08/05/2026 08:25
The Guardian
The US said it carried out strikes on Iranian military targets after an attack on three American destroyers in the strait of HormuzIt has been a week of dizzying, whiplash news in the Iran war.Seven days ago, the US-Iran ceasefire was holding but negotiations seemed stalled, or inching forward at best. With the strait of Hormuz effectively choked off by Iran, and the US Navy blockading Iranian ports, there was talk of a one-page memorandum being passed between Washington and Tehran to break the stalemate.Questions around the ceasefire have already had a market impact in Asia overnight, where all the major equity indices have lost ground. That includes the Nikkei (-0.69%), the KOSPI (-0.73%), Hang Seng (-1.17%), CSI 300 (-0.90%) and the Shanghai Comp (-0.43%).Moreover, European equity futures are down, with those on the FTSE 100 (-0.70%) and the DAX (-0.87%) both lower, although US futures have picked up a bit after yesterday’s losses, with S&P 500 futures up +0.21%. Continue reading...
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