Article
Oil Jumps As Report On 6-Month Iran Deal Timeline Crushes Ceasefire Hopes, Hormuz Still Locked Down
Oil Jumps As Report On 6-Month Iran Deal Timeline Crushes Ceasefire Hopes, Hormuz Still Locked Down
Summary
Trump unveils 10-day Lebanon ceasefire, but which Hezbollah has not signed on for, amid heavy IDF attacks on south. BBG reports on potential 6-month timeframe for comprehensive Iran deal, oil spikes.
Iran seeks to boost rial through toll payment scheme; vessels pay Hormuz passage through Iranian banks.
US Navy: vessels seeking entry into Hormuz Strait now fair game for boarding, search, and outright seizure - including for suspicion of 'contraband'.
Hegseth: US forces are ready to restart...
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Via Middle East Eye
Libya was plunged into fresh turmoil this week after a car bomb killed eastern military intelligence chief Fawzi al-Mansouri in Benghazi, drone attacks struck the country’s largest operational oil refinery and the central bank governor resigned from his post.
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Musical Chairs
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By Molly Schwartz, cross-asset macro strategist at Rabobank
Yesterday, Trump spoke with Xi in Beijing. While markets kept a watchful eye on any headlines about the war in Iran, palates were left dry as only tepid announcements dripped out, such as that China “offered help” on Iran and “pledged not to send weapons.” What they did not manage to evade was a conversation about Taiwan. During the two and a half hour conversation with Trump, Xi underscored that US intervention in Taiwan could trigger a “highly dangerous situation.” While...
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