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Shipping data shows that the oil tanker "Ocean Thunder," carrying Iraqi crude oil, was passing through the Strait of Hormuz in early March.Kuwait Oil Company issued a statement confirming that its production facilities were attacked by Iranian drones, causing fires in some areas. No casualties were reported.On April 5th, National Public Radio (NPR) reported, citing a U.S. Navy spokesperson, that since the start of the conflict between the U.S., Israel, and Iran, 1,500 U.S. soldiers and their families at a U.S. base in Bahrain have been "relocated back to the United States." The report also mentioned that other U.S. military bases in the Middle East have also evacuated personnel, but specific figures are currently unclear.On April 5, Iranian Parliament Speaker Mohammad al-Kassym-Jomart Ghalibaf posted a photo of plane wreckage on social media, commenting that if the United States were to achieve such a "victory" again, it would be "utterly destroyed." Ghalibaf wrote, "If the United States achieves three more such victories, it will be utterly destroyed." Iranian media outlets, including the Iranian Students News Agency, had previously published the same photo, claiming it showed the wreckage of a US military aircraft involved in a rescue operation. Some Iranian media outlets suggested that Ghalibafs post was intended to mock US President Trumps claim of an "imagined victory."Iranian Foreign Minister: (To Pakistani Foreign Minister) Iran thanks Pakistan for its assistance and is determined to use all its capabilities to defend itself.

Bitcoin falls below $19,000 as cryptos creak under rate hike risk

Skylar Shaw

Sep 20, 2022 14:27

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On Monday, cryptocurrency prices hit new lows as a result of regulatory worries and a general investor reluctance to engage in risky assets due to impending interest rate increases.


By market value, Bitcoin, the most valuable cryptocurrency, dropped almost 5% to a three-month low of $18,387.


The second-largest cryptocurrency, ethereum, lost 3% to a two-month low of $1,285 and had lost more than 10% in the previous day. The majority of the smaller tokens had larger losses.


Over the weekend, a significant update to the Ethereum blockchain—which supports the ether token—called the Merge changed how transactions are handled and reduced energy consumption.


The value of the token has decreased amid rumors that comments made last week by Gary Gensler, chairman of the U.S. Securities and Exchange Commission, suggested the new structure would draw further regulation. The upgrades' surrounding trades were likewise unwound.


The regulatory outlook is guesswork, according to Matthew Dibb, COO of Singapore's Stack Funds cryptocurrency platform.


Since the Merge, the markets have shed a lot of their excitement, he said. Given the uneasy global background, he said, "It's truly been a sell-the-news sort of event," and predicted that ether will test $950 in the near future.


"From a basic and technological standpoint, the current situation does not appear promising. There isn't a clear quick positive trigger that will support these markets and inject a ton of fresh cash and liquidity, in our opinion.

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