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Real-time News
MINIMAX-W (00100.HK) fell by more than 10%.July 9th - Goldman Sachs predicts that if the 60-day negotiations continue and Iranian oil waivers are reinstated, oil flows in the Persian Gulf will recover by the end of July, requiring an additional 6.6 million barrels per day to be transported through the Strait of Hormuz. However, if negotiations break down, tanker attacks escalate, and the US may impose a blockade on Iranian oil, Persian Gulf flows could decline further.On July 9, Irans Permanent Representative to the United Nations, Illavani, sent a letter on July 8 to UN Secretary-General António Guterres and the Security Councils President for the month, Zenon Ngai Mukongo, Permanent Representative of the Democratic Republic of Congo to the UN, condemning in the strongest terms the United States repeated acts of aggression and its continued violations of the UN Charter and other norms of international law. The letter stated that the latest round of US aggression blatantly violates relevant provisions of the UN Charter and contravenes the provisions of the Islamabad Memorandum of Understanding. The USs repeated and deliberate violations of its commitments fundamentally betray the Memorandum of Understanding and must bear full international responsibility for all legal and political consequences arising from its illegal actions and the dangerous escalation of the situation. Given the seriousness of the situation, Iran reiterated the responsibilities entrusted to the UN Secretary-General and the Security Council by the UN Charter, particularly in cases involving aggression and threats to international peace and security. Iran urgently called on the Secretary-General and the Security Council to take immediate, effective, and decisive measures to compel the United States to cease its continued illegal acts of aggression and prevent further escalation.Samsung Electronics shares erased earlier gains and are currently down 2.2%.Oil-themed funds fluctuated higher, with Harvest Crude Oil LOF, E Fund Crude Oil LOF, and Southern Crude Oil LOF all rising over 7%. The S&P Oil & Gas ETF Fullgoal rose over 4%, and its oil LOF rose over 3%. Other oil funds, such as Huabao Oil & Gas LOF, followed suit. This was in response to news that Iran struck four US military bases in Kuwait and Bahrain.
