EUR/USD
1.14400
-0.618%
Gold
5044.08
-0.697%
Oil
95.834
0.667%
USD/JPY
159.599
0.163%
GBP/USD
1.32481
-0.705%
GBP/JPY
211.443
-0.494%
Real-time News
On March 14, US President Trump stated that the US military would launch a "fierce airstrike" against Iran next week. He declined to comment on whether the US was attempting to seize Kharg Island, Irans oil export hub. Trump stated that the US does not need Ukraines anti-drone technology to defend against Iranian drones. Previously, reports indicated that the US was considering seizing Kharg Island, located in the Persian Gulf, as military action against Iran continued. Kharg Island is Irans largest crude oil export base, handling 90% of the countrys oil exports. In an interview on March 13, Trump refused to answer related questions, stating that seizing Kharg Island was "not a priority." Trump reiterated in the interview that the US military would escort oil tankers through the Strait of Hormuz if necessary.March 14th - As of 2:30 PM closing, the Shanghai Gold futures contract fell 1.31% to 1127 yuan/gram, the Shanghai Silver futures contract fell 4.59% to 20682 yuan/kilogram, and the SC Crude Oil futures contract rose 4.47% to 787 yuan/barrel.March 14th - As Middle Eastern crude oil supplies are stuck in the Persian Gulf, Asian refiners are scrambling for alternatives, and a Thai refiner has made a rare move by purchasing Forties crude oil from Trafigura. A trader familiar with the matter revealed that Trafigura sold a shipment of approximately 700,000 barrels of crude oil, with loading scheduled for late March. This marks the first time a Thai company has purchased North Sea crude oil since Bloomberg began tracking the data in 2019. Sources indicated that the cargo will be transported to Thailand via an Aframax tanker, which typically carries 600,000 to 700,000 barrels of crude oil. North Sea crude oil is usually transported to Asia on supertankers, but record freight rates have reduced the economic viability of large tankers.Total Energy: The shutdown of Qatar’s LNG production facility has a limited impact on our LNG trading activities.Total Energy: Production in our offshore regions of Qatar, Iraq and the UAE has been or is being halted, representing about 15% of our total production.
