FINWIRES · TerminalLIVE
FINWIRES

Update: Market Chatter: Iran Allows Shipping via Hormuz With Conditions Amid Ceasefire

-- (Updates to add IRGC Navy statement cited by Iranian state media.)

Iran will permit only commercial ships to transit through the Strait of Hormuz, subject to outlined conditions, Tasneem News Agency reported Friday, citing an informed source.

An informed source said the arrangement with the US initially allowed a set number of vessels to pass daily following a ceasefire mediated by Pakistan, the report said.

The source said Iran later suspended the transit plan after the Lebanon ceasefire failed, the report added.

Iran has set three conditions for ships transiting the Strait of Hormuz, requiring vessels to be commercial only, barring military ships and prohibiting any cargo linked to hostile countries, the source said.

The source added vessels must use routes designated by Iran and coordinate passage with Iranian forces, according to the report.

The reopening remains contingent on meeting preconditions, particularly a ceasefire in Lebanon, which Iran views as a critical factor in sustaining maritime access through the chokepoint, the report added.

The source warned that any continuation of naval blockades would be treated as a breach of the ceasefire, potentially triggering a renewed halt in shipping through the strait.

Foreign Minister Abbas Araqchi said commercial vessels would have full access during the ceasefire period, provided they follow coordinated routes set by Iran's Ports and Maritime Organization, the report said.

US President Donald Trump said the Strait of Hormuz is open for business, but added that a naval blockade targeting Iran will remain until bilateral negotiations are fully completed.

In a subsequent statement, the Islamic Revolutionary Guard Corps. Navy command said Friday it has introduced a new operating framework in the Strait of Hormuz, tightening control over vessel movements under the current ceasefire conditions.

The statement said only civilian vessels will be allowed to transit through routes designated by Iran, while military ships remain barred from entering the strategic waterway.

It added that all ship movements must receive prior approval from the IRGC Navy and will be permitted only in line with ceasefire terms tied to the Lebanon truce.

has reached out to Iran's Ministry of Foreign Affairs for any comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Related Articles

Research

Research Alert: CFRA Maintains Buy Rating On Shares Of Quest Diagnostics

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our 12-month price target at $235. This is based on a forward P/E of 21.9x our 2026 EPS estimate, a premium to DGX's three-year forward average of 16.8x due to our view of strengthening sales and earnings growth, backed by higher health care utilization trends and some regulatory relief due to postponement of lab reimbursement cuts until at least 2027. We think lab testing providers remain a relatively well-positioned area within health care given lower policy risks, supportive testing demand, and attractive earnings growth potential. On a compounded annual basis from 2025-2028, we expect near 8% EPS growth, raising our 2026 EPS to $10.73 from $10.60 and 2027 EPS to $11.50 from $11.42. We also anticipate additional smaller M&A opportunities, along with healthy dividend increases (recent 7.5% boost; shares yield 1.7%) as cash flow generation remains supportive over the near term.

$DGX
Research

Research Alert: Pega: Q1 Results Miss, But Strength In Pega Cloud Offsets

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:PEGA reported total revenue of $430M, missing consensus by $37.2M and declining 10% Y/Y, while non-GAAP EPS of $0.46 missed by $0.23 and fell 39% Y/Y. However, Pega Cloud revenue surged 36% Y/Y to $205M, now representing 47.7% of total revenue and validating the cloud transition thesis. Pega Cloud annual contract value (ACV) acceleration remains the standout metric, growing 29% Y/Y to $906.7M and accelerating from 23% growth in Q1, demonstrating continued strong demand for the company's AI workflow automation platform. Total ACV grew 12% Y/Y to $1.62B, with backlog increasing 16% Y/Y to $2.01B providing revenue visibility. We believe the robust cash flow generation of $206.5M in free cash flow and a solid balance sheet with $474M in cash provides financial flexibility for continued AI investment. Despite near-term profitability pressure, we expect the sustained Pega Cloud momentum and strong ACV growth to support the business transformation.

$PEGA
Asia

Air New Zealand CFO to Resign

Air New Zealand (ASX:AIZ, NZE:AIR) said that Chief Financial Officer Richard Thomson has resigned, effective Aug. 28, according to a Wednesday filing with the New Zealand bourse.The airline has started the process of searching for a new CFO, the filing added.

$ASX:AIZ$NZE:AIR