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🇬🇧 UK MP ON IRAN: “WHY is the Iranian ambassador still here?” UK MP Bob Blackman called for the closure of the Iranian Embassy in London and the expulsion of its ambassador and diplomats, calling Iran “the head of the snake that controls all the terrorism in the Middle East.”

🛢️ STRAIT OF HORMUZ—Strait of Hormuz just lit up. Over the last 24 hours, ships have suddenly surged through using Iran’s traffic lanes, signaling growing tension and possible disruption fears in one of the world’s most critical oil chokepoints.

According to the Financial Times, citing a number of people with knowledge on the matter, Chinese President Xi Jinping told U.S. President Donald J. Trump that Russian President Vladimir Putin may regret his invasion of Ukraine. Per the report, President Xi said this during the recent summit in Beijing, China with President Trump and Xi had not gone as far as to suggest such a dynamic in past meetings with former U.S. President Joe Biden. It should be noted that China has provided increasing financial and material support for Russia since they commenced large-scale combat operations against Ukraine in 2022. Such support includes, but is not limited to, dual-use technology/components that indirectly support the Russian war effort and an increase in economic cooperation efforts that aid in Russia’s efforts to insulate its economy from U.S. and EU sanctions regimes.

@MarketNews_Feed c

RESERVE BANK OF AUSTRALIA: A BOARD MEMBER JUDGED CAPACITY CONSTRAINTS TO BE MILDER, WARNING THAT A PROLONGED WAR COULD WEIGH MORE ON DEMAND. ...

IRAN SEEKS LONG TRUCE, HORMUZ REOPENING IN REVISED PROPOSAL LEAKS CITED BY AL ARABIYA REPORT THAT IRAN IS SEEKING A PHASED TRUCE AND GRADUAL REOPENING OF THE STRAIT OF HORMUZ IN A REVISED PROPOSAL. TEHRAN IS ALSO SAID TO BE OPEN TO A LONG-TERM FREEZE OF ITS NUCLEAR PROGRAM INSTEAD OF FULL DISMANTLEMENT, WHILE PROPOSING THAT ENRICHED URANIUM BE TRANSFERRED TO RUSSIA RATHER THAN THE US. ...