Daily brief
The United States has imposed sanctions on Iran's Persian Gulf Strait Authority, which controls shipping in the Strait of Hormuz, and announced fresh sanctions on Iran's military oil sales. Treasury Secretary Bessent said the US will shut down Iranian airlines' access to landing spots and refueling. The move targets the authority's links to Iran's Islamic Revolutionary Guard Corps (IRGC) and warns ships against dealing with the group.
Oil prices have been fluctuating sharply due to escalating US-Iran tensions and risks in the Strait of Hormuz, jumping after fresh US strikes but later easing on reports of progress toward a peace deal.
S&P 500 and Nasdaq hit record closing highs as US and Iran agree to extend ceasefire.
Iran reconnects to the internet after 88 days of digital darkness.
by WorldBrief & Maksim Micheliov | AI-generated summary