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Sentix: Germany’s unique path
The sentix Economic Sentiment Index for the eurozone improved slightly in May, rising by 2.7 points to -16.4 points. This suggests that investors do not, at least, foresee a further escalation of the simmering conflict with Iran. However, concerns about inflation remain high. This stabilisation does not, however, apply to Germany, which finds itself not only in a government crisis but also in a distinct economic trajectory of its own – unfortunately, a negative one. Bucking the trend, the overall index fell by 3.2 points to its lowest level since January 2025. Globally, there are clear signs of easing. This applies ... (full story)
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BREAKING: Two missiles hit a US warship near Jask Island after it ignored Iran's warnings - Iran's Fars News Agency Iran's new Hormuz ‘control zone’ stretches to Fujairah - Tasnim 
Two missiles hit a US warship near Jask Island after it ignored Iran's warnings - Fars Iran’s Fars News Agency reports that two missiles struck a US warship near Jask Island after it allegedly ignored repeated warnings to exit Iranian territorial waters. The incident marks a fracture in the fragile ceasefire that has been in place since early April and occurs just as the Trump administration launched Operation Project Freedom. The strike near Jask Island follows weeks of escalating rhetoric since the failure of the Islamabad peace talks. Iran's Revolutionary Guards warned that coastal defense batteries remain on high alert to target any ship attempting to bypass Iranian checkpoints without authorization. Oil prices jumped and US futures dropped as the risk sentiment turned negative on this latest escalation. IRANIAN NAVY CLAIMS THEY STOPPED U.S. WARSHIPS FROM ENTERING THE STRAIT OF HORMUZ, ACCORDING TO STATE TELEVISION.
Two missiles hit a US warship near Jask Island after it ignored Iran's warnings - Fars Iran’s Fars News Agency reports that two missiles struck a US warship near Jask Island after it allegedly ignored repeated warnings to exit Iranian territorial waters. The incident marks a fracture in the fragile ceasefire that has been in place since early April and occurs just as the Trump administration launched Operation Project Freedom. The strike near Jask Island follows weeks of escalating rhetoric since the failure of the Islamabad peace talks. Iran's Revolutionary Guards warned that coastal defense batteries remain on high alert to target any ship attempting to bypass Iranian checkpoints without authorization. Oil prices jumped and US futures dropped as the risk sentiment turned negative on this latest escalation. IRANIAN NAVY CLAIMS THEY STOPPED U.S. WARSHIPS FROM ENTERING THE STRAIT OF HORMUZ, ACCORDING TO STATE TELEVISION.
Senior U.S. official denies a U.S. ship was hit by Iranian missiles Senior US official denies a US ship was hit by Iranian missiles - Axios Global Affairs Correspondent for Axios, Barack Ravid, said on X that a senior US official denied Iranian missiles hit a US warship. This has triggered a quick reversal in earlier moves after Fars News Agency reported that two missiles struck a US warship near Jask Island after it allegedly ignored repeated warnings to exit Iranian territorial waters. We are likely to get more of such conflicting reports in the next days as tensions in the Strait of Hormuz remain high. This should keep oil prices elevated and risk sentiment a bit more in check as things could escalate very quickly. For now, US stocks are ignoring these risks on expectations that eventually the Strait of Hormuz will be reopened, but the longer this stalemate drags on, the higher the risk that the Fed would need to adopt a tightening bias.
Senior US official denies a US ship was hit by Iranian missiles - Axios Global Affairs Correspondent for Axios, Barack Ravid, said on X that a senior US official denied Iranian missiles hit a US warship. This has triggered a quick reversal in earlier moves after Fars News Agency reported that two missiles struck a US warship near Jask Island after it allegedly ignored repeated warnings to exit Iranian territorial waters. We are likely to get more of such conflicting reports in the next days as tensions in the Strait of Hormuz remain high. This should keep oil prices elevated and risk sentiment a bit more in check as things could escalate very quickly. For now, US stocks are ignoring these risks on expectations that eventually the Strait of Hormuz will be reopened, but the longer this stalemate drags on, the higher the risk that the Fed would need to adopt a tightening bias.
UAE Defence Ministry intercepted three missiles from Iran. UAE detects four missiles coming from Iran. Fourth missile crashed in sea - defense ministry UAE'S FUJAIRAH SAYS FIRE ERUPTS IN PETROLEUM INDUSTRIAL SITE FOLLOWING DRONE ATTACK FROM IRAN UAE air defenses are currently engaging additional missiles and drones, per the Emirati Ministry of Defense.
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