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Geopolitics

UK PM Burnham is poised to announce “robust” new sanctions on Israeli settlements in the West Bank next month ahead of Labour conference, according to The Times

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UK Prime Minister Andy Burnham highlighted rising inflation driven by Middle East conflict pressures, alongside UK government domestic cost-of-living relief measures.

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Fed

Fed's Barkin (2027 voter) says there will eventually be a reckoning of US debt and debt will reach a point when investors will stop buying if it continues to rise

Geopolitics

A ceasefire between the US and Iran has been agreed upon, it includes free navigation in the Strait of Hormuz and will be announced in the coming days, reports Ria citing Pakistani and Iranian sources

Geopolitics

Two US officials confirmed Trump's announcement and said the US Navy has cleared the Traffic Separation Scheme, the median lane of the strait that is right between Oman and Iran, reports Axios