EUR/USD
1.16109
0.021%
Gold
5079.39
-0.053%
Oil
77.425
-0.410%
USD/JPY
157.450
-0.063%
GBP/USD
1.33611
0.027%
GBP/JPY
210.375
-0.019%
Real-time News
On March 6th, Goldman Sachs stated that the crude oil market lacks confidence that the security measures taken by the United States in the Strait of Hormuz to protect oil tankers and LNG carriers can resolve the current problems. Samantha Dart, co-head of global commodities research at Goldman Sachs, said, "Given the large number of tankers, the feasibility of naval escorts for ships is questionable." She also noted concerns about the effectiveness of the escort forces in responding to drone attacks.Federal Reserves Goolsby: Institutions are facing a crisis of confidence.A spokesman for Irans Islamic Revolutionary Guard Corps said that attacks would "become more intense" in the coming days.March 6 - According to a report by the Wall Street Journal citing sources familiar with the matter, Iran has launched more than 1,000 drones and missiles at targets within the United Arab Emirates. In retaliation for this action, the UAE is considering freezing billions of dollars worth of Iranian assets held in its possession, a move that could sever one of Irans most vital economic lifelines. If the UAE takes action, Irans access to foreign exchange and its participation in global trade networks will be severely restricted, and its domestic economy, already struggling with inflation, will be significantly hampered. UAE officials have privately warned Iran of potential action. According to informed officials, potential measures include freezing the assets of UAE-owned "shadow companies" used to conceal trade activities, and a comprehensive financial crackdown on local currency exchange institutions used to circumvent formal banking channels for transferring funds. In addition to financial measures, policymakers are also considering direct maritime action, such as seizing Iranian vessels.Two senior U.S. officials said the general license only authorizes transactions involving Russian oil already stranded at sea and is unlikely to bring significant financial benefits to Russia.
