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Tariffs/Trade

USTR Greer said Canada “could see additional tariffs and you could see import bans or prohibitions similar to the ones that Canada has imposed on us earlier.”, Politico reports; adds. "ideally, we leave energy markets alone"

StockNow breaking-news AI analysis

USTR Greer warned Canada of potential additional tariffs and import bans while seeking to spare energy markets, noting trade talks are halted as President Trump weighs multiple options.

News detail

Notes, President Trump has many options in front of him. "There are no negotiations happening on trade right now.”

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Geopolitics

Iranian President says that "we will abide by the agreement if America does", Al Jazeera reports citing ISNA; ⁠"Iran will immediately reciprocate if ⁠the US fulfils its commitments under ‌an interim deal signed in June"

Geopolitics

Two oil supertankers were reportedly hit by projectiles in the Strait of Hormuz, reports citing Marisks suggest (details light)

FX/Bonds

[MARKET UPDATE] DXY moves to fresh session highs (99.54), weighing on peers such as EUR & GBP; USD/JPY heads back towards the 160.00 level; move appears to be contained within the FX space