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On May 18, according to Irans Mehr News Agency, Iranian security forces commander Ahmed-Reza Radan said that since the US and Israel launched their attack on Iran in late February, more than 6,500 spies and collaborators have been arrested. Radan also stated that Iranian police are continuing to hunt down individuals linked to hostile forces.On May 18, according to foreign media reports, approximately 23 oil tankers have been spotted near Irans main oil export hub. This is the largest gathering of vessels near the island since the US Navy began blockading Iranian ports, intercepting and seizing ships a month ago. Satellite images taken on May 16 show these tankers anchored around Kharg Island or docked at crude oil or liquefied petroleum gas loading and unloading terminals. The US non-profit policy consulting organization "United Nations Against Irans Nuclear Weapons (UANI)" confirmed the images, stating, "The gathering of ships around the island indicates that Irans crude oil and petroleum export system is facing increasingly serious delays and bottlenecks." However, analysis of tanker movements in the Persian Gulf has been hampered by unstable signals and limited satellite imagery. Reports indicate that activity around Kharg Island has slowed due to export disruptions leading to full storage facilities. With fully loaded tankers unable to leave the area and empty tankers unable to load crude oil, Iran will have to reduce its oil production.According to Hong Kong Stock Exchange filings, Tencent Holdings (00700.HK) repurchased 1.1 million shares for cancellation on May 18, 2026, for a total consideration of HK$500.7 million.Market news: Since the U.S. Navy began blockading, intercepting and seizing ships at Iranian ports a month ago, about 23 oil tankers have been spotted near Irans Kharg Island, the largest fleet to gather around the island.Li Auto (LI.O) shares fell more than 9% in pre-market trading in the US.

Gold Price Prediction: XAU/USD bears maintain control below $1,845 - Convergence Detection

Daniel Rogers

Feb 21, 2023 15:13

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Gold price (XAU/USD) declines toward the previous week's low, which is also the lowest level since late December, as risk aversion and the restoration of full markets combine to support the US Dollar. The rising rates on US Treasury bonds may bolster the greenback and weigh on the XAU/USD.

 

Yet, geopolitical concerns regarding China and Russia appear to be driving the recent push toward risk aversion. With the good US data, there are new concerns regarding the Federal Reserve's (Fed) hawkish move. Notably, the cautious sentiment preceding the preliminary readings of the US Purchasing Managers Index (PMI) data for February appears to pose a challenge to the Gold price. Wednesday's Federal Open Market Committee (FOMC) Monetary Policy Meeting Minutes are also crucial.

 

In addition to the cautious mood and fears of a rising Fed rate, technical convergence gives gold bears reason to be optimistic.


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