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The Iranian military claims that its drones attacked fuel storage tanks and aircraft refueling at Israels Ben Gurion Airport.On March 21, according to a customs announcement, on the morning of March 20, Sun Meijun, Director-General of the General Administration of Customs, met with Qu Dongyu, Director-General of the Food and Agriculture Organization of the United Nations (FAO), and his delegation at the Administration. They exchanged in-depth views and reached broad consensus on strengthening cooperation between Chinese Customs and the FAO, assisting in the capacity building of agricultural and food product security in the Global South, promoting international trade facilitation through smart customs, and supporting the Hainan Free Trade Port in playing an international exemplary role. Deputy Director-General Zhang Baofeng also attended the meeting.On March 21, following the conditional easing of US sanctions on Iranian oil, an Axios reporter stated that this move would allow Iran to earn approximately $14 billion in oil revenue. This would be the first time the US has purchased Iranian oil since 1996, all during the war with Iran. However, the New York Times points out that it remains unclear whether the limited lifting of sanctions on Iranian oil will affect global oil prices. Energy analysts believe that most of the crude oil shipped by sea has already been purchased and accounted for, meaning that lifting sanctions on this oil will not significantly increase the supply of oil in the market. Former US Treasury official Daniel Tannebaum stated, "I dont think Iranian crude oil will be imported into the United States." He added, "First, the supply of crude oil is a problem because most of it has already been booked; second, which global bank is funding the Iranian oil trade, regardless of whether such trade is legal?"On March 21, Sun Meijun, Director-General of the General Administration of Customs, met with Lee Myung-koo, Director-General of the Korean Customs Service, who was in China to attend the 20th China-Korea Customs Cooperation Conference. The meeting focused on implementing the important consensus reached by the leaders of China and South Korea, deepening customs cooperation between the two countries, and jointly promoting trade security and facilitation in China, South Korea, and the Asia-Pacific region. Three customs cooperation documents were signed. Following the meeting, Zhang Baofeng and Lee Myung-koo co-chaired the 20th China-Korea Customs Cooperation Conference. Both sides exchanged in-depth views on strengthening the partnership in "smart customs," deepening electronic networking of rules of origin, risk management, customs statistics, intellectual property protection, mutual recognition of Authorized Economic Operators (AEO), inter-customs cooperation, and anti-smuggling enforcement cooperation, reaching broad consensus on cooperation.On March 21, according to the US-based "War Zone" website, the Pentagon confirmed that a US F-35A fighter jet operating over Iran made an emergency return and landed at an undisclosed US military airfield in the Middle East. Video released by the Iranian Revolutionary Guard shows the stealth fighter jet being attacked. Foreign media reports suggest this may be the first time an F-35 has been hit in combat since its introduction, setting a new world record for air combat.

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.