After Iran fired on three US Navy destroyers sailing through the Strait of Hormuz, the US launched strikes against Iranian military targets. This escalation could undermine the fragile ceasefire agreement and reignite hostilities, despite both sides saying they are discussing ending the war. The US Central Command said in a statement on Thursday that Iran’s […]
The dollar closed at its lowest level since February on Wednesday as investors hoped that the US-Iran war was coming to an end. The US dollar index closed down 0.6% at its lowest level since February 27. Previously, Axios reported that the White House believed an agreement was imminent with Iran on a one-page memorandum […]
US President Donald Trump boasted of progress in reaching a final deal with Iran, which reduced inflationary pressure, causing the dollar to fall and the gold price to continue its upward trend. Gold prices rose by 1.6% at one point, approaching $4,630 per ounce, after climbing 0.8% on Tuesday. The dollar index dropped 0.3%, reducing […]
On Wednesday, companies like Alphabet, Meta, Amazon and Microsoft released their financial reports one after another within just two minutes, triggering a storm of financial information. Google said that its AI software and infrastructure demand have driven the department to achieve “significantly accelerated growth”. Its cloud computing department has achieved solid growth, with sales reaching […]
The Wall Street Journal reported that OpenAI recently failed to meet its user growth and revenue expectations. This shortfall has raised concerns within the company about its ability to afford the huge capital investment needed to build data centers and ensure long-term computing capacity. It is reported that the chief financial officer, Sarah Friar, warned […]
As the US-Iran conflict reshapes the global oil market, investors are doubling down on bets that energy-related currencies will continue to rise. Deutsche Bank, JPMorgan Chase and Vanguard have urged clients to take part in such trades. Strategists at JPMorgan Chase and Deutsche Bank recommend the Norwegian krone and the Australian dollar. On Monday, the […]
It was reported that Iran has proposed a new plan to the United States for reopening the Strait of Hormuz. Previously, efforts to restart negotiations had reached a deadlock. Boosted by this news, the increase in crude oil prices narrowed, and Asian stock markets continued to rise. Brent crude, the global benchmark, rose 1.7% to […]
Oil prices rose for the fifth consecutive day as concerns grew that the US and Iran were making little progress in resuming talks to ease tensions, leaving the Strait of Hormuz effectively closed. Brent crude, the global benchmark, rose more than 1% to above $106 a barrel, with a year-to-date increase of about 75%. With […]
As there are no new peace talks between the United States and Iran, the conflict over the control of the Strait of Hormuz is intensifying. With the extension of the ceasefire period, negotiations are still ongoing, and the threat of blocking the strait is being used as a bargaining chip. On the 21st, US President […]
Although the plan for a new round of talks between the United States and Iran fell through, just one day before the ceasefire agreement was due to expire, President Donald Trump announced an indefinite extension of the ceasefire agreement with Iran. Trump posted on Truth Social on Tuesday that he would continue to block ships […]