The Iranian armed forces today launched exercises in the southeastern part of the country, near the strategically important Strait of Hormuz. “Exercises of the armed forces of the Islamic Republic of Iran in an area of ​​more than one million kilometers east of the Straits of Hormuz and the Sea of ​​Oman and north of […]
Tag: Iran
Iran: Tehran calls on West for more ‘realistic’ approach to its nuclear program
Iran today called on the United States and Europeans to take a “realistic” approach to negotiations on its nuclear program, which will resume in late November after a five-month hiatus. “The rapid development of the talks obliges the European and American sides to adopt a realistic and constructive approach, avoiding the excessive demands that go […]
WTI around $ 71 after Glencore says Iran’s resumption of supply is already discounted in price
WTI is posting small gains around the $ 71.10 level, keeping its range intact around this region as mixed market sentiment offsets fears about the resumption of Iranian oil supply to the market. Meanwhile, Glencore Oil chief’s comments have no impact on black either. The Anglo-Swiss multinational commodity trading and mining company said the return […]
WTI backs down from 2 1/2 year highs after Iran says they have reached an agreement with the US to lift energy sanctions
WTI has briefly halted its ongoing uptrend and has retreated slightly from two-and-a-half-year highs of $ 72.69 after Iran announced that it has reached a broad agreement with the United States on lifting energy sanctions. Saeed Khatibzadeh, a spokesman for Iran’s Foreign Ministry, said: “There remain some detailed technical, political, legal issues.” “No task was […]
WTI retraces from week-long highs, holding above $ 65.50
WTI attracts some purchases on Tuesday and turns positive for the third day in a row. The rally does not appear to be affected by the possibility of an additional supply of crude from Iran. The prevailing risk appetite and sustained selling bias around the USD continue to support the bullish move. Concerns about the […]
Erdogan urged to “teach Israel a powerful lesson” for Gaza
Turkish President Recep Tayyip Erdogan said that the international community supposedly should “teach Israel a powerful and deterrent lesson” because of the strikes by his army on the territory of Gaza, from where the radical Islamists are firing thousands of unguided rockets into Israel. The corresponding statement was published on Erdogan’s Telegram channel. He […]
A gay man was killed in Iran. 20-year-old man could be beheaded by his brothers: photo – Radio Liberty
In Iran, a local resident, Alireza Monfared, was allegedly killed by his brothers, who learned about the homosexuality of a 20-year-old relative. This was reported by Radio Farda, the local branch of Radio Liberty. Homosexuality in Iran is punishable: it faces the death penalty, which is why sexual minorities carefully hide their orientation. According […]
WTI struggles around $ 61.00 level as two-day selloff is sparked by rising US supplies and covid concerns
WTI bounces off lows but still not out of danger. Fears around Covid, increased Iranian oil exports and increased US supplies weigh on the price of oil. The rebound in the US dollar also adds to the bearish sentiment around WTI. The WTI (futures on NYMEX) remains under pressure around the $ 61.00 level, looking […]
Iran’s Foreign Minister Abbas Araghchi denies hopes of peace between Washington and Tehran
The Iran’s Deputy Foreign Minister, Abbas Araghchi, made a statement saying: “Iran did not agree to incorporate its missile program into the Joint Comprehensive Plan of Action (JCPOA) under Trump’s maximum pressure policy and will not allow it under US President Biden’s policy of negotiations.“. In a separate report, released by the Iranian press, the […]
10-year Treasury yields rise for sixth day in a row near 11-month high
Yields on US 10-year bonds hold firmer around the March 2020 high. Hopes for US stimulus propel the bulls despite tension between the US and Iran and mixed news surrounding COVID and vaccines. A virtually empty economic calendar on Monday keeps investors’ appetite for risk intact. While reflecting the market optimism, US bond yields remain […]
