Trump Maintains Naval Blockade on Iran; Apple Predicts Strong Q3 Revenue

In a morning news update, President Trump reaffirmed the US naval blockade on Iran, causing concern about the reopening of the Strait of Hormuz. Meanwhile, Apple surprised investors with a strong revenue forecast for the third quarter, despite warning of increased memory chip costs. The global economy, particularly GCC countries, continues to feel the impact of the Iran-US conflict and the closure of the strait.