EUR/USD
1.13874
0.179%
Gold
4026.31
-1.232%
Oil
78.276
-3.565%
USD/JPY
163.803
0.042%
GBP/USD
1.32866
-0.008%
GBP/JPY
217.643
0.054%
Real-time News
Shares of Lucid Group (LCID.O) surged more than 25% after the company released a 13G filing showing that a Saudi prince holds shares in the company.Both WTI and Brent crude oil prices rebounded slightly in the short term, currently trading at $78.48/barrel and $82.16/barrel respectively.On July 29, Yemens Houthi rebels claimed on Tuesday that they had fired a ballistic missile at the Saudi oil tanker "NCC Ghazal," accusing the vessel of violating their naval blockade of Saudi Arabia in the Red Sea and ignoring warnings. Houthi military spokesman Yahya Sarreya stated that the vessel had been forced to return to port.July 29th - According to Irans Tasnim News Agency, Irans Deputy Foreign Minister stated that he has proposed negotiations with Oman on a temporary shipping route through the Strait of Hormuz. If an agreement is reached, this route would replace the current north-south shipping lanes. The Iranian Deputy Foreign Minister stated that Oman has proposed a shipping lane with 50% controlled by Iran and 50% by Oman. Iran has stated that this does not address its concerns. It has stated that the inlet shipping lane should be entirely controlled by Iran, and a portion of the outlet shipping lane should also be controlled by Iran. If they accept this arrangement, we will move to the next stage. We will never recognize the southern shipping lane of the Strait of Hormuz, not even for an hour. If Oman does not accept Irans proposal regarding the Strait of Hormuz, the strait will remain closed, and we are prepared to resume war. Under no circumstances will we recognize the southern shipping lane of the strait. Our proposal is that one channel of the strait must be entirely controlled by Iran, and a portion of the other channel should also be controlled by Iran. This proposal is clear, and Iran will not accept any other proposal.According to Russian media, a visit to Russia by US Middle East envoys Witkov and Kushner is possible in the coming weeks, but nothing is certain yet.
