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On March 28, the Yemeni government issued a statement condemning Iran for dragging Yemen into the regional conflict through its supported armed forces. The statement pointed out that Iran, with the help of the Houthi rebels and other forces, is interfering in regional affairs, undermining national sovereignty, and threatening regional security. The Yemeni government believes that the Houthi actions serve Irans regional strategy. The statement warned that such actions will exacerbate Yemens humanitarian crisis and impact food and energy supplies. The government emphasized that the right to decide on war and peace belongs to the state, and any illegal military action must bear the consequences. The Yemeni government called on the people to refuse mobilization for war and urged the international community to increase pressure on the Houthi rebels and support the restoration of national power, stability, and development. Iran has not yet responded to this statement.On March 28, the Iranian Islamic Revolutionary Guard Corps (IRGC) issued a statement saying that, as part of Operation Honest Commitment 4, the IRGC Navy and Space Force conducted strikes against multiple heavy industrial targets in the United States and Israel using missiles and drones in the 85th wave of attacks. The statement indicated that this operation was in retaliation for previous attacks by US and Israeli forces against Iranian civilian industrial facilities. During the operation, Iranian armed forces launched saturation attacks on heavy industrial centers in Israel and other regions, destroying some targets. The IRGC emphasized that if the US and Israel continue to attack Iranian industrial systems, the scale of Irans subsequent retaliation will "exceed their expectations." In addition, during the interception and counterattack operations, Iranian air defense systems shot down a US-made MQ-9 drone over Shiraz. A US F-16 fighter jet was hit in southern Fars province and subsequently crashed while en route to an emergency landing at a base in Saudi Arabia.March 28 (Wall Street Journal) – Energy analysts warn that the oil market could face even greater turmoil if the Houthi rebels in Yemen resume attacks on Red Sea shipping. A renewed attack could cut significant amounts of oil from global supply and drive up prices. Saudi Arabia has been diverting as much crude oil as possible from the Persian Gulf to its Red Sea port of Yanbu, from where cargoes are primarily destined for Asia. While this hasnt fully offset the amount of oil unable to pass through the Strait of Hormuz, it has helped limit the rise in global oil prices. Analysts say that if Houthi attacks make it too dangerous for tankers to approach Yanbu, millions of barrels of crude oil could be stranded daily in the Middle East. In that case, Saudi Arabia might be forced to cut production along with Kuwait and Iraq.On March 28, the Fajar Military District of Fars Province, part of the Iranian Islamic Revolutionary Guard Corps, issued a statement saying that Iranian security forces discovered and destroyed 122 cluster bombs dropped by US and Israeli warplanes in the suburbs and surrounding areas of Shiraz, the provincial capital. The statement indicated that these cluster bombs were dropped several days earlier in areas including the village of Kafri in Shiraz, causing civilian casualties. The munitions were identified as BLU-108 submunitions carried by US-made CBU-105 cluster bombs. The statement concluded that the US and Israeli forces use of such weapons against civilian areas is further irrefutable evidence of their war crimes.Sources say Saudi Arabias crude oil exports have reached approximately 5 million barrels per day, and its petroleum product exports have reached 700,000 to 900,000 barrels per day. The Saudi East-West oil pipeline has a transport capacity of 7 million barrels per day.

Most favorite commodity-Gold

Eden

Oct 25, 2021 13:27

Gold, is the  most favorite commodity for investors.


Why is gold so attractive? 

When investors lose faith in paper currencies and other asset markets, 

Gold has retained their values. 

Gold prices are often in sharp fluctuations,

due to international political and economic factors such as dollar, 

oil, the risk of war, in central bank reserves, as well as various emergencies. 

We have seen numerous price swings, 

both to the upside and to the downside. 

On September 5, 2011, 

gold reached its record high of $1,895 per ounce. 

A weak jobs report, ongoing Eurozone debt crisis.


When it comes to investing in Gold, 

it has a lot of advantages:

1. The market size is huge, about $20 trillion daily trading volume;


2. Gold prices and trading data are open, and also transactions are transparent. 


3. Trading time is not limited,24 hours from Monday to Friday.


4. Trade Bidirectional - Brings Infinite Profit Opportunities


5. Margin trade. No full funding required.small money to gain a large profit opportunities.