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Meta Platforms (META.O) has temporarily closed its Tel Aviv office.Energy consultants say U.S. drivers could see gas prices rise to $4 a gallon this weekend.British Defense Secretary Healy: We have eight fighter jets in Qatar.On March 10, Russian President Vladimir Putin urged the countrys oil and gas producers to take advantage of soaring commodity prices to reduce debt, as the price surge is only temporary. Speaking at a meeting with government officials and energy company executives, Putin stated that oil production relying on the Strait of Hormuz, which is "effectively closed" due to the Middle East conflict, "could potentially come to a complete halt within a month." He added that restoring liquefied natural gas (LNG) production in the region would take "weeks or even a month," and that "it is impossible to quickly make up for lost production." Putin stated that Russia "must understand that the current high commodity prices are certainly only temporary" and should act accordingly. "The change in the supply and demand balance of hydrocarbons will inevitably bring about a new price stabilization. This is inevitable, therefore, Russian energy companies must seize the current opportunity, including using additional export revenue to reduce their debt burden on Russian banks."Market news: Iran loaded 2 million barrels of crude oil from the Jask export terminal, marking the first time crude oil shipments have bypassed the Strait of Hormuz since the escalation of the US-Iran conflict.

Bitcoin Is Now Legal Tender In the Honduran Special Economic Zone

Skylar Shaw

Apr 08, 2022 10:11

Officials from a special economic zone on a tourist-oriented island off Honduras' Caribbean coast announced on Thursday that bitcoin and other cryptocurrencies had been accepted as legal cash.


The special zone, dubbed "Honduras Prospera," was created in 2020 to stimulate investment and enjoys administrative, fiscal, and budgetary autonomy.


In a statement, Honduras Prospera stated, "Prospera's flexible regulatory framework facilitates crypto-innovation and the usage of Bitcoin by citizens, enterprises, and governments."


Municipalities, local governments, and foreign corporations will be able to issue bitcoin bonds under the authority of the economic zone.


Honduras Prospera encompasses sections of the beautiful island of Roatan as well as the city of La Ceiba on Honduras' Atlantic Coast.


El Salvador, a neighboring nation, became the first government in the world to accept bitcoin as legal cash in September, despite a rocky rollout and widespread public mistrust.


The Central Bank of Honduras has said that it cannot guarantee for bitcoin transactions.


"Any transaction involving this form of virtual asset is carried out at the risk and responsibility of the individual carrying it out," the bank said in a March statement in response to questions on Thursday.

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