🇺🇸 Fed's Goolsbee says inflation remains the key concern, with core still too high and moving in the wrong direction.
• Services inflation the most troubling component, though the latest PCE offered some modest encouragement
• Flagged risk that AI driven spending expectations could prove inflationary if productivity gains are priced in before they materialise
🇮🇷 🇸🇬 🇺🇸 Iran attacks a cargo ship, testing Trump's deal to reopen Strait via @WSJ
• First attack since the deal to reopen the Strait of Hormuz was signed by the U.S. and Iran
• Singaporean-flagged EVER LOVELY was the cargo ship that was hit by a projectile launched by Iran
• It sustained damage to the bridge but no casualities were reported
• It loaded cargo in Umm Qasr, Iraq and was struck off the coast of Oman while attempting to transit the Strait of Hormuz
• No warning was given by the IRGC before the vessel was hit
• EVER LOVELY was leading a group of three other ships who were also attempting to transit the Strait
#oott
UKMTO issues a warning:
• Incident 7.5NM southest of Dahit, Oman
• Cargo vessel hit on starboard side by unkown projectile
• Damage caused to the bridge
• No casualities or environmental impact reported
#oott
UN's shipping agency suspends its evacuation plan for stranded ships and seafarers in the Strait of Hormuz following a ship attack in the Gulf of Oman.
• Plan will remain on hold until further clarity obtained.
• Attacked vessel did not transit under UN's evacuation framework.
🇺🇦 🇷🇺 Volodymyr Zelensky, President of Ukraine:
• The Security Service of Ukraine approved the conduct of a 40-day operation to influence Russia with the aim of persuading it to end the war.
$AAPL shares down 6% after raising prices across its MacBook and iPad lineup, citing surging memory chip costs.
• Largest decline in share price since April 2025
• Heavy increases in pricing.
• Apple passing cost increases directly to customers.
• Investors remain uncertain over Apple's chip costing and supply.
🇮🇷 The IRGC issues a warning to vessels transiting the Strait of Hormuz via undesignated routes and without permission
"Vessels transiting outside of the designated routes are responsible for any consequences"
h/t @_MartinKelly_#oott
UKMTO issues a warning:
• Incident 7.5NM southest of Dahit, Oman
• Cargo vessel hit on starboard side by unkown projectile
• Damage caused to the bridge
• No casualities or environmental impact reported
#oott
UKMTO issues a warning:
• Incident 7.5NM southest of Dahit, Oman
• Cargo vessel hit on starboard side by unkown projectile
• Damage caused to the bridge
• No casualities or environmental impact reported
#oott
🇮🇷
• Iran wants to charge ships transiting the Strait of Hormuz for security, safety and environmental services
• The plan could generate up to $40 billion a year for states involved, if adopted
• Tehran is comparing the proposal to Turkey’s fees on ships using the Dardanelles
• Iran is pitching the idea to China and other Middle Eastern countries
via @WSJ
🇱🇧 🇮🇱
• Lebanon and Israel talks have reached a “dead end” due to the issue of Israel’s withdrawal, or lack thereof, from southern Lebanon
• The Trump administration is pushing for an agreement that includes a "phased withdrawal" of Israel from southern Lebanon
via @AlArabiya_Eng
🇮🇷 The IRGC issues a warning to vessels transiting the Strait of Hormuz via undesignated routes and without permission
"Vessels transiting outside of the designated routes are responsible for any consequences"
h/t @_MartinKelly_#oott
🇮🇷 The IRGC issues a warning to vessels transiting the Strait of Hormuz via undesignated routes and without permission
"Vessels transiting outside of the designated routes are responsible for any consequences"
h/t @_MartinKelly_#oott
🚨 Four tankers turned around in the Strait of Hormuz while transiting the southern shipping corridor in Omani waters.
The maneuver followed an IRGC broadcast on VHF Channel 16 stating: "Transit only with IRGC permission, on designated routes. No permission, AIS off, or off-route, and you carry the consequences."
This is a developing situation. Stay tuned for updates.