EUR/USD
1.16578
-0.176%
Gold
4631.09
0.308%
Oil
84.394
-2.197%
USD/JPY
159.182
0.118%
GBP/USD
1.36257
-0.153%
GBP/JPY
216.902
-0.035%
Real-time News
August 25 - The U.S. Southern Command issued a statement on the 24th saying that the U.S. military struck a "drug trafficking ship" in the Eastern Pacific on the 23rd, resulting in the deaths of two people on board.U.S. State Department: U.S. Secretary of State Marco Rubio spoke with the German Foreign Minister on Monday about a shared commitment to freedom of navigation in the Strait of Hormuz.Sources say Italy will not participate in the "voluntary coalition" exercises.August 25 - U.S. Treasury Secretary Bessant stated at a press conference on the 24th that any entity laundering money for Iran will be removed from the dollar system.On August 25, U.S. Treasury Secretary Bessenter announced an "unprecedented" economic operation against Iran, aimed at severing Irans ties with the global economy, and warned that any country continuing to do business with Iran could face U.S. sanctions. Bessenter stated that the U.S. is launching an "economic offensive" against Irans global financial connections, and that Trump is communicating with world leaders, demanding a halt to economic interactions with the Iranian regime. Relevant countries will be given a deadline; if they fail to cease cooperation, the U.S. Treasury will take unilateral action. This operation focuses on Irans five "lifelines": digital assets, technology, gold, aviation, and shipping. Bessenter did not disclose a specific timeline or details of the measures. Bessenter had previously announced "Operation Economic Fury" against Iran and warned of secondary sanctions against foreign financial institutions that continue to support Iran. He stated, "No one can escape U.S. sanctions." However, analysts believe that given Irans years of sanctions, whether these measures will force Tehran to make concessions on the Strait of Hormuz remains uncertain.
