EUR/USD
1.16863
0.777%
Gold
4739.43
0.718%
Oil
89.983
-10.890%
USD/JPY
158.440
-0.736%
GBP/USD
1.34309
1.040%
GBP/JPY
212.804
0.320%
Real-time News
1. Irans ambassador to the United Nations in Geneva stated that due to a severe lack of trust between the two sides, Iran will approach peace negotiations with the United States with caution, while maintaining a state of military preparedness. 2. According to foreign media reports, Zimbabwes Ministry of Mines has informed producers that the country will introduce a lithium concentrate export quota system and requires companies to commit to increasing local processing as part of the conditions for resuming mineral exports. A letter from the Ministry of Mines to the Zimbabwean Chamber of Mines outlines the conditions, including mandatory annual financial statements from mining companies and compliance with labor, safety, and environmental standards. 3. According to two sources familiar with the matter, a crucial east-west oil pipeline in Saudi Arabia was attacked by drones. This pipeline transports crude oil from the Gulf region to the Red Sea for export. The 1,200-kilometer-long pipeline has been the economic lifeline of Saudi Arabia since shipping through the Strait of Hormuz was nearly shut down. 4. According to sources, following the ceasefire agreement in the Middle East war, Qatar is mobilizing engineers and workers to restore production at the worlds largest liquefied natural gas export plant. In the coming days, some production may begin to resume, but it is unclear how quickly it will happen. A significant return to production will require ships to be able to pass through the Strait of Hormuz. 5. The World Gold Council stated that March was the weakest month for gold prices since June 2013, a phenomenon driven by deleveraging and changes in liquidity, rather than fundamental factors. Looking ahead, gold prices are expected to rebound and resume their upward trend, but short-term risks remain. 6. The World Gold Council stated that global gold ETFs saw record outflows of $12 billion in March, halving first-quarter inflows to $12 billion and ending a nine-month streak of inflows into North America. Inflows into Asia remained strong, achieving a record quarterly increase and helping to maintain the overall inflow trend of the first quarter. 7. Reuters reported on the 8th, citing a senior Iranian official, that the Strait of Hormuz might be partially opened under Iranian control on the 9th or 10th ahead of talks between Iran and the United States in Pakistan. 8. According to Iranian media Fars News, citing officials, Iran is considering launching an attack on Israel for violating the temporary ceasefire agreement in Lebanon. 9. Iranian media Fars News reported that, according to Iranian sources, Tehrans assessment is increasingly inclined to believe that despite agreements in various areas, Israeli attacks are continuing, indicating that either the US is unable to control Netanyahu, or the US Central Command has given Israel free rein. Israel attacked Beirut in violation of the ceasefire agreement. 10. According to Irans Fars News Agency, oil tankers transiting the Strait of Hormuz have been intercepted after Israel "violated the ceasefire agreement." 11. EIA report data shows that US commercial crude oil inventories, excluding strategic reserves, increased by 3.081 million barrels to 465 million barrels in the week ending April 3, an increase of 0.67%, higher than market expectations. Commercial crude oil inventories, excluding strategic reserves, reached their highest level since the week ending June 9, 2023.It is reported that the damage to the Saudi oil pipeline was limited and the pipeline was not shut down. Oil loading at the Saudi port of Yanbu continued at its normal pace on Wednesday.Kuwait says multiple facilities belonging to the Kuwait Oil Company and the Ministry of Energy were attacked by Iranian drones on Wednesday.April 8th - According to information obtained from Iran on the 8th local time, oil tanker passage through the Strait of Hormuz has been obstructed following Israels attacks on Lebanon. It is understood that earlier that morning, after a ceasefire agreement was reached, two oil tankers passed safely through the Strait of Hormuz with Iranian permission.The Qatari Ministry of Defense stated that it has intercepted all missiles and drones launched from Iran.
