Daily brief
Multiple reports highlight a standoff between the US and Iran over sanctions and a blockade in the Strait of Hormuz, with Saudi Arabia urging an end to the blockade and Iranian ports facing heavy costs. A sanctioned Chinese tanker reportedly passed through the strait amid the blockade.
Russia struggles to restore oil exports from a key Black Sea port, with two reports noting ongoing difficulties in boosting flows.
Amazon buys a satellite firm amid rivalry with Starlink.
Austrian BAWAG agrees to a billion-euro share deal with Irish PTSB.