US military blockade of Iran remains in effect, according to a US official cited by Reuters
The continuation of the US military blockade of Iran signals ongoing tensions that could affect global oil supply dynamics.
The Iranian foreign minister’s announcement on Friday that the Strait of Hormuz is “completely open” for ships that use an Iranian-prescribed route doesn’t give the shipping industry assurances to resume traffic through the strait, via WSJ citing analyst
US President Trump posts "THE STRAIT OF HORMUZ IS COMPLETELY OPEN AND READY FOR BUSINESS AND FULL PASSAGE, BUT THE NAVAL BLOCKADE WILL REMAIN IN FULL FORCE AND EFFECT AS IT PERTAINS TO IRAN"
US military blockade of Iran remains in effect, according to a US official cited by Reuters
Pakistani journalist Mallick posts "To my understanding, talks between US and Iran could take place early in the coming week"
US President Trump posts "IRAN HAS JUST ANNOUNCED THAT THE STRAIT OF IRAN IS FULLY OPEN AND READY FOR FULL PASSAGE. THANK YOU!"
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.
This situation is pivotal for energy markets, as it reinforces risk perceptions around Middle Eastern stability, likely influencing oil prices, specifically WTI. Traders should monitor the potential for escalations that may affect commodity flows and prices.
Related headlines
- Newsqawk European Market Wrap - 9th September 202650 min ago
- 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 reports2 hours ago
- [MARKET ANALYSIS] JPY continues to gain after daring commentary from US Treasury Sec. Bessent5 hours ago
- [MARKET ANALYSIS] Brent briefly tops USD 100/bbl as Middle Eastern tensions remain heightened5 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 deal5 hours ago
- Pakistan is reportedly considering strikes against Houthi targets in Yemen under the “Makkah Pact” defense framework with Saudi Arabia and Turkey, Kann's Kais reports; strikes may begin in the coming days and will be announced immediately after57 min ago
- Two port officials say a Panama-flagged tanker carrying 2mln barrels of Iraqi fuel oil was hit by a drone in Iraqi territorial waters; tanker is named "New Andros", and no casualties were reported4 hours ago
- US EQUITY OPEN: Indices in the red as US/Iran tensions escalate 1 hour ago
- [MARKET UPDATE] Fresh lows across fixed income and equity futures as energy prices continue to climb; Brent Nov remains north of USD 100/bbl5 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 strikes7 hours ago
- US official says in total, in the past week, the US has attacked and destroyed 10 Iranian oil tankers, i24 news reports2 hours 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 reports2 hours ago
- There are signs the US is working to devise some means of striking Iran's nuclear sites, CNN reports3 hours ago
- Iran launched a drone at a tanker near Iraq, and at a tanker near the Emirates, reports i24's Stein3 hours ago
- IRGC official warns that further US aggression against Iran could trigger more unprecedented Iranian responses, IRNA reports4 hours ago
- Iran’s Foreign Ministry condemns US attacks on Iranian vessels and says Tehran’s strikes on US military bases and interception of American vessels constitute legitimate self-defence under international law4 hours ago
- The Vienna meeting calls on Iran to engage seriously without conditions in confidence-building talks, Al Jazeera reports citing a US-European draft resolution5 hours ago
- [MARKET ANALYSIS] Fixed falters once more as Brent takes USD 100/bbl, awaiting the Treasury buyback announcement5 hours ago
- Iranian media notes of controlled explosions scheduled in the south of Isfahan, Iran, until 14:00 local time (11:30 BST)7 hours ago
- UKMTO has received a report from a third-party of an incident 24NM northwest of Port Rashid, UAE; incident occurred at 02:48 UTC5 hours ago
The whole workspace, free to try.
Try it free