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On July 25, satellite images released by Iran showed that a US military ammunition depot at King Faisal Air Base in Jordan was completely destroyed. This came a day after Iran claimed to have struck US bases in the region. Jordan, meanwhile, stated that its air defense system and the Royal Jordanian Air Force intercepted and shot down seven missiles and six drones fired from Iranian airspace towards Jordanian territory on July 24.The Security Service of Ukraine (SBU) stated that Ukraine attacked the Russian Filanovsky oil platform and two cargo ships in the Caspian Sea.On July 25, Ukrainian President Volodymyr Zelenskyy stated that Ukraines long-range strikes in the Caspian region had achieved very good results, targeting ships transporting Iranian military goods and a warship. Other targets included a factory in the Kirov region, approximately 1200 kilometers from the Ukrainian border, which supplies components to Russia for its attacks on Ukraine. Additionally, strikes were also carried out on an oil refinery in the Tyumen region, a logistics facility in Yekaterinburg, and a fuel depot in Rostov-on-Don.Ukrainian President Zelensky: Ukraine attacked ships transporting military supplies involving Iran in the Caspian Sea.July 25 - Ukrainian President Volodymyr Zelenskyy announced on the 25th that Russian forces launched a large-scale airstrike on multiple locations in Ukraine in the early hours of the day, using two missiles and nearly 160 drones. The attack has resulted in at least six deaths and ten injuries, and damage to numerous civilian buildings and facilities. Russia has not yet responded to the report.

BHP Expects China to Maintain Commodity Demand in 2023

Aria Thomas

Jan 19, 2023 10:56

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As developed nations face economic headwinds, BHP Group (NYSE:BHP) Ltd announced above-estimated quarterly iron ore shipments on Thursday and projected China will be a stabilizing impact on commodities demand this year.


For the three months ended in December, the world's largest publicly listed miner reported Western Australia iron ore output of 74.3 million tonnes (mt), up 1% from 73.9 million tonnes (mt) a year earlier and beating the Goldman Sachs (NYSE:GS) forecast of 71.9 million tonnes.


"China's pro-growth policies, particularly in the real estate sector, and an easing of COVID-19 restrictions are expected to contribute to a steady rebound from the difficult economic conditions of the first half," BHP added.


The mining giant reaffirmed its fiscal 2023 forecast for Western Australia's iron ore production to reach between 278 and 290 million tons on a 100 percent basis.


Competitor Rio Tinto (NYSE:RIO) indicated on Tuesday that China's reopening from COVID-19 restrictions might increase the risk of future labor and supply-chain obstacles. It also anticipated a healthy beginning for iron ore shipments in 2023.


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