Both Sides Agree Iran Deal 'Close' But Not Finalized, As Trump Promises 'Final Determination' Soon

US Says Iran's Threat To Hormuz Traffic "Degraded" As 23 Nations Signal Waterway Support Three weeks into the U.S.-Israeli war on Iran, the Trump administration's central focus now is very clear: reopen the Strait of Hormuz and restore the normal passage of crude and LNG tankers through a maritime chokepoint that carries roughly one-fifth of global oil and LNG flows. On Saturday morning, Admiral Brad Cooper, commander of U.S. Central Command and the official overseeing Operation Epic Fury, released an update on day 22 of the combat mission and stated: Iran...

Fed's Waller Pushed Rate-Hike Hopes Lower After Stating The Obvious A top Federal Reserve official said he would be “inclined” to keep interest rates on hold, highlighting divisions among the US central bank’s governors as they prepare for a crucial vote this month. Outspoken Fed Governor Chris Waller clarified this morning what many knew... that he would support holding rates steady at the central bank's meeting in two weeks if August inflation data continue the recent progress seen in June and July, but that he could favor a rate increase if that...

Ukrainian Sea Drone Destroys Russian Ship Vital To CPC Oil Repairs Tit-for-tat attacks on commercial vessels in the Black Sea as well as Sea of Azov have been raging all summer, but Ukrainian forces are now strategically going after smaller ships which yet play an outsized role in repair and logistics related to damaged Russian and central Asian oil infrastructure. "Ukraine attacked a small service ship involved in planned repair works at the key CPC oil terminal in the Black Sea, a person with knowledge of the matter said," Bloomberg reports...