Iran announces that a temporary route understanding has been reached for the Strait of Hormuz, which is limited to merchant vessels only.
56 minutes ago
Islamic Republic of Iran Broadcasting (IRIB) reported that Iranian Deputy Foreign Minister Ali Bahador Babaei stated that under the newly reached understanding between Iran and Oman on shipping routes in the Strait of Hormuz, routes entering the Persian Gulf will pass through Iranian waters, while routes exiting the Persian Gulf will pass through both Omani and Iranian waters. No warships are allowed to transit the strait; only merchant vessels are permitted. Babaei noted that the Iran-Oman understanding does not mean an immediate opening of the Strait of Hormuz, adding that the above transit arrangements are temporary measures. The two countries will hold negotiations within 30 to 60 days to establish a new permanent shipping route. He emphasized that if Iran’s demands and conditions are not met, the Strait of Hormuz will remain closed. The prerequisites for reopening the strait include a complete end to all hostilities, including the front in Lebanon, lifting of blockades, and a proper resolution to the Yemen issue. Additionally, the U.S. must fully fulfill all its previously unmet commitments. Babaei called the U.S. claim that it has cleared mines from the Strait of Hormuz a "propaganda lie," adding that Iran will strike U.S. minesweepers entering the region.
The crypto market has seen a minor correction, with Bitcoin briefly falling below $78,000, while BNB, SOL, and ZEC dropped below their key price levels.
3 minutes ago
Coinbase submits proposals to the CFTC and SEC regarding product definitions and compliance frameworks for perpetual contract products.
3 minutes ago
South Korea's DRAM export prices surged 401% year-on-year in August, and SK Hynix said next year could be the most supply-constrained year in the memory industry's history.
3 minutes ago
South Korea's KOSPI index opened 0.53% higher, Samsung Electronics rose 1.36%, and SK Hynix gained 1.32%.
3 minutes ago
Sources: The United States and Iran have reached a consensus on the terms of the ceasefire agreement, which is expected to be announced in the coming days.
3 minutes ago
Japan plans to build a blockchain-based real-time settlement system covering stock and government bond transactions.
3 minutes ago
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