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08:28
Shipowners exercise caution amid sharp decline in shipping traffic through the Strait of Hormuz on Friday
On Friday morning, no oil tankers were seen leaving the Persian Gulf, but a very large crude carrier appeared off the coast of Muscat, the capital of Oman, indicating that the vessel had completed its passage through the strait. An Iranian-affiliated liquefied petroleum gas carrier and a Norwegian-flagged product tanker entered the Persian Gulf. Meanwhile, four fully laden very large crude carriers, which had been previously stranded inside the Gulf, are heading toward the strait. Two Indian-linked very large crude carriers set sail for the strait on Friday, while two others are moving east within the Gulf, reducing their distance to the strait.As the strait briefly calmed, the market began to question whether the US and Iran could finalize the disputed terms of the memorandum of understanding within the 60-day window. The planned bilateral meeting in Switzerland has been canceled; despite US discouragement, the Israeli military continues to strike southern Lebanon.Marisks, a maritime risk consultancy, stated in a research report to clients on Friday: “The outright cancellation of the first round of planned negotiations is a setback for the stability process in the region. If diplomatic dialogue cannot resume, maritime security conditions may remain volatile and all parties involved in shipping will continue to face uncertainty.”
08:20
Polymarket KOL refutes Bloomberg's "insider trading" report: the wallet belongs to an ordinary user known to them, not an insider
Foresight News reported that Polymarket KOL Car posted on Twitter to refute Bloomberg's recent coverage regarding alleged large-scale insider trading on Polymarket. Previously, Bloomberg claimed to have discovered a wallet that made $1.5 million in profits through "insider trading" in Iran-related markets. Car stated that the wallet belonged to an ordinary user known to them, not an insider, and the actual profit was only around $300,000 (not $1.5 million). Bloomberg included the trading volume of this account in the frequent 80% range as profits, causing serious distortion of the data.Additionally, the account previously lost about $120,000 in the "peace agreement" related market, which Bloomberg did not mention. The Polysights data used marked thousands of regular trading accounts (including sports and crypto market traders) as "suspicious", while the vast majority of these accounts were not insider traders.
08:15
The Spanish Banking Association stated in a report that streamlined regulation could release up to 2 trillion euros in credit in Europe.
The Spanish Banking Association stated in a report that regulatory simplification could release €2 trillion in credit lending capacity in Europe.
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