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IRAN'S FARS NEWS AGENCY, CITING MILITARY SOURCE, SAYS ONLY A CERTAIN NUMBER OF VESSELS PER DAY ARE ALLOWED TO PASS STRAIT OF HORMUZ, THIS AMOUNT IS TO VARY DAILY ACCORDING TO CONDITIONS

Despite their protestations and false statements to the contrary, coupled with the drumbeat of the Fake News, which is doing everything possible to make the U.S. Victory as small and insignificant as possible, Iran has fully and completely agreed to highest level Nuclear inspections long into the future (Infinity!!!). This will insure “Nuclear Honesty.” If they did not agree to this, there would be no further negotiations! Based on this and other major concessions being made by Iran, I have agreed to allow the Hormuz Strait to remain OPEN, with no further Naval Blockade. However, all ships are remaining in place should it be necessary to reinstitute the Blockade, which seems, at this point, highly unlikely. The Money and/or Sanctions that the U.S. Treasury is releasing goes into escrow, controlled by the U.S.A., and will be used for the purchase of food and medical supplies, exclusively from the United States, including Corn, Wheat, and Soybeans from our great American Farmers. These are things that are desperately needed by Iran. This is a humanitarian crisis, and I feel it is necessary to help, NOW, before it is too late. Talks are going well! Thank you for your attention to this matter. President DONALD J. TRUMP TRUMP: I HAVE AGREED TO ALLOW HORMUZ STRAIT TO REMAIN OPEN, WITH NO FURTHER NAVAL BLOCKADE. TRUMP: MONEY BEING RELEASED GOES INTO ESCROW CONTROLLED BY US TRUMP: MONEY U.S. TREASURY IS RELEASING GOES INTO ESCROW, CONTROLLED BY U.S.A., AND WILL BE USED TO BY FOOD AND MEDICAL SUPPLIES FROM THE U.S., INCLUDING CORN, WHEAT, AND SOYBEANS TRUMP: WILL KEEP ALL SHIPS IN PLACE TO REINSTITUE THE BLOCKADE IF NECESSARY

OMAN, IRAN SAY THEY ARE COMMITTED TO ENSURING SAFE PASSAGE THROUGH HORMUZ STRAIT - JOINT STATEMENT OMAN, IRAN BACK STRAIT OF HORMUZ COOPERATION Oman and Iran reaffirmed support for the U.S.-Iran Islamabad Memorandum of Understanding and pledged continued dialogue on its implementation. The two countries agreed to work jointly on the future management of navigation in the… OMAN, IRAN SAY "ALL ARRANGEMENTS RELATING TO STRAIT OF HORMUZ MUST FULLY RESPECT THEIR SOVEREIGNTY AND SOVEREIGN RIGHTS" - JOINT STATEMENT OMAN, IRAN SAY THEY RENEWED THEIR COMMITMENT TO MAINTAINING STRAIT OF HORMUZ AS SAFE AND OPEN WATERWAY FOR INTERNATIONAL NAVIGATION

Good afternoon and thank you for the invitation. It’s a pleasure to be here with Paris Europlace and the Chambre de commerce France-Canada. Six weeks ago, I was here in Paris with G7 finance ministers and central bankers. Much of our meeting focused on the conflict in the Middle East and its implications for near-term growth and inflation. The US-Iran agreement signed last week is a very welcome development and global energy prices have begun to come down, though much remains to be worked out. We also discussed medium-term growth. We expressed concern that global imbalances are widening again, with some countries running large deficits and others running large surpluses that persist over time. And we discussed how to promote more balanced growth over the medium term. This is what I want to talk about today. Renewed G7 focus on global imbalances began last year under Canada’s presidency and has continued under France’s leadership this year. So it seems appropriate that a Canadian central banker talk about global imbalances while here in France. But I will acknowledge that this is not an easy topic. Global imbalances are not front of mind for households or businesses. And they are not even obviously problematic. Indeed, trade deficits and surpluses are an integral part of our mutually beneficial global system of open trade and investment. But when imbalances are too big and too one-sided for too long, they become excessive. When needed adjustment is not happening, imbalances can spill over —and then we all feel it. Through trade and investment flows, exchange rates and asset prices, imbalances can affect employment, inflation and financial security. And they can affect more than our economies—they can affect relations between countries. Canada is BANK OF CANADA'S MACKLEM SPEECH: WARNS RISING ROLE OF HEDGE FUNDS IN GOVT DEBT MARKET MAY BE MAKING THIS MARKET MORE FRAGILE, PRONE TO CONTAGION #finance #hedgefunds #economy BoC: Financial system dominated by new and less regulated players Macklem: while imbalances shift gradually, appeal of U.S. dollar may have prolonged persistence of imbalances Macklem: To build a more balanced and resilient global system, more destinations for savings beyond the U.S. are needed