Iran nears Strait of Hormuz deal
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Aug 10 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. Asian stocks are mostly firmer, following Friday's Wall Street rally, though European share futures are off as oil rises amid much confusion over the Strait of Hormuz.
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Israel rejects Trump's Gaza plan, more details emerge on the Strait of Hormuz and other Mideast news
Israel on Sunday rejected a deal announced by U.S. President Donald Trump for Gaza. Details emerged on the potential deal between Iran and Oman on managing the Strait of Hormuz as Tehran suggested that vessels linked to “hostile countries” would be barred.
Oman’s statement appears to indicate that the negotiations over the Strait of Hormuz are moving forward positively, which could suggest a shift towards a resolution. Market pricing suggests a slight increase in optimism for a U.S.-Iran agreement by August 31, with YES odds currently at 49%, up from 34.5% for an earlier August 15 deadline.