Iranian foreign minister outlines conditional Strait of Hormuz reopening timeline
Iran’s foreign minister said the Strait of Hormuz could reopen within six days if the US meets Iran’s terms, with talks to resume on the seventh day.
Market Context archive
EIA crude inventories fell 8.557M, versus forecast increase
EIA-reported crude oil inventories fell by 8.557M, compared with a forecast increase of 0.15M and a previous decrease of 3.186M.
China and EU reach understanding on hybrid vehicle trade
China's commerce ministry said China and the EU reached an understanding on hybrid vehicle trade in a WTO-compliant manner after intensive negotiations.
Banque du Caire plans sale of 30% stake
Banque du Caire is looking to raise as much as 24.25 billion Egyptian pounds ($454 million) by selling a 30% stake.
UKMTO Receives Report of Container Vessel Struck in Strait of Hormuz
UKMTO received a report that a container vessel was struck by an unknown projectile while inbound through the Strait of Hormuz.
Zimbabwe sees no reason to delay scheduled January lithium concentrate export ban
Zimbabwe said there is no reason to delay the ban on lithium concentrate exports scheduled to take effect in January.
Iranian supreme leader’s advisor calls claim that Strait of Hormuz is open baseless
An advisor to Iran’s supreme leader said the claim that the Strait of Hormuz is open is baseless.
Soybean futures fall to an eight-week low
Soybean futures fell to around $12.5 per bushel, their lowest level in eight weeks.
Tasnim reports Yemeni forces targeted Saudi Aramco facilities in northern Jeddah
Tasnim News reported that Yemeni armed forces targeted Saudi Aramco oil distribution facilities in northern Jeddah.
Mauritius to impose curfew for a second night
Mauritius’s government will impose a curfew for a second night across the island’s main population centers after unrest described as the worst since 1999.
M&T Bank reports EPS of $5.08, above expectations
M&T Bank reported earnings per share of $5.08, compared with market expectations of $4.91.
Novak says two Russian oil refineries were attacked
Russia’s Deputy Prime Minister Alexander Novak said two Russian oil refineries were attacked today, according to IFX.
Philippine peso breaches 63 per dollar for the first time
The Philippine peso breached 63 per dollar for the first time.
Euro starts week below $1.12, near 17-month low
The euro began the week below $1.12, near its weakest level in 17 months.
Moody’s says US private-debt practices may mask credit stress
Moody’s Ratings says US private-debt borrowers are using delayed interest payments and maturity extensions to avoid default, potentially masking the overall extent of credit stress.
September FOMC Minutes: Broad Support for 25-Basis-Point Hike, Most See Another by Year-End as Likely Appropriate
The September FOMC minutes reported broad support for the 25-basis-point rate hike, alongside officials’ concern that inflation remained elevated and had made insufficient progress toward the 2% target.
Fed prolongs pause on reserve management purchases until mid-November
The Fed prolonged its pause on reserve management purchases until mid-November.
ExxonMobil estimates Q3 earnings impacts versus Q2
ExxonMobil expects changes in energy products margins to impact Q3 earnings by $4.5 billion versus Q2; the source does not specify the direction.
Delta Air Lines EPS was below market expectations
Delta Air Lines reported earnings per share of 1.72 USD, below market expectations of 2.03 USD.
French 10-year OAT yield falls to 4.76%, a near-week low
France’s 10-year OAT yield fell to 4.76%, its lowest level in nearly a week, amid broader European bond-market declines during a global flight to safety following an equity sell-off.