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Global Economy

European HICP Final (Jul) 103.34 vs. Exp. 103.22 (Prev. 103.02)

StockNow breaking-news AI analysis

July HICP confirmed 2.5% YoY inflation. While core prices eased, renewed US-Iran tensions and rising oil prices keep a potential ECB rate hike in September on the table.

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Geopolitics

Yemeni Houthis have placed Saudi Aramco and all its facilities, oil tanks, crude transfer pipelines and export ports on their list of targets, Al-Akhbar sources say; "the process of monitoring and tracking Saudi oil tankers in the Red Sea is ongoing"

Geopolitics

Iranian Deputy Chairman of the Parliament's National Security Commission says "A 'new passage' in the Strait of Hormuz, other than the southern route, will soon be announced in the form of a joint statement with Oman"

Geopolitics

A source close to Iran's negotiating team rejected the White House's claim, saying there had been no direct Iran-US negotiations and that talks with Oman concerned sovereignty over the Strait of Hormuz, Fars News reports