bbc_business

Trump says US to 'guide' stranded ships through Strait of Hormuz

trump says the us will start guiding stranded ships out of the strait of hormuz from monday, calling the operation "project freedom". he posted on social media that any interference will be "dealt with forcefully". us central command said 15,000 personnel, guided-missile destroyers, and over 100 aircraft are involved.

an estimated 20,000 sailors have been trapped in the gulf since the war with iran began in february. about 20% of the world's oil and lng usually passes through the strait. late sunday, uk maritime trade operations reported a tanker was hit by an "unknown projectile" in the strait; the crew is safe.

trump's announcement came as iran reviews a us response to its latest peace proposal, delivered via pakistan. iran's 14-point plan calls for washington to withdraw forces near iran's borders, end the naval blockade, and cease all hostilities — including israel's offensive in lebanon — within 30 days. trump told israel's kan news the proposal was unacceptable to him.

source: bbc_business
sentiment: -0.30 · impact: 0.80

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