US-Iran news: Two missiles hit a US warship near Jask Island after it ignored Iran’s warnings – Fars Senior US official denies a US ship was hit by Iranian missiles – Axios UAE says its oil tanker was fired at by Iranian drones in the Strait of Hormuz Iran says will “respond…
US-Iran news: Two missiles hit a US warship near Jask Island after it ignored Iran’s warnings – Fars Senior US official denies a US ship was hit by Iranian missiles – Axios UAE says its oil tanker was fired at by Iranian drones in the Strait of Hormuz Iran says will “respond harshly”, warns the US against entering the Strait of Hormuz Iran’s IRGC Spokesperson: Any vessel violating Iran’s rules will be stopped by force UKMTO says US has established some security to to support transit along Strait of Hormuz Yen-tervention action: USD/JPY quick dump Latest yen intervention starting to develop a bit of a pattern USD/JPY erases the drop from the likely intervention hit earlier Other headlines: Eurozone factory activity picks up in April but the devil is in the details ECB survey of professional forecasters see higher inflation and lower growth this year ECB policymaker Kažimír says that a rate hike in June is all but inevitable ECB’s Muller: Inflation to accelerate in the coming months Eurozone May Sentix investor confidence -16.4 vs -21.0 expected Markets: WTI crude up 2.3% to $104.30, Brent crude up 2.9% to $111.35 S&P 500 futures down 0.2%, briefly fell by as much as 0.6% before US denies Iranian attack US dollar higher across the board, USD/JPY bounces back after suspected intervention US 10-year yields up 2.4 bps to 4.40% Gold down 1.2% to $4,558 Bitcoin up 0.2% to $78,763 It was a calmer start to the new day, all before a few messy headlines made for a more chaotic last two hours. The US had been planning to make some inroads to guide ships through the Strait of Hormuz, with the move planned for this morning.
The UKMTO did come out to reveal those plans, which were not very convincing to be honest. So, it remains to be seen how effective the transit will be. That especially as it will only be through a very small path below the traffic separation scheme (TSS) route near Oman waters.
But even before we get to that, Iran came out to say that they have launched…