Iran’s IRGC Seizes Two Ships in the Strait of Hormuz

Oil Plunges, Stocks Spike As Trump "Postpones" Military Strikes On Iran After "Productive" Talks; Tehran Denies Contact Update (0745ET): Well that didn't take long - and consider the source - but Iran’s state news agency rejects Trump’s claim of 'constructive conversations' "There is no direct contact with Trump, not even through intermediaries," Fars News reports, citing a source. "Trump backed off after hearing that our targets would be all power plants in West Asia." Oil is rebounding and stocks retreating modestly on the news... IRAN SAYS THERE WAS NO DIRECT OR INDIRECT CONTACT WITH TRUMP...

Switzerland Halts Military Exports To US, Citing Iran War Neutrality  Switzerland on Friday announced it is halting all military and defense exports to the United States, citing its neutrality, coming as the Iran war reaches the three week mark. "Exports of war materiel to the US cannot currently be authorized," the government said, as quoted in Bloomberg. The statement specifically referenced Washington's "international armed conflict" in the Middle East. Source: screengrab via Johnny Harris/YouTube The announcement might not be a surprise, given similar past stances by Switzerland; however it comes at a sensitive...