White House Press Secretary (Q&A): Have seen an uptick in traffic in Hormuz today, Trump expects it to be open

The uptick in traffic in the Hormuz Strait, along with Trump's expectation for it to remain open, suggests a decreased risk of immediate conflict in this crucial shipping lane.

Newsquawk StaffPublished On the live feed at 10 more headlines followed before this page went public
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White House Press Secretary Leavitt says Trump is dispatching team led by VP Vance for talks to Pakistan. US and Iran will hold talks in Pakistan on Saturday.

US Envoy Witkoff told the mediators the 10-point counter-proposal the US had received from Iran on Monday was "a disaster, a catastrophe," Axios reports

White House Press Secretary (Q&A): Have seen an uptick in traffic in Hormuz today, Trump expects it to be open

Fed's Daly (2027 voter) says underlying US economic fundamentals in a good place

Iran Foreign Minister Araghchi says US must choose ceasefire or continued war via Israel; it cannot have both

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  • Trump's rhetoric lead to a deal with Iran.
  • Iranians backed down, not Trump. 
  • Lebanon is not part of the ceasefire.
Context

While Trump's rhetoric indicates a possible diplomatic thaw with Iran, the note that Lebanon is not part of the ceasefire could mean ongoing tensions in the region. Traders may want to monitor energy prices and geopolitical risk premiums in currency and commodity markets as developments unfold.

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