Key Takeaways:
Despite little progress in a U.S.-Iran framework for a peace deal or an agreement itself, vessel transits are picking up in the Strait of Hormuz (SOH). On Wednesday morning, Kpler reported 31 verified vessel transits of the SOH in a positive sign of increased activity in the strait and the largest daily transit volume since the war started. Oman confirmed it is working with the IMO to provide a temporary corridor for vessels looking to transit the SOH and vessels will need to coordinate with the IMO for passage. Iran and Oman also issued a joint statement that reaffirmed a commitment to safe passage of vessels through the SOH but also reasserted their sovereignty over their territorial waters. WPI remains highly skepti...
What You Need to Know Today: Tensions in the Middle East escalated over the weekend with Iran demanding the U.S. make multiple concessions that are likely non-starters before traffic can flow through the Strait of Hormuz again. Saudi Arabia, Pakistan, and Turkey signed a mutual defense agreeme...
Senator John Boozman (R-Arkansas) has urged farmers to apply pressure on the failed farm bill during the August recess. His intent is to hold another vote on the legislation as soon as possible upon the Senate’s return from a five-week break on 14 September. From a parliamentary perspecti...
