Private equity group Cerberus is nearing a deal worth almost £1bn to acquire the defence unit of London-listed engineering group Goodwin.
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Financial TimesOriginal★★☆☆☆2026-09-08 13:43
Sandoz CEO Richard Saynor warns that steep U.S. tariffs on imported generic drugs could force manufacturers to raise prices or reduce supply, leaving patients to bear the cost.
C
CNBCOriginal★★★☆☆2026-09-08 13:31
Across Canada, businesses are losing orders, considering job cuts and absorbing higher costs as they reel from the shock of US tariffs.
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Bloomberg NewsOriginal★★★★☆2026-09-08 13:30
Canada’s retaliatory tariffs on billions of dollars in US goods took effect Tuesday, intensifying the trade war between the two North American neighbors. A day earlier, Trump threatened to block Bombardier Aviation from selling in the US unless the Quebec-based aircraft maker moves manufacturing there.
Canada’s retaliatory tariffs on roughly 700 U.S. products are taking effect as the trade war intensifies. With less than two months before the November midterms, the war with Iran, tariffs and surging gas prices are weighing on American voters.
Retaliatory Canadian duties reaching 50% on billions of dollars in US goods began on Tuesday, deepening the 18-month commercial confrontation between the neighbouring North American countries.
As Canada’s retaliatory tariffs take effect, automakers and businesses on both sides of the border warn that the escalating trade war will raise costs, disrupt supply chains and threaten jobs. The measures are particularly concerning for the closely linked auto industries in Ontario and Michigan, while Canadians are also cutting back on travel.
Bitcoin miner and cloud-mining provider BitFuFu reported a 55.4% rebound in August production to 174 BTC as new capacity came online. Cloud-mining customers supplied most of the increase, but their coins are excluded from company holdings. BitFuFu’s self-mining output reached 88 BTC and holdings rose to 1,373 BTC, still 298 BTC below June.
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CryptoSlateOriginal★★☆☆☆2026-09-08 13:30
Two Prime CEO Alexander Blume says Bitcoin’s rebound may have further to run, as subdued funding rates and continued call selling indicate that excessive speculation is not yet driving the move.
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CoinDeskOriginal★★☆☆☆2026-09-08 13:18
Germany’s gas storage facilities could be completely depleted as early as early February 2027 if the coming winter is cold, according to INES. Storage is expected to reach no more than 77% by November 1, while the level was 54% on September 6, down 19 percentage points from a year earlier. An extremely cold winter could cause fuel shortages.
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TASSOriginal★★★☆☆2026-09-08 13:12
Bitmine has purchased another $69 million worth of ETH. At its current buying pace, Tom Lee’s Ethereum treasury firm could reach its crypto accumulation goal in another seven weeks.
CCoinDeskOriginal★★☆☆☆2026-09-08 13:06
Uzbek companies in fashion, traditional crafts, electronics and manufactured goods are increasingly focusing on building brands that can compete domestically while reaching consumers abroad.
EeuronewsOriginal★★☆☆☆2026-09-08 13:00
The Bank of Russia bought 5.9 billion rubles ($68.14 million) worth of yuan on the domestic market, with settlement on September 7, 2026. Foreign-currency purchases settled on September 4 totaled the same amount. The operations use the yuan-ruble instrument on the Moscow Exchange’s foreign-exchange section.
TTASSOriginal★★☆☆☆2026-09-08 12:47
Volkswagen is considering selling Ducati, the motorcycle maker owned by its Audi division, Bloomberg News reported, citing an interview with Audi CEO Gernot Dollner.
R
ReutersOriginal★★☆☆☆2026-09-08 12:45
Russian and Chinese airlines are operating 309 flights a week between the two countries during the 2026 summer season, up from 230 a year earlier, Russia’s Transport Ministry said. Russian airlines carried more than 1.3 million passengers in the first seven months, 50% more than a year earlier.
TTASSOriginal★★☆☆☆2026-09-08 12:44
The Ethereum Foundation’s Protocol cluster declined to include EIP-8363, which would burn part of validators’ issuance rewards, in its own priorities. It withheld judgment on the proposal and called for broader ecosystem participation on issuance policy. Current issuance dilutes unstaked holders while rewarding validators; reducing it could limit dilution, but claims about protecting smaller operators remain contested.
CCryptoSlateOriginal★★☆☆☆2026-09-08 12:35
The Russian Transport Ministry said sea freight between Russian and Chinese ports reached 109.5 million metric tons in the first half of 2026, up 19.2% from a year earlier. The two sides also noted strong cooperation in implementing state port-control procedures.
TTASSOriginal★★☆☆☆2026-09-08 12:32
Road freight between Russia and China rose 35% in the first five months of 2026, Russia’s Transport Ministry said. The countries agreed to exchange an additional 65,000 transport permits each this year. Russian airlines carried over 1.3 million passengers, while weekly flights rose to 309. Rail and sea freight also increased.
Copper has rallied sharply since the beginning of last year, reaching a new intraday record above $14,600 per metric ton on the London Metal Exchange in early September.
BBloomberg NewsOriginal★★★☆☆2026-09-08 12:30
Amazon has hired banks for its first-ever sterling bond sale, according to a memo seen by Reuters. The move comes as hyperscalers race to raise funds in multiple currencies to finance the artificial intelligence boom.
RReutersOriginal★★☆☆☆2026-09-08 12:25
Strategy repurchased $176 million worth of STRC shares while making no bitcoin purchases or sales. Its total bitcoin holdings represent about 4% of the 21 million supply cap and are worth roughly $66 billion.
TThe BlockOriginal★★☆☆☆2026-09-08 12:20
More than 71% of bitcoin supply is currently in profit, Bitfinex said, bringing the market close to a level that has historically signaled transitions from bear to bull conditions. Volatility remains subdued.
TThe BlockOriginal★★☆☆☆2026-09-08 12:08
Serbia and Uzbekistan are looking to deepen trade during Uzbek President Shavkat Mirziyoyev’s visit to Belgrade. Bilateral trade hit a record $41.9 million in 2025, while Serbian agri-food exports climbed 54.1% in the first seven months of 2026. The countries are also discussing a free trade agreement and new investment projects.
EeuronewsOriginal★★★☆☆2026-09-08 12:03
The University of Hong Kong Business School has launched the city’s first university-led wealth management academy. It will bring together policymakers, financial institutions and academics to train professionals for Hong Kong’s expanding private-wealth, asset-management and family-office industries, which are competing for talent to serve increasingly sophisticated international clients.
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South China Morning PostOriginal★★☆☆☆2026-09-08 12:02
Italy has proposed waiving smaller merchant fees for digital euro payments below €10. The measure has backing from the central banking community as final talks on the currency’s rollout continue in Brussels.
EeuronewsOriginal★★☆☆☆2026-09-08 11:55
The Trump administration is seeking broader U.S. access to Venezuela’s mineral resources, including gold, according to three people familiar with the discussions. The effort expands Washington’s push for control and influence over the South American country’s vast natural wealth beyond oil.
RReutersOriginal★★★★☆2026-09-08 11:45
Some developers of critical mineral projects selected by the EU have sought urgent funding, saying liquidity constraints could put certain projects at risk and hamper the bloc’s efforts to reduce its dependence on China, according to a document seen by Reuters.
RReutersOriginal★★★★☆2026-09-08 11:35
Russia and Saudi Arabia reaffirmed their commitment to close coordination within OPEC+ to help balance supply and demand in global energy markets, Foreign Minister Sergey Lavrov said. The sides also discussed trade and economic cooperation and expressed interest in sustaining recent growth in turnover.
TTASSOriginal★★★☆☆2026-09-08 11:31
The 2026 China International Fair for Trade in Services will run from September 9 to 13 at Beijing’s Shougang Park, with participants from 90 countries, regions and international organizations and more than 1,830 companies. The fair highlights the shift toward knowledge-intensive, high-value and technology-driven services, along with digitalization, intelligent technologies and green development.
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CGTNOriginal★★★☆☆2026-09-08 11:30
Visa is expanding its data offering for blockchain-based lenders through a new program designed to help issuers of stablecoin-linked cards access loans, as demand for those cards rises sharply.
CCNBCOriginal★★☆☆☆2026-09-08 11:30
Bitcoin ETFs remain $1 billion short of breaking even in 2026, according to a day-ahead outlook for Sept. 8.
CCoinDeskOriginal★★☆☆☆2026-09-08 11:26
Visa’s stablecoin settlement volume has surpassed a $20 billion annualized run rate, while payment volume has grown nearly 200% year over year. The settlement figure is now more than 15 times higher than a year ago.
TThe BlockOriginal★★☆☆☆2026-09-08 11:09
Data tracked by lending platform Curve covered 704 soft-liquidation instances, with a median duration of 14.5 days. The figures show that some DeFi loans can remain viable for weeks after entering the “danger zone.”
CCoinDeskOriginal★★☆☆☆2026-09-08 11:06
Kremlin spokesman Dmitry Peskov said efforts to preserve a unipolar world are very dangerous, arguing that the system is losing competitiveness while taking harsh steps that harm global affairs. He said BRICS represents a global majority seeking an order based on equality, fair competition and protection from illegal sanctions and pressure.
TTASSOriginal★★★★☆2026-09-08 11:03
Kremlin spokesman Dmitry Peskov said the United States is itself eroding confidence in the dollar as a reserve currency. He said restrictions on Russia’s dollar use pushed it toward national currencies, adding that countries will increasingly choose whichever currency benefits them most, rather than targeting any particular country.
Russian Presidential Spokesman Dmitry Peskov told Indian media ahead of the BRICS summit in New Delhi that the group serves its members and states sharing its ideology, and is not aimed at any third party. He called claims that BRICS is an antagonist of Western countries a serious mistake.
The U.S. Department of Energy has awarded grants to small battery technology companies, but the country has only a few years to build capabilities that took China decades to develop.
CCNBCOriginal★★★☆☆2026-09-08 11:00
Official statistics pointed to a South African downturn in Q2 2026, bringing a six-quarter growth streak to an end. That release was the first to properly capture the Iran war’s impact.
RReutersOriginal★★★☆☆2026-09-08 10:45
Bitcoin fell 0.42% since midnight UTC to $78,874, while the CoinDesk 20 rose 0.2% and the memecoin index gained 0.41% as BNB Chain tokens rallied against the broader selloff.
CCoinDeskOriginal★★☆☆☆2026-09-08 10:33
Brazilian oil production and exports have reached record levels this year, driven largely by stronger demand from China as the continuing US-Iran war reshapes global trade and geopolitical ties.
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CNNOriginal★★★☆☆2026-09-08 10:30
A joint survey by Hong Kong’s Securities and Futures Commission and Monetary Authority found that sales of non-exchange-traded investment products reached a record HK$9.9 trillion (US$1.3 trillion) in 2025, up 63 per cent year on year. The number of investors completing at least one transaction rose 33 per cent to more than 1.6 million.
SSouth China Morning PostOriginal★★☆☆☆2026-09-08 10:19
The Irish presidency is urging EU member states to agree on a realistic revenue target for new Europe-wide taxes as it prepares another compromise proposal to finance the next budget.
EeuronewsOriginal★★★★☆2026-09-08 10:06
Germany’s exports declined in July for the first time in five months. Softer demand from China and the eurozone outweighed a recovery in trade with the United States, raising further concerns about the country’s economic recovery.
EeuronewsOriginal★★★☆☆2026-09-08 10:04
German exports unexpectedly declined in July, ending a streak of monthly increases since February as shipments to European Union countries fell.
Russia places particular emphasis on food security and is ready to cooperate with all countries to strengthen it, Kremlin spokesman Dmitry Peskov said. He said Moscow had initiated the creation of a grain exchange, or BRICS grain exchange, and would continue dialogue with the countries concerned, arguing the initiative could contribute to global food security.
TTASSOriginal★★★☆☆2026-09-08 09:57
South Korea’s budget office said stablecoin adoption could save merchants as much as $3.8 billion annually. It also warned that stablecoins could diminish banks’ role as credit intermediaries and destabilize token pegs during mass redemptions.
CCoinDeskOriginal★★★☆☆2026-09-08 09:51
Thirty-year UK government bonds were priced at a yield of about 5.83%, highlighting the pressure that a global bond sell-off is placing on the country’s public finances.
FFinancial TimesOriginal★★★☆☆2026-09-08 09:50
Russia is not pursuing a policy aimed at abandoning the US dollar, Kremlin spokesman Dmitry Peskov said. He explained that some countries restrict Russia’s use of their currencies in trade, prompting it to use the ruble, while stressing that Moscow remains open to all acceptable payment methods and views settlements in national currencies as mutually beneficial.
TTASSOriginal★★★☆☆2026-09-08 09:43
U.S. stock index futures edged lower on Tuesday as renewed hostilities in the Middle East drove oil prices to their highest level since late July, worsening market sentiment ahead of inflation data due later this week.
RReutersOriginal★★★★☆2026-09-08 09:40
Hunter Biden reportedly plans to launch the LAPTOP memecoin on Sept. 9 through Coinbase’s Base network, with some tokens earmarked for wallets that lost money on Donald Trump’s TRUMP token. The project ties Biden’s political identity, the laptop controversy and political outcomes to its token design, testing his criticism of crypto profiteering by the Trump family.
CCryptoSlateOriginal★★☆☆☆2026-09-08 09:35
Crypto traders have turned against the Hunter Biden’s LAPTOP memecoin before its launch. Kraken deleted a promotional post after backlash, while a media group named in the token’s distribution publicly distanced itself from the project.
Hong Kong and Singapore, two of Asia’s leading financial hubs, are considering tax breaks for fund managers as they renew their decades-long competition to retain and attract high-paying finance jobs.
BBloomberg NewsOriginal★★☆☆☆2026-09-08 09:30
Hong Kong’s IPO pipeline remains strong as the city serves as a distinctive link between mainland Chinese technology start-ups and global investors, HKEX CEO Bonnie Chan Yiting said. She added that more mainland companies are considering Hong Kong listings as they seek to expand internationally.
SSouth China Morning PostOriginal★★☆☆☆2026-09-08 09:20
Canada’s retaliatory tariffs of up to 50% on about $19.8 billion in US goods took effect Tuesday, escalating the trade war between the neighbouring countries. US President Donald Trump is also threatening to block sales of all Bombardier aircraft in the United States, despite the Canadian company’s extensive network of US suppliers.
FFrance 24Original★★★★☆2026-09-08 09:16
Donald Trump said on Truth Social that Bombardier should no longer be allowed to sell its aircraft in the United States unless it builds them there.
President Donald Trump threatened to stop Bombardier from selling aircraft in the United States unless the Canadian manufacturer builds them domestically. His warning came as Canada’s retaliatory tariffs of up to 50% on $20 billion in US imports took effect, escalating the trade dispute.
President Donald Trump threatened to prohibit sales of Canadian Bombardier jets unless they are built in the United States, shortly before Canada advanced $20 billion in retaliatory tariffs on US goods. The tariffs took effect at 12:01 a.m. ET Tuesday.
President Donald Trump said Monday that Canadian aerospace company Bombardier should no longer be permitted to sell its planes in the United States. The move opens a new front in his trade war with Canada and has drawn opposition from a Republican senator.
US President Donald Trump threatened on Monday to block Canadian aircraft maker Bombardier from selling in the United States unless it builds planes there. Trump accused Canada of “unjust and unfair” trade practices but gave no explanation of how a ban would work, escalating tensions ahead of Canadian retaliatory tariffs.
President Donald Trump said Monday that Canadian aircraft maker Bombardier must build its products in the United States to continue selling them in the American market.
Donald Trump has warned Canadian aircraft maker Bombardier that it will no longer be allowed to sell jets in the US unless it moves manufacturing there. The threat comes as the Canada-US trade war intensifies, with Ottawa preparing retaliatory tariffs on $20bn of US goods.
Donald Trump has threatened to block Canadian aircraft maker Bombardier from selling in the United States. In January, he also threatened to decertify Bombardier aircraft while accusing Canada of refusing to certify certain US-made Gulfstream planes.
US President Donald Trump says Canada-based aircraft maker Bombardier will no longer be able to sell planes in the United States unless it begins manufacturing them there. He accuses Canada of unfair practices as tensions rise again amid a series of US tariffs and Canadian retaliation.
President Donald Trump threatened to block Bombardier Inc. jets from being sold in the United States as a trade dispute with Canada escalates.
Donald Trump said Canadian aerospace giant Bombardier will not be able to sell in the United States unless it builds there. The announcement came just before Canada’s retaliatory tariffs on $20 billion of U.S. goods were due to take effect Tuesday.
President Donald Trump said Canada-based aircraft maker Bombardier would no longer be allowed to sell in the United States unless it began manufacturing there.
Five bankers said Indian banks have not hedged much of the future interest they must pay on overseas foreign-currency deposits. The resulting potential demand for dollars could add to depreciation pressure if the rupee weakens.
RReutersOriginal★★★☆☆2026-09-08 09:15
Metaplanet has fallen 17% this week after a public note from CEO Simon Gerovich failed to calm investor concerns. The decline comes amid controversy over the company’s expanded Series 10 executive option pool and Gerovich’s ties to MMXX Ventures.
TThe BlockOriginal★★☆☆☆2026-09-08 09:13
Two major brokerages said BYD expects its overseas shipments to exceed 2.5 million vehicles in 2027, citing a group meeting with the Chinese electric vehicle maker’s management.
RReutersOriginal★★☆☆☆2026-09-08 09:10
Jaguar Land Rover says it will eliminate about 4,000 roles worldwide over the next two years, aiming to simplify its organisation and deliver £1.7 billion (€2bn) in savings.
EeuronewsOriginal★★★☆☆2026-09-08 09:01
Electricite de France is selling euro-denominated green hybrid bonds on Tuesday to finance maintenance aimed at keeping its nuclear reactors operating longer, following a summer marked by climate disruption.
BBloomberg NewsOriginal★★☆☆☆2026-09-08 09:00
Poland’s Sejm failed to override President Karol Nawrocki’s veto of legislation needed to implement parts of the EU’s MiCA regulation. Domestic firms remain unable to begin ordinary licensing, while crypto companies authorized in other EU states can enter Poland through MiCA’s cross-border passporting route.
CCryptoSlateOriginal★★☆☆☆2026-09-08 08:50
Bernstein projects 31% upside for Robinhood after its new chain surpassed Solana in fee generation, bringing in $33 million over a 15-day period.
TThe BlockOriginal★★☆☆☆2026-09-08 08:50
China’s goods trade grew 17.6% year on year to 34.78 trillion yuan in the first eight months of 2026, official data showed. Exports rose 14.6% to 20.17 trillion yuan, while imports increased 22% to 14.61 trillion yuan, keeping import growth ahead of exports.
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China News ServiceOriginal★★★☆☆2026-09-08 08:46
China’s total goods trade rose 17.6% year on year to 34.78 trillion yuan in the first eight months of 2026, customs data showed. Exports increased 14.6% and imports 22%. August trade grew 19.8%, with both imports and exports recording double-digit growth for a fourth straight month.
Bitcoin, gold and technology stocks are falling as the yen strengthens, while oil prices and government bond yields rise around the world.
CCoinDeskOriginal★★★☆☆2026-09-08 08:30
Apollo’s spectacular premium in credit is carrying complicated implications.
FFinancial TimesOriginal★★☆☆☆2026-09-08 08:22
The German lender’s asset-management unit will become Deutsche Asset Management, reversing a decision made before its initial public offering.
FFinancial TimesOriginal★★☆☆☆2026-09-08 08:21
Russia’s stock market turned lower after initially gaining at the start of the main trading session. The MOEX and RTS indices were both down 0.19%, while the yuan pared its advance against the ruble.
TTASSOriginal★★☆☆☆2026-09-08 08:16
Iran has raised petrol prices again as declining revenues strain its costly subsidy system. The first 60 litres a month remain at the existing rate, but the next 50 litres for motorists using more than 110 litres will cost 100,000 rials per litre, double the previous price. Reported queues in Tehran and fears of further increases are fuelling unrest concerns.
AAl JazeeraOriginal★★★★☆2026-09-08 08:15
Treasury yields edged higher as investors looked ahead to the release of more key economic data this week.
CCNBCOriginal★★☆☆☆2026-09-08 08:08
Indonesia’s billionaire Hartono family is quietly moving hundreds of millions of dollars offshore as Southeast Asia’s biggest economy loses momentum.
BBloomberg NewsOriginal★★★☆☆2026-09-08 07:52
Indian steel prices are expected to climb further in the coming weeks, executives and analysts said, as post-monsoon infrastructure and automotive demand tightens the market. Rising coking coal costs are also increasing mills’ production expenses.
RReutersOriginal★★★☆☆2026-09-08 07:50
In major EU economies, fewer than one in five broken household appliances is repaired. High costs and the hassle involved drive consumers to buy new products, while repairs still cost European households about €12 billion each year. The question is whether the EU can make repairs easier and cheaper.
EeuronewsOriginal★★☆☆☆2026-09-08 07:31
Hedge fund titan Chris Rokos is leaving the UK, while Britain is set to impose new sanctions on Israel.
BBloomberg NewsOriginal★★☆☆☆2026-09-08 07:30
Canada’s retaliatory duties on $27.6 billion worth of U.S. goods have taken effect as the war of words between Washington and Ottawa continues. Tariffs on U.S. steel and aluminum products have doubled to 50%.
CCNBCOriginal★★★★☆2026-09-08 07:00
Canada has imposed $20 billion in tariffs on US goods, escalating trade tensions between the two countries.
Canada’s retaliatory tariffs on nearly C$28bn worth of US goods, including steel, furniture and clothing, took effect on Tuesday, with rates reaching 50%. Talks remain stalled, while officials on both sides say they want a deal. The US has warned it could respond with further measures, as businesses prepare for a prolonged dispute.
Canada’s retaliatory tariffs on roughly $20 billion in U.S. goods take effect Tuesday, turning its escalating trade war with President Donald Trump into a test watched well beyond North America: Can a country much smaller than the United States stand up to Trump and succeed?
Canada’s retaliatory tariffs on billions of dollars’ worth of US products took effect Tuesday as the trade war between the two North American neighbours intensifies.
Canada has begun imposing 15% to 50% retaliatory tariffs on nearly $20bn of US imports, covering more than 700 products including steel, appliances, farm equipment and dairy. The measures match Washington’s levies dollar-for-dollar and further escalate the trade dispute.
Canada will impose 15% to 50% tariffs on C$27.6bn of US imports from early Tuesday, targeting sectors including steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics. The counter-measures follow Donald Trump’s 50% tariffs on Canadian goods and come as tensions between Trump and Mark Carney intensify.
Trade negotiations collapsed last month, triggering tit-for-tat tariff threats. Canada’s retaliatory duties are now set to target US products, while Trump warns the dispute could escalate.
Canada is poised to levy 15% to 50% tariffs on hundreds of US products on Tuesday. Prime Minister Mark Carney is betting that confronting President Donald Trump will ultimately strengthen Ottawa’s negotiating position with its largest trading partner.
Crypto exchange Bit2Me has created a specialized unit to help law enforcement track cryptocurrency assets. The move formalizes previous operations, including the processing in 2025 of €1.5 million in seized crypto for agencies such as Interpol and Europol.
CCoinDeskOriginal★★☆☆☆2026-09-08 07:00
A powerful rally in the yen ahead of an expected Bank of Japan rate hike next week is disrupting the long-established, profitable carry trade. Investors are reassessing the path of the volatile currency.
RReutersOriginal★★☆☆☆2026-09-08 06:40
Germany’s gas and hydrogen storage association INES says gas reserves are at their lowest level for this point in 15 years and could run out during an extremely cold winter. Storage was at 53% of capacity in early September. The government sees no cause for panic, citing LNG terminals and pipeline supplies from Norway. Chancellor Friedrich Merz says he will remain in office after the AfD’s state election victory.
DDWOriginal★★★☆☆2026-09-08 06:31
Hong Kong’s Financial Services Development Council recommends allowing the Mandatory Provident Fund to invest in a wider range of assets and attracting long-term mainland capital, including pension funds, to invest globally through the city. The MPF holds HK$1.67 trillion in assets and currently invests in stocks, bonds and deposits.
SSouth China Morning PostOriginal★★☆☆☆2026-09-08 06:30
Hong Kong and mainland Chinese stocks face a pivotal week as investors weigh US inflation data, a stronger Japanese yen and upcoming monetary-policy decisions by two major central banks. Friday’s US consumer-price report will be closely watched ahead of the Federal Reserve’s meeting next week, amid signals that inflation control will be a priority.
SSouth China Morning PostOriginal★★☆☆☆2026-09-08 06:19
Oil prices are moving higher as attacks on ships and refineries intensify across the Middle East, pushing Brent crude back toward $100 a barrel.
CCNBCOriginal★★★★☆2026-09-08 06:07
Oil prices extended their gains on Tuesday as the prospect of a prolonged Middle East conflict increased. Iran’s threat to retaliate against any new U.S. attacks on its assets heightened concerns that supplies could be disrupted.
Seven vessels transited the Strait of Hormuz on Monday, down from eight on Sunday, Reuters reported, citing Kpler. Traffic fell after Iran threatened to retaliate against any new US attacks, while cargo traffic through Bab el-Mandeb rose to 29 vessels from 17.
Iran warns that pressure from the United States could lead to the establishment of a maritime exclusion zone in the Gulf.
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