05/08/2026 – United States – Iran: Qatar, Oman, and Pakistan broker text to unblock navigation via Hormuz – Read more news
GAS & POWER: News circulated yesterday afternoon of a diplomatic rapprochement between the United States and Iran prompted prices to adjust from recent highs, but found initial solid support in the 55 €/MWh area. The Qatari mediators indicated, however, that specific scheduling regarding possible meetings between the parties would not yet be set, and the only objective at the moment would be to resolve the critical situation regarding navigation via Hormuz, leaving the remaining topics for a later date. Trump's renewed threats – without a deal Iran will be hit very hard – ultimately leave room for sessions of high volatility.
EQUITY: U.S. Treasury Secretary Bessent confirmed the U.S. safeguard intervention against the Japanese Yen, which reached 40-year lows last week, in the interest of safeguarding both regional financial stability and direct economic relations between the two countries – Japan ranks first among foreign countries holding U.S. debt.
EQUITY: U.S. Treasury Secretary Bessent confirmed the U.S. safeguard intervention against the Japanese Yen, which reached 40-year lows last week, in the interest of safeguarding both regional financial stability and direct economic relations between the two countries – Japan ranks first among foreign countries holding U.S. debt.
