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Geopolitics

Several relatively loud explosions were heard in Bandar Abbas, Qeshm, Jask and Sirik, IRNA reports

StockNow breaking-news AI analysis

Explosions and missile exchanges near key Iranian coastal points coincided with tanker attacks in Hormuz, driving crude oil and natural gas prices sharply higher.

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Fed

Fed's Barr (voter) says if inflation doesn't moderate soon, will be time for an interest rate hike

Geopolitics

US Treasury Secretary Bessent says 85-90% of Iran's factories have the ability to rebuild; Iran has the 3rd-greatest energy resource; will probably announce bank sanctions this week and next

Geopolitics

Iranian Parliament Speaker Ghalibaf says Iran’s armed forces have full control of the Strait of Hormuz, claimed US-backed vessels attempting to pass are being confronted, and said recent attacks on Iran were met with a “devastating response"