Head of the National Security Commission says "the 47-year period of hospitality in the Strait of Hormuz is over", ISNA reports, adding "The Strait of Hormuz will definitely open", but not for Trump
This statement indicates a significant shift in diplomatic relations regarding the Strait of Hormuz, a vital channel for global oil shipments.
South African ABSA Manufacturing PMI (Mar) 49 (Prev. 47.4)
EU Unemployment Rate (Feb) 6.2% vs. Exp. 6.1% (Prev. 6.1%)
Head of the National Security Commission says "the 47-year period of hospitality in the Strait of Hormuz is over", ISNA reports, adding "The Strait of Hormuz will definitely open", but not for Trump
US President Trump said he is strongly considering pulling the US out of NATO after it failed to join his war on Iran, The Telegraph reports
[MARKET ANALYSIS] Global equities rebound on positive US-Iran commentary, Banks benefit the most, NKE hit after weak China guidance
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
The comment about hospitality ending suggests a firmer stance against U.S. policies, which could elevate geopolitical tensions and consequently impact oil prices and broader market sentiment. Traders should watch for volatility in energy markets and currencies sensitive to geopolitical risk, especially those linked to oil-exporting countries.
Related headlines
- Russian Kremlin spokesperson Peskov says Presidents Putin and Trump did not discuss the possibility of holding a new meeting at APEC, but there is an understanding that such a meeting could take place, Interfax reports1 hour ago
- [MARKET ANALYSIS] JPY continues to gain after daring commentary from US Treasury Sec. Bessent4 hours ago
- [MARKET ANALYSIS] European bourses under pressure as renewed US-Iran strikes drive energy higher; ITX SM hit despite mixed earnings while FORTUM FH surges on GOOGL deal4 hours ago
- [MARKET ANALYSIS] Brent briefly tops USD 100/bbl as Middle Eastern tensions remain heightened4 hours ago
- [MARKET ANALYSIS] Fixed falters once more as Brent takes USD 100/bbl, awaiting the Treasury buyback announcement4 hours ago
- [MARKET UPDATE] Brent front-month crosses back above USD 100/bbl for the first time since July 24th; newsflow light but geopolitical tensions remain high following the recent US-Iran retaliatory strikes6 hours ago
- FedEx (FDX) is to sell EUR denominated 4- and 8-year notes6 hours ago
- [MARKET UPDATE] Fresh lows across fixed income and equity futures as energy prices continue to climb; Brent Nov remains north of USD 100/bbl4 hours ago
- RBI may conduct USD/INR buy-sell swap operations this month, traders suggest6 hours ago
- OpenAI is reportedly projecting compute spending of c. USD 750bln through 2030 but still feels "really short" on computing power, NYT reports1 hour ago
- Analog Devices (ADI) and Alif Semiconductor today announced a definitive agreement under which ADI will acquire Alif in an all-cash transaction for USD 1.35bln1 hour ago
- Dow (DOW) reportedly weighs exit from USD 20bln Saudi chemicals venture2 hours ago
- Alcoa (AA) files to sell USD 2.6bln senior unsecured notes due 2034 and 2036 with the funds to finance the South32 deal1 hour ago
- Japanese PM Takaichi says Japan will strengthen and diversify energy supplies, including oil, while boosting cooperation on critical minerals and supply-chain resilience with the US, Australia and other partners5 hours ago
- European Movers: Airbus (AIR FP) -1.3%, LVMH (MC FP) -1.3%, Orsted (ORSTED DC) -1.6%, Inditex (ITX SM) -3%, Burberry (BRBY LN) -3%6 hours ago
- Saudi Arabia plans to establish a marine war-risk insurance pool for cargo, SPA reports22 min ago
- US official says in total, in the past week, the US has attacked and destroyed 10 Iranian oil tankers, i24 news reports1 hour ago
- Arabic sources reported intense clashes between mercenaries affiliated with Saudi Arabia and the UAE, reportedly following successive defeats by Houthi forces on various fronts in Yemen, SNN reports1 hour ago
- There are signs the US is working to devise some means of striking Iran's nuclear sites, CNN reports2 hours ago
- Iran launched a drone at a tanker near Iraq, and at a tanker near the Emirates, reports i24's Stein2 hours ago
The whole workspace, free to try.
Try it free