US President Trump says US will keep blockade of Strait of Hormuz in place until deal with Iran is finalised, Reuters reports
- We are working with Iran to get the mines out of the Strait.
- No money will be exchanging hands as part of a potential deal with Iran.
- US will work with Iran to recover its enriched uranium and will bring it back to the US.
- Probably be more talks this weekend about an Iran deal.
- Once a deal is reached he might go to Islamabad but hasn't made final decision.
- Oil price shock will dominate the productivity effect on inflation
Context
President Trump's commitment to maintaining the blockade of the Strait of Hormuz underscores heightened geopolitical tensions with Iran, which could have significant implications for oil prices and broader market sentiment. The potential for an oil supply disruption, coupled with ongoing negotiations, may create uncertainty for energy markets, putting upward pressure on both crude prices and market volatility. Traders should keep an eye on reactions in the energy sector and impacts on currencies linked to commodity prices.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#UNITED STATES#USD#EUR#JAPAN#JPY#UNITED KINGDOM#GBP#ASIA#EUROPE#IMPORTANT#FOREX#EQUITIES#ENERGY#EU SESSION#US SESSION#DOW JONES INDUSTRIAL AVERAGE#WTI#COMMODITIES#GOLD#S&P 500 INDEX#NASDAQ 100 INDEX#BRENT CRUDE#DXY#TRUMP