US NEC Director Hassett says this is a temporary energy shock, Fox Business reports; Trump is confident the Strait of Hormuz will be open soon; on SPR, we're releasing as fast as possible
The comments from NEC Director Hassett indicate that the current energy shock is perceived as temporary, which could provide some market reassurance amidst ongoing volatility in energy prices.
UK government appoints loyalists to fill gaps filled by government resignations, via UK press
US President Trump says when the fake news says that the Iranian enemy is doing well, militarily, against us, it’s virtual treason in that it is such a false, and even preposterous, statement
US NEC Director Hassett says this is a temporary energy shock, Fox Business reports; Trump is confident the Strait of Hormuz will be open soon; on SPR, we're releasing as fast as possible
Iranian Foreign Minister says they are holding consultations to draft regulations concerning arrangements for the Strait of Hormuz in accordance with international law.
Earthquake reported in Tehran, according to Tasnim; 3.4 magnitude, according to ISNA
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- On the gasoline tax, Trump's view is that we should modernise.
Additionally, Trump's optimism about the Strait of Hormuz remaining open suggests a potential stabilization of oil supply routes, which is crucial for the energy markets. Overall, these statements may alleviate some fears of prolonged disruption, impacting oil prices and related assets positively.
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