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Treasury Secretary Scott Bessent says the President Donald Trump -led Operation Economic Outcast, which focuses on imposing trade restrictions on Iran, has sharply curtailed Tehran’s ability to move oil through tankers, despite top Iranian officials reaffirming control over the Strait of Hormuz. Scott Bessent Says Trum
President Donald Trump is reportedly mulling over whether the U.S. could restart military strikes against Iran, but former counterterrorism chief Joe Kent believes the White House should pull troops out of the Middle East. Trump Touts Big Decision In an interview with Axios on Thursday, Trump said that he had a “big de
Economist Peter Schiff said the Trump administration’s Strategic Petroleum Reserve drawdown could leave the U.S. with less protection against future oil supply shocks. He cited oil above $95 a barrel and said prices are rising amid U.S.-Iran tensions.
IRGC Navy warns oil tanker crews near Kuwaiti and Bahraini ports hosting US forces, threatening to target vessels in retaliation for US strikes on Iranian oil tankers.
Iran’s IRGC Navy, via state media, warned all oil-tanker crews near Kuwaiti and Bahraini ports that host Americans to evacuate.
Iran and Oman are reportedly in the final stage of talks on a temporary safe route in the Strait of Hormuz, with Iranian officials saying an agreement could come in coming days.
LiveSquawk briefing: UK borrowing costs hit a new high ahead of budget. ECB is widely expected to raise its deposit rate by 25bps this week. US strikes three Iranian oil tankers after IRGC naval attacks.
Weekend macro recap covers China’s planned capital support for state lenders, EU/Italy and Germany politics, US yield-curve volatility, OPEC+ holding output, and Middle East/Ukraine ceasefire and strikes.
Brent crude rose above $96 a barrel after fresh U.S. strikes on Iranian targets and Iranian retaliation across the Middle East raised Strait of Hormuz fears.
Trump said he would rule out using a nuclear weapon against Iran and warned the U.S. would respond forcefully after Iranian retaliation.
Crude oil prices are steady as investors assess the US-Iran stalemate, with Brent at $92.90 and WTI at $86.50 while Treasury Secretary Scott Bessent is set to unveil new US sanctions on Monday.
Rheinmetall Q2 earnings beat expectations
Trump Threatens Tit-For-Tat Strikes On Iranian Infrastructure - Iran Threatens Regional Energy Facilities If Attacked - Ghalibaf: Where We Do Not Sell Oil, No One Will Sell Oil - IRGC Spox Warns Strait Of Hormuz Southern Route Is Mined - US Said To Inform Israel Of Plans To Intensify Iran Strikes - USTR Greer: USMCA Ta
Iran's IRGC warns the US and countries hosting its bases, saying further attacks on Iran will trigger "more crushing" retaliation
* Says Attack Was In Response To US Hostile Actions * Warns Of The Closure Of Other Oil And Gas Export Routes Serving The Interests Of The US And Its Allies
U.S. Central Command forces said they struck Iran at 7:15 p.m. ET Saturday, the third such strike this week, after Islamic Revolutionary Guard Corps forces attacked a container ship in the Strait of Hormuz. CENTCOM Details Tanker Attack, Hegseth Responds CENTCOM said in an X post that IRGC “forces blatantly attacked M/
Iran targets US military positions after Trump orders strikes over alleged ceasefire violation in Strait of Hormuz
Trump threatens 100% tariff on countries implementing digital services tax
IRGC Major General Rezaei warns the US not to interfere in the Hormuz Strait
Iran's IRGC warns ships to use designated Hormuz passage only, threatening action on unauthorized transit
IRGC Navy says safe transit through Strait of Hormuz is only possible via routes designated by Iran