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South Korean Import Prices (Aug YY) 15.6% (Prev. 18.7%)

StockNow breaking-news AI analysis

South Korean import prices rose 15.6% year-on-year in August, slowing from the prior reading of 18.7%.

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Geopolitics

IRGC Navy says the Strait of Hormuz is closed and remains under the control of the IRGC Navy, reports Tasnim; The supertanker "Algaya", which was attempting to pass through the restricted area south of the Strait of Hormuz, exploded after hitting a mine

U.S. Markets

Citi (C) expects FY DOTCE to finish a bit above the 11% top end of its 10-11% guidance range

CGeopolitics

Iran's Rezaee says don’t get distracted by US President’s mixed signals from no negotiations to we’re ready to talk, stakes around oil and straits have changed, damage control won’t stop what’s coming, no talks until Iran's conditions are met period!