Iran's ambassador to Moscow: the Strait of Hormuz will be open but with transit fees
Iran's ambassador to Moscow, Kazem Jalali, said that the Strait of Hormuz will be open but under new conditions to be set by Iran and Oman, including a transit fee, Reuters reported on Monday.
"Of course, this strait will be open, but with new conditions to be determined by the Iranian and Omani authorities," Ambassador Kazem Jalali said. "We understand that Iran and Oman provide certain services related to this strait. And fees will be charged for those services," he added.
Market reaction
At the time of writing, the West Texas Intermediate (WTI) is up 4.60% on the day at $92.65.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI investment and consumer spending drive growth! UK Q3 GDP growth rate hits highest in two and a half years
As the widespread adoption of artificial intelligence (AI) continues to drive growth in corporate and consumer spending, and the economy demonstrates resilience in the face of an energy shock caused by the Iran war, the UK economy has achieved its fastest growth rate in two and a half years.
MSCI drops Strategy, Bitcoin eyes $70,000 as ETF outflows hit $300 million
AI servers + iPhone Duo dual engines drive, Foxconn Q3 net profit surges 34%, exceeding expectations
The financial report shows that Hon Hai's net profit for the third quarter reached TWD 77.5 billion, exceeding expectations, while revenue hit a record high of TWD 3.03 trillion. AI servers have become the primary growth engine, with the goal of capturing 50% of the global market share within two years and raising the gross margin to 10%. iPhone Duo sales are expected to reach up to 16 million units. Hon Hai Chairman Liu Yangwei stated that the shortage of memory chips and components will continue until 2027, and the performance forecasts for the company's four major product categories have been raised.
Applied Materials (AMAT): Can Earnings Extend a 24% Rebound?
Crypto prices
More
