The Iran draft plan to reopen the Strait of Hormuz reportedly prohibits vessels from ‘hostile’ states including the U.S. and Israel. A U.S. official tells CNBC that any temporary passages must be unimpeded for all. In tech news, Alphabet raises $25bn in debt to fund A.I. projects while Kansas City Federal Reserve Jeff Schmid asks whether the sector is becoming another ‘too big to fail.’ China sees exports rise almost 24 per cent in July on the back of strong demand for its chip components. Meanwhile, President Trump imposes a 15 per cent tariff on poly-silicone products to target semi-conductor and photovoltaic product supply chains. Investors await July’s U.S. jobs report later today. Economists expect a boost of up to 83,000 jobs due in part to the recent World Cup.<br>See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Iran Hormuz plan bans U.S., Israeli ships

Squawk Box Europe Express

The CNBC app, global market news in one place. Customizable sections and personalized alerts, stocks tracking, interactive charts and market insights all in your hands. Stay connected, stay informed. Download the CNBC app today. Welcome to Squawk Box Europe. I'm Karen Tso with Ben Boulos. These are your headlines. A no-go Iran's draft plan to reopen the Strait of Hormuz

purportedly bans vessels from hostile countries, including the U.S. and Israel. But a U.S. official tells CNBC any temporary routes must be without any impediments. AI funding back at the fore as Alphabet raises $25 billion in debt. And Kansas City Fed President Jeff Schmidt questions whether the industry is becoming another too big to fail. China reaps the rewards of strong global

demand for its high-tech components, exports rising almost 24% in July. President Trump, meanwhile, imposing a 15% tariff on polysilicon products targeting chip and solar supply chains. Futures in Europe and the U.S. trading along the flatline as investors brace for July's payrolls print in the States. Economists expecting a pickup of around 83,000 jobs, boosted in part by the World

Cup. Hello, welcome to the programme. A draft plan to manage the Strait of Hormuz would reportedly see U.S. and Israeli ships blocked from transiting the critical waterway. That's according to Iranian

state media, with Tehran also seeking to prevent the passage of those who've caused damage to the country until it is, quote, compensated. Iran is planning to issue penalties, including up to 20% of the cargo value of those in violation, according to that report. The reported terms appear to be quickly rejected by the United States. When asked about the Fars report, a U.S. official told CNBC

Iran Hormuz plan bans U.S., Israeli ships

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Iran Hormuz plan bans U.S., Israeli ships

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.