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Trump says U.S. will 'free' ships trapped in Persian Gulf by Strait of Hormuz closure

trump said sunday the u.s. will try to "free" cargo ships stranded in the persian gulf since the strait of hormuz closed when the war with iran began. the effort, called "project freedom" in a truth social post, starts monday. trump said it's focused on civilian ships flagged in non-conflict countries, so they can "freely and ably get on with their business."

the strait has been largely impassable since the war broke out. about 20% of the world's crude oil transits it. iran blocked transit by firing on ships and laying mines. centcom said the operation will include guided-missile destroyers, over 100 aircraft, unmanned platforms, and 15,000 service members. trump gave no details on how the u.s. will conduct it, or how iran will respond. the white house didn't answer requests for more info.

the u.s. and iran have been in a fragile ceasefire for over two weeks. talks haven't yielded a deal. trump said allowing ships to leave would show goodwill in peace talks, but warned interference "will have to be dealt with forcefully."

source: cnbc_topnews
sentiment: -0.30 · impact: 0.90

Oil prices climb after disputed report of Iran strike on U.S. warship in the Strait of Hormuz

oil started the week higher on a disputed claim of an iranian strike on a u.s. navy ship in the strait of hormuz. the report, which hasn't been confirmed by u.s. officials, added fresh volatility to crude markets. the strait of hormuz is a key chokepoint

The markets are in the early stages of pricing in stagflation. Here’s what happens next.

source: marketwatch_top sentiment: -0.70 · impact: 0.80

Warsh's take on Fed independence is met with confusion and some concern

kevin warsh, trump's pick to lead the fed, is drawing confusion from six former fed officials over his views on fed independence. the sticking point: he draws a line between monetary policy — which he says should be "strictly independent" — and "non-monetary matters" like international

'Bubble effect': Weight loss drug fueled growth is putting the pharma sector at risk, report finds

the weight-loss and diabetes drug boom is creating a bubble risk for pharma, according to a deloitte report out monday. r&d returns for the top 20 pharma companies hit 7% for a third straight year, driven almost entirely by glp-1 drugs like wegovy and zepbound. strip those out

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Oil prices climb after disputed report of Iran strike on U.S. warship in the Strait of Hormuz

The markets are in the early stages of pricing in stagflation. Here’s what happens next.

Warsh's take on Fed independence is met with confusion and some concern

'Bubble effect': Weight loss drug fueled growth is putting the pharma sector at risk, report finds