• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On May 17, the Venezuelan government announced that Colombian businessman Alex Saab had been deported from the United States on suspicion of multiple crimes. Immigration authorities did not disclose his final destination. Saab was one of former Venezuelan President Nicolás Maduros most influential financial advisors. He had been detained in a Caracas prison since early February, during which time Venezuelan and U.S. authorities explored ways to extradite him. This transfer marks the most significant judicial cooperation between Caracas and Washington since Maduros capture by U.S. forces in January and could open new avenues for investigations into corruption within the former Venezuelan government. Maduro is currently on trial in a New York court with his wife.On May 17, the World Health Organization declared that the Ebola outbreaks in the Democratic Republic of Congo and Uganda constitute a "Public Health Emergency of International Concern."① Iran: 1. Construction resumes on Unit 2 of the Bushehr nuclear power plant in Iran. 2. A fire at an Iranian oil factory injures at least 10 people. 3. According to Iranian state media, the Iranian stock market will reopen next Tuesday. ② United States: 1. The USS Ford aircraft carrier returns to its home port in the United States. 2. Trump suggests the situation in Iran is "the calm before the storm." 3. The United States suspects Iranian hackers of infiltrating fuel monitoring systems at gas stations in multiple states. 4. Sources: The US and Israel may resume military operations against Iran as early as next week. ③ Israel: 1. Israeli military: One soldier was killed in fighting in southern Lebanon. 2. Israeli forces launched airstrikes on Hezbollah infrastructure in several locations in southern Lebanon. ④ Strait of Hormuz: 1. The conflict between the US, Israel, and Iran has led to a sharp decline in Iraqi crude oil exports. 2. Iran: A mechanism for managing the Strait of Hormuz is ready, and details will be released soon. 3. Iranian media: European parties have begun contacting the Revolutionary Guard regarding passage through the Strait of Hormuz. 4. According to Iranian media reports, Iran stated that shipping will return to normal after the unrest in the Strait of Hormuz ends. 5. US Central Command: As of May 16, 78 merchant ships have been redirected, and 4 have been intercepted and suspended to ensure compliance with the blockade measures. 6. According to Iran International Television: Iran has launched a new maritime insurance platform for ships transiting the Strait of Hormuz. Reports indicate the system provides digital insurance policies. ⑤ Ceasefire Negotiations 1. Pakistans Interior Minister visited Iran to discuss border security and other issues. 2. Trump: If a peace agreement cannot be reached, Iran will face a "very bad situation." ⑥ Other Situations 1. The current conflict between Israel and Lebanon has resulted in 2,969 deaths in Lebanon. 2. Pakistans Interior Minister visited Iran to discuss border security and other issues. 3. Gaza has been attacked several times in the past 48 hours, resulting in 13 deaths and 57 injuries. 4. British media: US officials are urging the UAE to seize the key Iranian island of Lawan. 5. The Strait of Hormuz crisis remains unresolved, and the US continues to suspend waivers for Russian crude oil sales. 6. Iranian media: Saudi oil production has fallen to its lowest level since 1990 due to the disruption in the Strait of Hormuz. 7. According to RIA Novosti: The Kremlin stated that Putin spoke by phone with the President of the UAE to discuss the Middle East and Iran.According to the Daily Mail, sources say British Prime Minister Keir Starmer has told close friends that he intends to resign and has developed a well-organized timetable for his departure.On May 17, British Columbia health officials reported on May 16 that a passenger from the cruise ship *Hundius*, who was quarantined in the province, tested positive for hantavirus in a preliminary test. British Columbias Chief Medical Officer of Health, Bonnie Henry, said the patient developed mild symptoms such as fever and headache two days prior and was subsequently hospitalized. Her preliminary hantavirus test on May 15 was positive. The patient is currently in isolation, and her test results still require confirmation by a microbiology laboratory. Her partner tested negative. Currently, 10 Canadian citizens are under quarantine due to the *Hundius* outbreak; four are in British Columbia for a 21-day quarantine, and the other six are in Alberta, Ontario, and Quebec.

WTI advances toward $75.00 as China-related demand optimism offsets recession fears

Daniel Rogers

Jan 09, 2023 11:55

244.png 

 

In the early hours of Monday, WTI steadily climbs near the intraday high of $74.70 as bullish emotion competes with economic slowdown worries. Despite this, the weaker US Dollar and a light schedule allow buyers of black gold to maintain control following Friday's mixed performance.

 

In spite of this, the risk profile remains elevated in light of China's reopening of its borders after a three-year closure. On the same line, Guo Shuqing, party secretary of the People's Bank of China, made his remarks (PBOC).

 

Reuters, transmitting China unlock news, claimed that "about 2 billion journeys are anticipated this season, roughly doubling the volume of previous year, and recovering to 70% of 2019 levels," citing a statement from the Chinese government.

 

On the other side, PBOC's Shuqing stated, "The world's second-largest economy is likely to recover rapidly due to the country's optimal Covid-19 response and the continued implementation of its economic policies."

 

The US Dollar Index (DXY) fell the most in three weeks the day before, down 0.20% intraday to 103.70 as of press time, as the US employment report failed to excite greenback purchasers and the US activity numbers stoked fears of an economic slowdown. It's worth mentioning that the previous day's disappointing US wage growth, ISM Services PMI, and Factory Orders weighed on Treasury bond yields and the DXY.

 

On a different page, reports regarding a delay in the restoration of the colonial pipeline and the Russia-Ukraine conflict appear to also benefit energy buyers. Traders fear additional rate hikes ahead of the release of the Consumer Price Index (CPI) for December from China and the United States on Wednesday and Thursday, respectively, which tests the positive momentum.