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Secretary of State Marco Rubio stated during a joint news conference that the United States will not accept any claim that the Strait of Hormuz belongs to a single country. The remarks were made alongside Bahrain’s foreign minister in Manama.
realitytea.comU.S. Secretary of State Marco Rubio said the United States will not accept any claim that the Strait of Hormuz belongs to a single country. The statement came during a news conference with Bahrain’s foreign minister in Manama.
Context of the remarks Rubio spoke as part of ongoing diplomatic activity in the region. No additional policy measures were announced at the event. The Strait of Hormuz remains a key transit route for oil shipments from the Persian Gulf.
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businesstoday.inThe Federal Reserve's preferred inflation gauge rose to a three-year high in May. Consumer spending and income both increased more than expected while GDP for the first quarter was revised higher.
theiranproject.comBrent crude fell to $72.24 a barrel on Thursday. More tankers exited the Strait of Hormuz, pushing prices back to levels seen before the February attacks on Tehran.
qz.comMicron Technology reported third-quarter profit of $28.2 billion, up nearly 15 times from a year earlier, and said customers had committed $22 billion for future chip supplies. The results reversed a sharp sell-off in AI-related stocks that hit markets earlier in the week.