Iran's Fars News reports explosions heard near the US military base in Sheikh Isa, Bahrain.

July 14 — Iran’s deputy foreign minister said passage through the Strait of Hormuz is of little importance to the U.S., a point he said President Trump has acknowledged, but added Washington does not want Iran to exercise de facto sovereignty there. He said Iran never left the negotiating table, accused the U.S. of tearing up the Islamabad memorandum of understanding, and said Iran will not be the first to bow and request talks with the U.S.

PBOC spokesperson and Deputy Governor Zou Lan said at a State Council Information Office briefing on the 15th that the central bank will continue to steadily refine its monetary policy operations framework to better guide market overnight rates to trade close to policy rates. In line with primary dealers’ needs, the PBOC will study gradually increasing the frequency of overnight reverse repo operations and will coordinate communication with the market.