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Several US navy ships crossed the Strait of Hormuz on Saturday, Axios said in a report that was disputed by an intelligence official and Iranian media.
Source
Bloomberg Markets
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Investors appear to have already priced in much of the geopolitical risks and are growing less reactive to headlines.
Lebanese Minister of Industry Joe Issa el-Khoury says the ongoing conflict in the south of the country was “imposed” and triggered by Hezbollah. In an exclusive TV interview with Bloomberg's Joumanna Bercetche, he argued that Lebanon must assert its own decision-making rather than be drawn into broader regional dynamics. (Source: Bloomberg)
The U.S. naval blockade of the Strait of Hormuz threatens to halt more tanker traffic, sending oil surging and risks drawing China into a widening confrontation with Washington.
