US President Trump says US will keep blockade of Strait of Hormuz in place until deal with Iran is finalised, Reuters reports
Importance
Level 1
- 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