WS #13801
Iran reiterates that the Strait of Hormuz will not reopen until the US halts its naval blockade and meets six demands, with no active US-Iran negotiations, keeping oil prices elevated. Archer Aviation announced it will acquire Boeing's Wisk Aero, SkyGrid, and Insitu subsidiaries in exchange for a 19.75% equity stake, sending ACHR up 15.8%.
Strait of Hormuz Closure Escalation
Iran reiterates that the Strait of Hormuz will not reopen until the US halts its naval blockade and meets six demands, with no active US-Iran negotiations, keeping oil prices elevated.
Archer Aviation announced it will acquire Boeing's Wisk Aero, SkyGrid, and Insitu subsidiaries in exchange for a 19.75% equity stake, sending ACHR up 15.8%.