EUR/USD
1.14160
-0.217%
Gold
4109.96
-1.319%
Oil
71.824
4.741%
USD/JPY
162.096
0.010%
GBP/USD
1.33580
-0.236%
GBP/JPY
216.534
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Real-time News
The Federal Reserve is considering revising anti-money laundering regulations for banks, requiring them to focus more resources on high-risk clients and business activities. The proposal will be open for public comment for 60 days.On July 8th, according to a statement released by the U.S. Treasury Departments Office of Foreign Assets Control on July 7th, the U.S. revoked a general license authorizing the sale of Iranian oil, allowing related final transactions to continue until midnight Eastern Time on July 17th. International oil prices rose in response. Iran has not yet responded. According to an anonymous U.S. official, initial indications suggest that "Iran recently fired on three merchant ships in the Strait of Hormuz," an action that is "completely unacceptable" and will have consequences. The U.S. official also stated that despite the escalating situation, U.S. negotiators are "still sincerely working towards a final agreement with Iran." U.S. Treasury Secretary Bessenter announced on June 22nd that, as part of the framework for U.S.-Iran negotiations, the U.S. Treasury Department issued a 60-day general license authorizing the production, delivery, and sale of Iranian oil. According to the announcement released that day by the U.S. Treasury Departments Office of Foreign Assets Control, transactions involving the production, delivery, and sale of Iranian crude oil, petrochemicals, and petroleum products, previously prohibited by multiple U.S. executive orders and regulations, have been exempted, with the exemption period ending on August 21, 2026.Iranian Foreign Ministry Spokesperson: Iran urges regional countries, including Qatar, and shipping companies to refrain from any actions that violate the memorandum.Pakistan Airports Authority: A K2 Airlines Boeing 737 cargo flight from Sharjah to Karachi reported a navigation system malfunction at 21:18 local time. There were five crew members on board the K2 Airlines Boeing 737.Research by semiconductor industry organizations, McKinsey, and the National Science Foundation indicates that the chip industry may face a shortage of up to 157,000 jobs by 2030.
