BOE GOV. BAILEY: TARIFFS ARE NOT THE RIGHT WAY TO ADDRESS IMBALANCES

Iran has proposed allowing ships to transit freely along the Oman side of the Strait of Hormuz without risk of attack as part of negotiations with the US, according to a source briefed on the talks. The proposal would aim to reduce disruption to global energy flows, which have been heavily impacted since the conflict began, with the strait handling about 20% of global oil and LNG shipments. Details remain unclear on whether restrictions on certain vessels or any naval obstacles would be lifted. The offer is contingent on Washington meeting Tehran’s broader conditions in a potential deal.

深证成指涨1%，创业板指涨1.6%，沪指涨0.37%。