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Nour News: A spokesperson for the Iranian Foreign Ministry stated that they have received feedback from the United States and are currently reviewing it.According to Japans Kyodo News, data released by the Japanese government on Thursday showed that Japans crude oil imports from the Middle East fell 67.2% year-on-year in April, marking the lowest level since comparable data became available in 1979.On May 21st, Tesla officially announced its latest plans for a supervised version of Full Self-Driving (FSD), mentioning that this version can be used in China. Recently, Tesla China posted several job openings related to autonomous driving testing, sparking speculation within the industry about the accelerated rollout of FSD in the Chinese market. A reporter, posing as a consumer, contacted Teslas official customer service, who replied: "The 64,000 RMB Autopilot feature is not compatible with all vehicles; some are only compatible with the 32,000 RMB Enhanced Autopilot feature. The company is actively pursuing the approval process in accordance with relevant national regulations, and will push the approval to domestic customers as soon as possible."Futures Commentary by Everbright Futures: On May 20th, COMEX gold initially fell before rising, surging intraday to close at $4546.2 per ounce, a gain of 0.78%. Domestic SHFE gold futures opened higher and continued to rise in the night session, closing at 995.92 yuan per gram, a gain of 0.88%. 1. Geopolitically, Trump stated on Wednesday that negotiations between the US and Iran had entered the "final stage," reiterating that war would be "very rapid." Meanwhile, media reports indicated that some oil tankers had begun to re-enter the Strait of Hormuz. According to reports, the Iranian Islamic Revolutionary Guard Corps Navy stated on Wednesday that 26 ships, including oil tankers, container ships, and other merchant vessels, had passed through the Strait of Hormuz in the past 24 hours, coordinated with Iran. Influenced by this news, the US dollar and US Treasury yields fell slightly, providing support for gold. However, given the relatively volatile geopolitical news, the impact of further developments on gold prices should be closely monitored. 2. The minutes of the Federal Reserves April policy meeting, released yesterday, showed that participants generally believed that given persistently high inflation data and the uncertainty surrounding the duration of the Middle East conflict and its economic impact, the period of remaining on hold might exceed previous expectations. If the US-Iran conflict keeps inflation high, a rate hike might indeed be necessary. However, since previous expectations for a rate hike had already been partially priced in, the impact on gold prices was limited. Looking ahead, the assessment of the US-Iran conflict remains the dominant factor for gold. Until these uncertainties are effectively resolved, investors should lower their expectations for gold prices in the first half of the year.According to Nippon Television News, Japan is considering proposing a supplementary budget of approximately 3 trillion yen.

Moscow Asserts That G7 Moves to Isolate Russia Exacerbate The Global Food Crisis

Haiden Holmes

May 17, 2022 09:57

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Monday, the Russian foreign ministry stated that moves by the West and the G7 in particular to isolate Moscow had exacerbated global food shortages.


Saturday, G7 foreign ministers pledged to further Russia's economic and political isolation, continue sending weapons to Ukraine, and strive to alleviate food shortages caused by Russia's invasion of its neighbor on February 24.


"Attempts to distract Russia economically, monetarily, and logistically from traditional routes of international cooperation exacerbate economic and food crises," the foreign ministry wrote on its website.


"It should be highlighted that it was the unilateral actions of Western nations, particularly those of the Group of Seven, that aggravated the problem of severing the logistical and financial chains of food supplies to global markets."


Prior to the war, Ukraine and Russia produced approximately 29 percent of the world's wheat supply.


Moscow refers to its efforts in Ukraine as a "special military operation" designed to disarm Ukraine and defend it against Nazis. Ukraine and the West assert that the accusation of fascism is without merit and that the war is an unjustified act of aggression.