Key development: Trump says no Iran talks are planned while the Strait of Hormuz remains open amid reduced shipping traffic and UAE suspension of trade with Tehran.
Economy
(Update) Trump says no Iran talks are planned and the Strait of Hormuz remains open. Despite reduced shipping traffic, a projectile striking a vessel, and the UAE saying two Iranian ballistic missiles landed in or near its waters. (france24)
Context: On Tuesday, Trump said no talks with Iran were planned. At the same time, shipping traffic through the Strait has slowed, a projectile struck a vessel, the UAE said two Iranian ballistic missiles landed in or near its waters, and Oman and Iran neared a deal on the waterway.
Sources: france24
What to watch: Whether Oman and Iran finalize the reported waterway deal and whether the UAE’s trade suspension holds.