News about military conflict
The war will affect international payment systems and capital markets more than is currently thought. It is naïve to think that if the Strait of Hormuz is opened, everything will work itself out. Petro-dollars may be replaced by the yuan or another global currency. And global mutual settlements between countries will no longer be based on single payment systems like SWIFT.
The share of the Gulf countries in the global grain trade is small – only about 4-6% from season to season. According to Argus Analytics experts, in this regard, there is no reason to expect that the conflict in the region will have a direct impact on global grain supply and prices.
The US President said that he is extending for 10 days the ultimatum for Iran to reopen the Strait of Hormuz. It is reported that the decision was made in response to Tehran’s request.
Iran’s oil exports have not collapsed since the outbreak of war, and oil prices have risen significantly. In addition, the country remains the only Middle Eastern producer of black gold whose tankers pass through the Strait of Hormuz unimpeded.
US President Donald Trump wants to end the conflict with Iran in the coming weeks.
Iran launched strikes across the Middle East on Wednesday morning, hours after U.S. President Donald Trump said Washington was holding talks with Tehran and also announced an oil and gas gift from Iran.
The National Energy Regulatory Agency (ANRE) has set new maximum fuel prices that will be in effect tomorrow, March 26.
Parliament has imposed an energy emergency regime for 60 days amid damage to the key Isaccea-Vulcanesti line and the risk of electricity shortages. Seventy-two MPs voted in favor of the draft.
U.S. business activity growth slowed to an eleven-month low in March as companies grappled with increased uncertainty and rising living costs associated with the nearly month-long war in Iran.
The Ministry of Energy has warned Moldovan residents about possible power outages on Wednesday, March 25, from 17:00 to 22:00. This was announced by Carolina Novak, State Secretary of the Ministry. These measures are part of the actions within the framework of the emergency situation in the energy sector, which is to be considered today by the Parliament.
UPDATED. The Moldovan government imposes an emergency situation in the energy sector for 60 days. For this purpose, extraordinary sessions of the Government and Parliament will be held on Tuesday, March 24.
U.S. President Donald Trump said Monday that the United States and Iran have been in “very good and productive talks” since late last week to end hostilities, and he therefore ordered a suspension of strikes on Iranian energy. Iran, represented by the Foreign Ministry and parliament speaker, has officially said it is not holding any talks with the Americans. At the same time, an Iranian foreign policy official anonymously confirmed to CBS the receipt of “U.S. proposals.”
UPDATED. As a result of attacks on energy infrastructure in southern Ukraine, the Isaccea-Vulcanesti (400 kV) overhead power line, one of the key elements of Moldova’s energy system and an important link to the European power grid, was shut down.
Escalating conflict in the Middle East is driving investor demand for defensive assets as the war drags on. The dollar index, which measures the value of the U.S. currency against a basket of currencies, rose 0.03% to 99.53. The euro fell 0.06% to $1.1563. The yen rose 0.06% to 159.11 per dollar, while sterling weakened 0.06% to $1.3331.
Ships that are not linked to “Iran’s enemies” can pass through the Strait of Hormuz with the agreement of security measures with Tehran. This was stated by the representative of the Islamic Republic to the International Maritime Organization Ali Mousavi, Reuters reports.
The US authorities temporarily allowed the purchase of Iranian oil loaded on tankers earlier than March 20. The relaxation of sanctions will last 30 days. It will allow about 140 million barrels to be brought to the market. The goal is to bring prices down below $100 per barrel.
Bitcoin clawed back a week’s worth of gains in just one weekend.
US President Donald Trump has issued an ultimatum to Iran, threatening to destroy its power plants if the Strait of Hormuz is not opened within 48 hours.
The attacks on Iran increased the wholesale price of flour-grade wheat from the Black Sea region by about $6/t.
Iran has attacked the Diego Garcia base, owned by the US and UK, in the Indian Ocean with two medium-range ballistic missiles. This is the first case of such a threat to US interests outside the Middle East – 4,000 kilometers from Iran.
