US Commerce Secretary Lutnick says Strait of Hormuz is open and ships are moving; US growth will hit 6% under Trump
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Iranian Foreign Minister's tweet regarding the decision to open the passage of all commercial ships through this strait requires the approval of the leadership, Mehr News reports
Russia's Main black sea port reportedly resumes loading crude at key berth
US Commerce Secretary Lutnick says Strait of Hormuz is open and ships are moving; US growth will hit 6% under Trump
Iranian Military Official says military vessels are not allowed to pass the Strait of Hormuz, State TV reports; adds ships passing through the determined route need IRGC permission
Norwegian Shipowners' Association CEO says the situation in the Strait remains unresolved, with a number of outstanding uncertainties and these aspects need to be clarified before any transit can be assessed
On the Newsquawk feed at , 20 minutes before this page.
- Will 'for sure' keep his job as secretary.
Context
The statement from US Commerce Secretary Lutnick highlights an important geopolitical stability regarding the Strait of Hormuz, ensuring that shipping lanes remain unaffected. This may positively influence energy markets and risk sentiment, particularly in the context of future US economic growth projections, which could bolster the USD's position against major currencies if realized.
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