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On July 20 the Saudi-led multinational coalition command said it has begun measures to protect coalition vessels transiting the Bab al-Mandeb Strait and will, under international law and the 1982 UN Convention on the Law of the Sea, take decisive act

2026-07-21

On July 20 the Saudi-led multinational coalition command said it has begun measures to protect coalition vessels transiting the Bab al-Mandeb Strait and will, under international law and the 1982 UN Convention on the Law of the Sea, take decisive action against threats to shipping. Spokesman Turki al-Maliki said the command is undertaking all necessary military measures to ensure coalition ship safety in the strait and will firmly respond to any Houthi threats to merchant vessels, describing such acts as illegal maritime behaviour.

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2026-07-21

Capital Economics senior markets economist James Reilly said in a note the 2- to 10-year US Treasury yield spread is expected to narrow further over the coming months and could invert. He warned escalating tensions in the Strait of Hormuz could trigg

Capital Economics senior markets economist James Reilly said in a note the 2- to 10-year US Treasury yield spread is expected to narrow further over the coming months and could invert. He warned escalating tensions in the Strait of Hormuz could trigger a full inversion. Reilly said a jump in 2-year real yields has driven by the recent flattening and, as lift investors rate expectations, the curve should continue to flatten in the near term.
2026-07-21

Galaxy Securities says Kweichow Moutai has raised iMoutai retail prices multiple times since 2026; given Moutai’s role as a market bellwether, the moves signal the high-end baijiu market may have bottomed and suggest Moutai’s sales pressure has eased

Galaxy Securities says Kweichow Moutai has raised iMoutai retail prices multiple times since 2026; given Moutai’s role as a market bellwether, the moves signal the high-end baijiu market may have bottomed and suggest Moutai’s sales pressure has eased.
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