GeopoliticsIMPORTANTJuly 22 at 06:50 PM

Iranian media reported that a power station was hit by a missile near the Bushehr nuclear power plant in south of the country, according to Sky News Arabia

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A reported missile strike near Bushehr has escalated the US-Iran conflict, driving oil prices to 5-week highs and increasing expectations for a Fed rate hike due to energy-driven inflation.

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Geopolitics

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

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The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday

Geopolitics

Iranian media reported that a power station was hit by a missile near the Bushehr nuclear power plant in south of the country, according to Sky News Arabia

What do investors think?

Today's market highlights

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday

Only 'one or two issues' remain unresolved in Iran-Oman talks, a senior diplomatic source tells Al Jazeera