Agreement hits snag: Iran seeks to block passage of US and Israeli ships
The Corner Report by Renta 4 Markets are expected to open with virtually no changes (Euro Stoxx 50 and S&P 500 futures flat), on a day of wait-and-see sentiment ahead of the official US employment report for July, and with oil prices rising again amid the deadlock in negotiations over the Strait of Hormuz. Yesterday, Wall Street closed lower, albeit only slightly (S&P 500 down 0.18%, Nasdaq down…
The Strait of Hormuz, a crucial waterway for global oil and natural gas supplies, remains closed by Iran, pending the United States' correction of its behavior. Iran's Supreme National Security Council demanded that the U.S. cease threatening Iran, end the war with Iran and its region allies, lift the naval blockade of Iranian ports, and withdraw its military from the region. Iran also wants Iran's war damage to be compensated, sanctions lifted, and frozen assets unfrozen. There has been no immediate response from the U.S.
Meanwhile, the UAE reported that one of its ships was targeted by an Iranian missile. Yemen's military also attacked the Iranian-backed Houthi rebels. Turkey's parliament approved a Kurdish peace bill, setting the stage for discussions on disarming and rehabilitating the Kurdistan Workers' Party.
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- Iran debates Hormuz wording moneyweb.co.za
- Iran says Hormuz shut until US ‘corrects’ its conduct economictimes.indiatimes.com
