‘Hormuz remains blocked’: Iran disputes Trump claims as traffic sinks to near 3-month lows
The Persian Strait Gulf Authority said “the Strait of Hormuz remains blocked and will not be reopened until Iran’s conditions are accepted.”
Oil rises on worries over supply disruptions as spill near Oman worsens
News of recent deadly attacks on vessels in the Gulf of Oman and the Red Sea drove oil higher. An oil spill near Oman continued to worsen.
CNBC Daily Open: Markets look past soaring U.S. budget deficit
Signs of potential interest rate hikes remain in focus after the U.S. budget deficit surged to its highest monthly level in more than five years.
South Korea’s Kospi swings from bear to bull-market territory in just over a month on AI trade
South Korean stocks rallied on Thursday, pushing the benchmark Kospi into a technical bull market.
Goldman says Japan’s $1 trillion of reserves leaves ‘plenty of capacity’ for further yen interventions
Japan has enough cash at its disposal for a couple more rounds of yen-buying on the scale of last month’s intervention, Goldman Sachs says.
Japan wholesale inflation eases slightly to 7.2%, undershooting expectations
The PPI reading was lower than the 7.4% expected by economists polled by Reuters, and was down from a revised 7.3% seen in June.
Inside India newsletter: Why global funds are flocking to GIFT City in Modi’s home state
Favorable regulations, a growing local investor base, and tax holidays are giving momentum to India’s GIFT City.
Thursday’s big stock stories: What’s likely to move the market in the next trading session
The S&P 500 ended Wednesday’s trading higher, aided by a tame inflation report. Tune in to CNBC on Thursday morning for Cerebras CEO Andrew Feldman.
Stock futures are little changed as traders await more inflation data: Live updates
The July reading of the producer price index, which gauges what wholesalers pay for raw goods and materials, is set for release Thursday at 8:30 a.m. ET.
Saudi Arabia ramps up oil exports through Mediterranean pipeline to avoid attacks in Red Sea
Oil exports from Egypt’s Mediterranean port of Sidi Kerir have more than doubled. The crude is mostly from Saudi Arabia, according to Kpler.
