. The iPhone case design incorporates some faux leather and the case offers decent protection along with three slots for storing up to five credit cards and cash in the wallet compartment. You can choose to go with a shorter hand strap or the longer adjustable crossbody strap.
David Carnoy/CNET
Incipio has an assortment of cases for the iPhone 12 lineup, including the sturdy Duo with 12-foot drop protection, the Slim, the Grip and the Organicore, an eco case that’s 100% compostable. All are available in multiple color options, and the Slim comes in a variety of translucent options.
David Carnoy/CNET
You know all those compact discs you no longer listen to? Well, Nimble makes translucent iPhone cases out of them. They’re a little pricey at $40 but some of us like the idea of protecting the latest technology with recycled technology and don’t mind paying a little extra for that. They have antimicrobial protection, are scratch-resistant and aren’t supposed to turn yellow over time. While the Disc Case is slim, it’s rated for 6-foot drop protection.Â
David Carnoy/CNET
Case-Mate makes a variety of color cases, some of which have glitter integrated into their translucent designs. I only got a look at the twinkle ombre iPhone case, but the iridescent soap bubble and tough groove cases also look cool.
David Carnoy/CNET
If selfies are your thing, then you’re probably aware of the LuMee cases that have built-in lighting. This Paris Hilton-endorsed Holographic version has an iridescent design. It charges via USB-C and gives you 30 minutes of “studio lighting” at full brightness. The case does allow wireless charging and you can adjust the brightness levels of the light.
David Carnoy/CNET
I wasn’t a fan of earlier Pelican cases, which were very protective but just a little too bulky (and ugly), but in the last couple of years (starting with the iPhone 11), the company, now owned by Case-mate, added some slimmer designs, including two that I like: the Protector (pictured, middle in camo color) and the Rogue (at left and right), which has a soft rubber bubbled pattern.
David Carnoy/CNET
Apple upgraded the cameras in its iPhone 12 models, with the iPhone 12 Pro and 12 Pro Max offering step-up camera options (the iPhone Max is the best in the imaging department). But a select few accessory makers like Moment allow you to enhance your shooting with add-on lenses and filters. Sold separately from the case, the lenses aren’t cheap, but they are high-quality.Â
Moment’s iPhone cases include an insertable mount that can be removed when you’re not playing around with any optional lenses, which are easy to attach. Its Thin Case is a simple but attractive rubberized case made of compostable bioplastic that’s rated for 6-foot drop protection. Cases with wood and canvas on their backs are also available.Â
David Carnoy/CNET
Razer, which makes laptops and gaming accessories (among other products), also makes iPhone “gaming” cases. They have something called Thermaphene-Based Heat Dissipation that “redirects trapped heat through a thermally conductive lining adjacent to vented airflow channels to significantly improve cooling compared with traditional cases.” It’s a bit of a gimmick, but it seems to help a little when you’re playing graphics-intensive games for long periods.Â
Razer had a slim Arctech case for the iPhone 11, but right now it only has the Arctech Pro for the iPhone 12 and 13 models. It was redesigned from the previous year’s Arctech Pro — it seems even more protective — and adds an antibacterial coating.
David Carnoy/CNET
Environmentally friendly smartphone cases are rapidly proliferating as more companies are making an effort to manufacture products out of recycled materials or materials that are biodegradable. The Torro Eco Cover for the iPhone 12 and 12 Pro falls into the latter category, and like many eco cases, it’s pretty simply designed.Â
While it’s made out of renewable plant-based raw materials such as corn and cassava — no plastic is used — it feels similar to a firm plastic case and has a slight bit of grip to it. It also seems pretty protective and has raised edges to help protect your screen in the event you drop your phone face down. Torro says the Eco Cover is only biodegradable in a composting environment; you simply place it in your home compost bin and it’ll break down.Â
It’s also available for the iPhone 12 Mini, but I didn’t see a listing for a version for the iPhone 12 Pro Max.
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Technologies
Nvidia CEO Jensen Huang emerges as Trump’s top ally in AI safety debate
Jensen Huang’s position as the leader of the world’s most valuable company, has earned him Trump’s ear on the most important topics in AI.
With the debate about regulating artificial intelligence raging in Washington this week, President Donald Trump picked up the phone to call his top ally on the subject: Nvidia CEO Jensen Huang.
âThe robots are not going to be taking over the world,â Trump told Huang, whoâd put the president on speaker while on stage at the All-In Summit in Los Angeles on Monday. Trump repeated a point heâd made on social media: that mounting AI and data center concerns are a âhoax.â
While other tech leaders like Meta CEO Mark Zuckerberg and Amazon founder Jeff Bezos have cozied up to Trump during his second term, experts told CNBC that Huang is exercising outsized influence in the White House. Heâs slated to attend Trumpâs high-profile state dinner for Chinese President Xi Jinping next week, according to a person familiar with the matter who asked not to be named due to confidentiality.
Nvidia has been powering the AI boom since before the launch of ChatGPT in late 2022, supplying the graphics processing units used by OpenAI, Anthropic and others to train their models and run large workloads. Revenue surged to $215 billion in the latest fiscal year, up from $17 billion in 2021.
Huangâs position as the leader of the worldâs most valuable company and the chipmaker at the heart of the AI boom has earned him the presidentâs ear on the most important AI topics.
âTrump just likes winners, and Jensenâs very good at speaking his language,â Samuel Hammond, director of AI policy at the think tank Foundation for American Innovation, said in an interview.
An Nvidia spokesperson declined to comment, and White House representatives didnât respond to a request for comment.
Whether joining Trump for a candlelit dinner at his Mar-a-Lago club in Florida, or closing a keynote by thanking guests for âmaking America great again,â Huang has learned how to appeal to the president. Trump and Huang have appeared together at least six times in public since the start of the second term, including trips to Saudi Arabia and the U.K., and a recent trip to China via Air Force One.
Huang is pushing for U.S. AI to move faster while some of Nvidiaâs most important customers â namely OpenAI and Anthropic â are ramping up pressure on governments to regulate the technology as fears spread about its potential dangers.
An Anthropic researcher, Jacob Coxon, who previously worked at OpenAI, said he quit his job earlier this month because he feared top AI labs are âgambling with our lives.â Coxonâs resignation set off a firestorm on social media, prompting calls for increased oversight from more than 20 members of Congress.
Concerns were already swirling after OpenAI disclosed a significant security incident in July, when two of its models escaped containment, accessed the open internet, and breached the online AI repository Hugging Face to get a better score on a benchmark test.
Anthropic CEO Dario Amodei cited that episode in a bombshell essay a week ago, urging AI developers to slow how quickly they improve their most advanced AI models. Amodei encouraged companies to cooperate directly with the U.S. government, and reiterated his desire for âwell-considered regulation of AI.â
Amodeiâs âpacingâ proposal was endorsed by other industry leaders, including OpenAI CEO Sam Altman, SpaceX CEO Elon Musk and Google DeepMind Chair Demis Hassabis, who agreed on the need for a slowdown and additional oversight.
âDid no harmâ
Huang took a different position.
In public appearances over the past week, the Nvidia CEO brushed off concerns about AIâs risks. He said that predictions of doom arenât grounded in science, and that model developers are responsible for securing their products before releasing them.
The solution to safety concerns, Huang said in Scotland on Thursday, is âgood old-fashioned engineering.â
âThere were incidents, and those incidents, thankfully, did no harm,â Huang said.
Huangâs position is largely shared publicly by David Sacks, a venture capitalist who previously served as Trumpâs AI and crypto czar. Sacks co-hosts the âAll-Inâ Podcast, which produced Mondayâs event that featured the Trump-Huang call.
âThe only control or âguardrailsâ that AI needs is a STRONG AND SMART (High IQ!) PRESIDENT, and the U.S.A. has that, in spades!,â Trump wrote in a post on Truth Social on the same day as the summit.
Before the recent uproar over safety, Nvidia focused its Washington outreach on export controls.
Last year, Nvidia was pushing to sell its AI chips to restricted countries, including China, drawing sharp criticism from U.S. lawmakers.
Some members of Congress, including Sens. Elizabeth Warren, D-Mass., and Josh Hawley, R-Mo., have cautioned that selling Nvidia hardware to China could threaten U.S. national security and narrow Americaâs lead in AI.
In December, Huangâs strategy paid off. Trump announced that Nvidia was granted permission to ship its H200 chip to Chinese customers, and that the U.S. would collect a 25% fee in exchange.
The H200 announcement drew intense pushback from both sides of the aisle. Huang declined an invitation from Warren to testify before the Senate Banking Committee in June. The following month, a top U.S. trade official confirmed that H200 sales to China were underway.
Profit motive
Nvidia and Huang argued that banning Nvidia exports to China would be against American interests, in part because such a move would spur the worldâs second-largest economy and computing market to develop its own cutting-edge AI chips. The H200 is no longer Nvidiaâs most powerful chip, as it has shipped two generations of its newer Blackwell processors in the U.S.
But Nvidiaâs fate wasnât entirely up to U.S. lawmakers, as Chinaâs regulators mostly blocked imports of the H200 chips.
Nvidiaâs clear profit motive leads some experts to say it takes the concerns expressed by model developers more seriously than those of the chipmaker, because the labs are the ones responsible for the actual AI technology.
âNvidia is the most aggressive in terms of, letâs just make money,â said Andrew Yoon, a researcher at CivAI, a nonprofit warning about the dangers of AI. âAt every turn, they are really trying to just make sure whatever happens is good for Nvidiaâs bottom line.â
Nvidiaâs ambitions in China will loom large during the state dinner on Thursday, when Trump, Huang and Xi will all be in the same room. The White House is also planning a meeting with major AI executives to coincide with the event, according to CNN. Other industry executives, including Altman, are expected to attend.
But Huangâs presence carries extra weight. During a House hearing on Monday, Treasury Secretary Scott Bessent was asked if Trump understands the threat AI presents.
âI would just say the president is completely aligned with Jensen Huang, the CEO of Nvidia,â Bessent said.
WATCH: Nvidia CEO Jensen Huang says safety is an engineering problem
Technologies
Iranian President Pezeshkian to travel to New York for UN summit as Trump threatens consequences of no agreement
Iranian President Masoud Pezeshkian is set to attend the UN General Assembly in New York as diplomatic hopes rise, even as U.S. President Donald Trump warns of severe consequences if no deal is reached.
President Masoud Pezeshkian is set to lead an Iranian delegation at the United Nations General Assembly in New York on Tuesday, as fresh optimism emerges for a diplomatic resolution to the Middle East conflict.
According to the semi-official Tasnim news agency, Pezeshkian will deliver a speech before the assembly, outlining Iranâs stance on âinternational developments,â with special attention to its conflict with the U.S. and Israel.
He is also expected to meet with several world leaders on the margins of the gathering, which runs from Sept. 22 to 26, and Sept. 28.
The Iranian delegationâs participation at the UN has sparked renewed optimism for a diplomatic path out of the war, boosting market sentiment on Monday â equities climbed, oil prices softened, and global bond yields dropped sharply.
However, U.S. President Donald Trump â who has indicated willingness to meet Pezeshkian during the assembly â has warned that Iranâs economy would be devastated or its leadership eliminated if Tehran fails to reach an agreement.
Speaking to Fox News on Sunday, Trump said the only choices available were âwiping Iran out,â or allowing its economy to ârot,â unless a deal is reached.
Meanwhile, Iranâs military said its intelligence pointed to a new, large-scale strike being orchestrated by the U.S. and its allies, cautioning of âpainfulâ retaliation throughout the Middle East. Any regional nations supporting such an attack would be considered participants in the conflict, it added.
âIf the U.S. commits any error against the Islamic Republic of Iran, all its positions and interests in the region will face sustained, effective and painful strikes,â the Khatam al-Anbia Central Headquarters of Iran stated, per Tasnim.
Houthi-Saudi conflict complicates diplomacy hopes
The U.S. State Department issued a security alert over the weekend, warning of potential unforeseen escalation in the Middle East and urging Americans to stay vigilant and prepare for possible flight cancellations and airspace closures.
The alerts followed claims by Iran-backed Houthi militants of missile and drone strikes on Riyadh on Saturday, which triggered the first air-raid warning in the Saudi capital since hostilities intensified in July.
Saudi officials reported that a ballistic missile was intercepted and destroyed, with no casualties or damage. The Houthis also tried to strike civilians and infrastructure across multiple areas of the kingdom, according to Saudi-led coalition spokesperson Major-General Turki al-Maliki, who posted on X on Saturday that those attempts were repelled by the countryâs air defenses.
Despite widening hostilities, oil prices have retreated in recent days as traders anticipate a recovery in energy shipments from oil-rich Saudi Arabia.
Oil prices will stay elevated despite U.S. advances in moving oil through the Strait of Hormuz, a team of analysts at Eurasia Group noted in a Saturday report. Any increase in oil flows would be insufficient to close the overall market deficit, they said, projecting Brent prices to trade in a higher range of $90-110 per barrel for the remainder of this year.
âIranâs leadership will stick with resistance, even as they quarrel internally,â the consultancy firm stated, noting that Tehran aims to use military proxies and tanker attacks to maintain a chokehold on shipping flows and pressure Washington into concessions.
Tehran has maintained it will not reopen the Strait of Hormuz until Washington honors its commitments under the June memorandum, which called for lifting the naval blockade of Iranian ports, easing sanctions, unfreezing Iranian assets, and ending U.S. military threats.
Iranian parliament speaker Mohammad Bagher Ghalibaf said Sunday that Iran must continue both fighting and negotiating to push back its adversaries, and only pursue diplomacy when it holds the advantage on the battlefield.
Technologies
Oil prices drop below $100 per barrel as Trump shows willingness to engage with Iran
Oil prices fell below $100 per barrel as Trump expressed openness to diplomacy with Iran, amid ongoing regional tensions and attacks.
On Monday, crude oil prices saw a sharp decline, trading below $100 per barrel, after President Donald Trump reportedly opted against bombing Yemen for the time being and signaled openness to diplomacy with Iran. U.S. West Texas Intermediate futures decreased by 5.4% to $94.85 per barrel by 10:48 a.m. ET. Brent crude, the international benchmark, experienced a fall of 4.1% to $99.61 per barrel. Oil prices have declined for four consecutive sessions as the market retreats from the recent rally. Trump informed Fox News that he might be willing to meet with Iranian President Masoud Pezeshkian during this week’s UN General Assembly. Additionally, the U.S. president has chosen not to bomb Iran-allied Houthi militants at present, despite appeals from Saudi Arabia, according to Trump administration officials who spoke to The New York Times. In the meantime, crude exports from the Middle East have remained resilient following Saudi Arabia’s shutdown of its crucial East-West pipeline due to attacks, as stated by JPMorgan analysts in a note dated Sept. 18. Total oil flows averaged 17 million barrels per day over the past 10 days, which is 6 million bpd below the 2025 average, they reported. Exports through the Strait of Hormuz have steadily increased, with flows from the broader Middle East reaching approximately 80% of pre-war levels, according to Ryan McKay, director of commodity strategy at TD Securities. McKay stated in a Monday note that without a major escalation, Iran may have lost significant leverage in the Strait. However, the security situation in the region continues to be volatile and susceptible to sudden escalation. McKay noted that the oil market is struggling with multiple near-term drivers that are engaged in a tug of war for prices. The Houthis announced that they launched missiles at Riyadh, the Saudi capital, and targeted Aramco facilities at the Yanbu crude export terminal on the Red Sea over the weekend. At least two tankers have been attacked while transiting the Strait of Hormuz in the past day, based on incident reports from the United Kingdom Maritime Trade Operations Centre. Trump also told Fox that he is in a ‘deciding mode’ and that ‘very big things’ will happen soon concerning the Iran war. He described the options as ‘wiping Iran out, letting them rot economically, or making a deal,’ as reported by Fox. Meanwhile, Iran’s Revolutionary Guard warned that it will expand the ‘geography of the conflict’ if the U.S. launches renewed strikes against the Islamic Republic, according to the state media outlet Tasnim.
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