Gold stays above $4,100 amid Hormuz tensions and pressure on silver.
Gold and Silver Prices Dip Amid Economic Indicators Gold and silver prices saw a drop during late afternoon trading in the U.S. on Friday. Rising Treasury yields and strong expectations from the Federal Reserve outweighed the impact of a weaker dollar and growing geopolitical concerns in the Strait of Hormuz. As of the latest updates, […]
US insists Iran publicly declare the Strait of Hormuz is open — or face consequences
U.S. Issues Warning to Iran Amid Rising Tensions WASHINGTON – U.S. officials have made it clear that Iran needs to publicly acknowledge the Strait of Hormuz is open and end its attacks on commercial vessels, or President Trump will explore his options. This warning comes as tensions between the two nations escalate once more. During […]
China Urges Iran to Honor U.S. Peace Agreement, Expressing Frustration over Hormuz Situation
On Wednesday, China’s Foreign Ministry expressed concern over the escalating violence between Iran and the United States, urging both nations to “adhere to the memorandum of understanding” and “avoid the use of force.” It’s interesting how China often points fingers at the U.S. for its aggressive stance in global politics. But this time, the Foreign […]
Four Oil and Gas Tankers Leave the Strait of Hormuz Following Attacks by Iran
Iran’s Attack Leads Tankers to Avoid Strait of Hormuz At least four tankers transporting oil and liquid natural gas (LNG) have opted out of navigating through the Strait of Hormuz following an Iranian assault on three vessels on Tuesday, according to a ship-tracking service report issued on Wednesday. The attack involved Iranian forces targeting ships […]
Iran Begins Bombing Campaign Against Neighboring Countries After Strikes in the Strait of Hormuz
IRGC Launches Bombing Campaign Against Kuwait and Bahrain The Islamic Revolutionary Guard Corps (IRGC) of Iran announced on Wednesday that it has initiated what it describes as an extensive bombing campaign targeting Kuwait and Bahrain, specifically claiming to hit 85 alleged U.S. military sites. This announcement follows previous Iranian attacks on ships in the Strait […]
US cancels Iran sanctions relief following attacks on commercial vessels in the Strait of Hormuz
The United States is ending certain oil sanctions exemptions for Iran that were part of a framework agreement initiated after Iran attacked commercial vessels in the Strait of Hormuz earlier in the week. These attacks, which took place between Monday and Tuesday, have reignited existing tensions, especially following President Trump’s comments about providing Iran a […]
U.S. Conducts Strong Strikes on Iran Following Attacks on Ships in Hormuz
U.S. Military Strikes Iran After Attacks on Commercial Ships Early Wednesday, the U.S. military conducted what it termed “strong strikes” against Iran. This move followed Iran’s attacks on three commercial vessels in the Strait of Hormuz, which U.S. Central Command labeled a “clear violation of the ceasefire.” Central Command stated the strikes were intended to […]
Sanctions on Iran Are Reinstated Following Reports of Attacks on Multiple Ships in the Strait of Hormuz
U.S. Reimposes Oil Sanctions on Iran Following Attacks The United States has reinstated oil sanctions against Iran after a series of unprovoked attacks on vessels in the Strait of Hormuz that occurred late Monday into early Tuesday. Reports from Reuters indicate that the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has […]
US Dollar Index strengthens as tensions in Hormuz increase demand for safe-haven assets
The US Dollar Index (DXY), which gauges the value of the US dollar (USD) against six key currencies, is on an upward trend after two days of steadiness, trading at approximately 100.90 during European hours on Tuesday. The dollar found support due to increased demand for safe-haven assets amidst rising geopolitical tensions. Concerns escalated in […]
British Pound stays in the mid-1.3300s against USD as Hormuz threats arise
The GBP/USD pair has had a tough time building on last week’s gains, fluctuating around 1.3350 during Asian trading on Monday. Plus, it’s worth noting that the spot prices are still below the significant 200-day simple moving average (SMA), suggesting a cautious approach might be smart, especially with the 1.3140 area on the horizon, or […]