Daily brief
The United States on July 1 sees 10 million barrels of oil transiting the Strait of Hormuz, sapping Iran's leverage as Tehran's oil exports rise to 50 million barrels in two weeks. Iran has agreed to buy goods with part of its frozen $6 billion, while oil edges higher on breakdown in Iran-US talks. Israel sanctions 37 crypto wallets tied to Iran's Revolutionary Guards terror financing.
Millennium and Point72 gain as hedge funds rebound from the Iran war.
Cargo shipments from the UAE return to the Iran route.
by WorldBrief & Maksim Micheliov | AI-generated summary