Iran Deputy FM says we're not laying mines in Hormuz Strait, AFP reports; Iran allowed some ships to cross strait
This statement from Iran's Deputy Foreign Minister clarifies that Iran is not laying mines in the Hormuz Strait, alleviating concerns about potential disruptions in one of the world's crucial oil shipping routes.
Maersk (MAERSKB DC) says incident involving time-chartered vessel source blessing occurred Thursday morning in Persian Gulf; no impact reports to containers and all crew safe
Wolfpack short Babcock & Wilcox Enterprises (BW)
Iran Deputy FM says we're not laying mines in Hormuz Strait, AFP reports; Iran allowed some ships to cross strait
Saudi Aramco reportedly in talks to buy Ukrainian drones, WSJ reports
US sell 4-week bills at a high rate of 3.640%, B/C 2.77x; Sells 8-week bills at a high rate of 3.625%, B/C 3.10x
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The allowance for some ships to cross suggests a temporary de-escalation, which may stabilize oil prices, particularly WTI, though the situation remains fluid and worth monitoring for any further developments.
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