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Treasury Secretary Scott Bessent said Washington would intensify economic pressure on Iran. The report says a naval blockade is curbing oil exports and Iranian seaborne crude exports were at zero as of Oct. 5.
Iranian seaborne crude exports were zero in the second week of September and remained at zero as of Oct. 5, according to Vortexa and Reuters. The rial has lost nearly 35% of its value against the dollar since July, the report said.
US stock futures indicated a moderately higher open, with Nasdaq 100 futures up 0.20%, Russell 2000 futures up 0.22%, S&P 500 futures up 0.15% and Dow futures up 0.11%. The article also previews the day’s economic data and bank earnings reports.