GeopoliticsIMPORTANTJuly 12 at 05:16 PM

Multiple explosions reported in Bandar Abbas and Sirik in Iran

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Explosions in Iran and the closure of the Strait of Hormuz have spiked oil and gold prices, raising inflation fears and pressuring Fed policy outlooks.

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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

Geopolitics

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

Multiple explosions reported in Bandar Abbas and Sirik in Iran

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