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ECB President Lagarde, speaking on RTE Radio, says growth is a bit more promising than we thought, not seeing second round effects yet

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ECB President Lagarde stated that growth is more promising than anticipated with no second-round effects observed yet, while reiterating a meeting-by-meeting monetary policy stance.

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Reiterates a meeting-by-meeting approach.

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Geopolitics

Source close to the Iranian negotiating team says Tehran has informed Washington, via intermediaries, of its conditions for reopening the Strait of Hormuz, with the minimum conditions based on the “Islamabad understanding”, according to Al-Akhbar

Geopolitics

UKMTO has received a report of an incident in the Strait of Hormuz; The CSO of a vessel has reported a tanker being hit by an unknown projectile causing a fire, which was extinguished

Geopolitics

Iranian IRGC Navy commander says the Togo-flagged Trend tanker was stopped after attempting an unauthorised passage through the Strait of Hormuz, with IRGC naval units targeting the vessel and causing a fire that forced it to halt, IRNA reports