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Geopolitics

US senior admin official says Strait of Hormuz is open and ship traffic through it is proceeding at a high rate, while the official adds President Trump made it clear Iran cannot impose fees on the Strait of Hormuz, which is an international waterway

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Says:Active talks are continuing at high levels regarding all aspects of the MOU.

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Eli Lilly (LLY) Q2 2026 (USD): Adj. EPS 8.38 (exp. 6.01), Revenue 23bln (exp. 20.7bln)

LLYGeopolitics

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