US President Trump says 34 ships went through the Strait of Hormuz yesterday, which is by far the highest since this foolish closure began

President Trump's remarks about the increased shipping through the Strait of Hormuz could signal a potential easing of tensions in the region.

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A senior American official says talks between the US and Iran are continuing even now and there is progress in trying to reach an agreement, Axios reports

BBC reporting journalists at the White House in the pool have just been told to assemble, and don't yet know what they will be covering

US President Trump says 34 ships went through the Strait of Hormuz yesterday, which is by far the highest since this foolish closure began

[CALENDAR ADDITION]: US President Trump to speak any moment; timing TBC

US President Trump to speak at any moment, Fox reports

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Given that this is a significant chokepoint for oil shipments, a higher number of transits may help stabilize oil prices, impacting energy markets and broader risk sentiment across equities and currencies.

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