US Moves to Revoke 200,000 Visas

The reported diplomatic effort involves Iran and Oman and focuses on a longer-term arrangement for the Strait of Hormuz, including discussions over a temporary joint maritime corridor. Further talks are planned within 30 to 60 days, but the report does not establish that a final agreement has been reached.

Oil prices fell as traders marked down near-term concerns about disruptions through the strategic waterway. The story also includes a planned Jackson Hole speech by Warsh, a warning from Fed Governor Barkin that US debt will eventually face a reckoning, and a short squeeze in US long bonds associated with the so-called “Bessent put.”

The same report says the US is moving to revoke 200,000 visas and that Canada has retaliated as US-Canada trade tensions escalate. The next developments to track are the Iran-Oman talks, the planned 30-to-60-day follow-up window, Warsh’s speech, and any further trade or visa actions.