The Trump Administration is reportedly considering plans to occupy or blockade Iran's Kharg Island to pressure Iran to reopen the Strait of Hormuz, Axios reports citing sources
The reported consideration of U.S.
UBS pushes back BoE cut calls; now expects the BoE to deliver two 25bps cuts each in November 2026 and February 2027 (prev. 25bps cuts in April and July 2026)
ECB's Makhlouf says the ECB is currently managing extreme uncertainty, adds that action will be taken if facts point to action, every meeting is a live meeting via Bloomberg interview
The Trump Administration is reportedly considering plans to occupy or blockade Iran's Kharg Island to pressure Iran to reopen the Strait of Hormuz, Axios reports citing sources
Markets are now fully pricing in 3 rates hikes by the BoE in 2026
PBoC is to lift onshore firms' overseas lending ceiling, and raising macroprudential ratio to 0.6 from 0.5
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.
- Such an operation, if approved, would also require more troops. Three different Marine units are on their way to the region. The White House and the Pentagon are considering sending even more troops soon, a US official said.
- Such an operation would only be launched after the US military further degrades Iran's military capacity around the Strait of Hormuz, Axios says; "We need about a month to weaken the Iranians more with strikes, take the island and then get them by the balls and use it for negotiations," a source with knowledge of the White House thinking said.
military action to occupy or blockade Kharg Island underscores escalating tensions with Iran and could significantly impact global oil supplies, especially through the strategically vital Strait of Hormuz. If pursued, this move suggests a more aggressive U.S. posture, likely leading to increased volatility in oil prices and an uptick in risk-off sentiment across financial markets, particularly impacting currencies and equities tied to energy.
Related headlines
- US President Trump clarifies that Commerce Secretary Lutnick had Venezuela on his mind when he said nobody was killed, adds that 18 people were killed in Iran23 min ago
- US President Trump posts image of 20mln BPD through the Hormuz vs. 18mln BPD before43 min ago
- US Daily Equity Opening News - MSFT to report quarterly Azure sales; AVGO slips on outlook; HPE falls amid supply constraints; VRNS in take-private talks; Elliott urges DTEGY to reconsider TMUS merger; DEC to acquire Birch Resources for USD 1.8bln3 hours ago
- [MARKET ANALYSIS] Crude takes a breather after a choppy mid-week; metals mixed3 hours ago
- [MARKET ANALYSIS] Yields slip off best levels as energy benchmarks edge lower; JGBs in focus following a GPIF meeting and BoJ sources3 hours ago
- EUROPEAN OPEN: EZJ LN & ITH LN join FTSE 100, ENT LN & PSN LN to leave; DTE GY faces Elliott push against TMUS merger; VOD LN to launch first UK TV service; SHEL LN acquires BP/ LN stakes in offshore blocks4 hours ago
- UAE President received a phone call from US Presiednt Trump; the two discussed cooperation and developments in the Middle East, WAM reports6 hours ago
- Russian Deputy PM Novak says OPEC's role in the market remains important; will continue to exert significant influence on the oil market because of its high output6 hours ago
- PRIMER - Today’s Fedspeak includes: Waller, Hammack, Goolsbee25 min ago
- [MARKET ANALYSIS] European bourses tilt higher, Elliott reportedly pushes DTE GY to scrap TMUS merger; AVGO misses Q4 guidance estimates3 hours ago
- India's Trade Minister says final trade agreement between US and India will be published as soon as the US can provide India with tariff advantages 4 hours ago
- Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement3 hours ago
- Ukrainian Navy says it struck a Russian support vessel in Sochi port37 min ago
- Russian Deputy PM Novak says Russia's gas supplies to China will reach 50bln cubic metres this year, reports Tass44 min ago
- Israeli Defence Minister Katz says the military will target all of Iran's infrastructure, including energy; an Iranian attack would free Israel from its existing limits1 hour ago
- Russian President Putin says attacks on three oil refineries have been repelled; adds that Russia must respond in kind2 hours ago
- Russian Deputy PM Novak says Russia is experiencing some gasoline shortages1 hour ago
- [MARKET ANALYSIS] JPY rallies against all G10 peers, most pronounced against USD into payrolls on Friday4 hours ago
- [MARKET UPDATE] Yen strength continues with USD/JPY below 157.50, EUR/JPY below 183.00 - no headline driver but traders cite increased BoJ hike bets5 hours ago
- India and China could hold talks on the sidelines of BRICS summit, Indian Trade Minister says 4 hours ago
The whole workspace, free to try.
Try it free