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Iran says it has a deal to reopen the Strait of Hormuz—and shipowners are outraged by its plan to charge fees

Everything you need to know before you reach the office this morning.

Iran says it has a deal to reopen the Strait of Hormuz—and shipowners are outraged by its plan to charge fees

We haven't written up this one. Fortune has the full story — the link below goes straight to it.

Also reported by 1 other outlet

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Shinhan Bank Partners With GCF on Currency Hedge

Shinhan Bank entered into a foreign exchange derivative transaction worth about $200 million with the Green Climate Fund (GCF) on August 6.

  • Shinhan Bank partners with GCF on $200 million currency hedge.
  • GCF's foreign exchange hedging program selects Shinhan Bank as inaugural partner.
  • Shinhan Bank aims to advance global green finance with GCF.