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According to Axios, U.S. officials say more than 500 ships have passed through the southern channel of the Strait of Hormuz in the past 30 days, with only about 2% of them being attacked by Iranian drones or missiles.According to Axios: Two U.S. officials confirmed that Trumps earlier announcement that all mines in the Strait of Hormuz had been cleared was true. The U.S. Navy has cleared the central channel of the Strait of Hormuz, the main shipping route connecting Iran and Oman for merchant vessels.On August 26, SpaceX announced plans to build a $100 billion Starship launch site on the south coast of Louisiana, adding a third Starship launch location. Located on Pecan Island, the 125,000-acre site will include five launch complexes, ten launch pads, as well as propellant production, power generation, spacecraft handling, and employee housing facilities. This site will help SpaceX increase the frequency of Starship launches and support its future plans to build up to one million data center satellites. Starship will also be used to launch upgraded Starlink satellites, with orbital data center missions expected as early as 2027, and a planned lunar landing with NASA astronauts as early as 2028.US President Trump: The US is going to make a fortune in the Middle East and the Gulf region.US Treasury Secretary Bessant: The Iranian leadership has acknowledged that economic pressure is working, and the Trump administration will continue to cut off the economic lifeline supporting the Iranian regime until Tehran is isolated.

Trading Strategies

Just starting out? Begin your trading education with our Foundational Trading Knowledge course. Learn about a variety of markets like foreign exchange, commodities and equities and how they operate. Discover the right trading style for you and get to grips with key trading processes and market psychology.

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