US President Trump says China is very happy that he permanently opening the Strait of Hormuz... and President Xi will give him a big, Fat, hug when he gets there in a few weeks
This statement from President Trump implies a notable easing in U.S.-China tensions, particularly concerning energy supply routes like the Strait of Hormuz.
Iranian Foreign Ministry spokesperson says for now, extending the ceasefire has not been approved
US PRE-MARKET MOVERS: MS, BAC, PNC, SNAP, GTLB, AVGO, AMT, ASML, SEDG, WULF
US President Trump says China is very happy that he permanently opening the Strait of Hormuz... and President Xi will give him a big, Fat, hug when he gets there in a few weeks
Bank of America (BAC) CFO says have not experienced any material losses on private credit, via conference call
UBS (UBSG SW) expects to achieve underlying return on CET1 capital of 15% and cost/income ratio of less than 70% by end of 2026; raised total cost savings target by USD 500mln to USD 13.5bln by end '26
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Full Post:
- "China is very Happy that I am permanently opening the Strait of Hormuz. I am doing it for them, also - And the World. This situation will never happen again. They have agreed not to send weapons to Iran. President Xi will give me a big, Fat, hug when I get there in a few weeks. We are working together smartly, and very well! Doesn’t that beat fighting??? BUT REMEMBER, we are very good at fighting, if we have to - far better than anyone else!!! President DJT"
The assurance of cooperation with China, coupled with claims of disarmament regarding Iran, could reduce geopolitical risk in energy markets, potentially stabilizing oil prices and benefiting commodities. Traders should monitor market sentiments around energy assets and the broader implications for currency pairs as the narrative unfolds.
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