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Bank of America analyst Michael Hartnett warned that a further decline in the S&P 500—to around 6,600 points, just 1% below recent levels—could trigger a policy response from the White House or the Federal Reserve.Zelensky of Ukraine: Understandably, the worlds attention has turned to the Middle East, which is not good for Ukraine.On March 13, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, held a telephone conversation with Afghan Foreign Minister Mutaqi at the latters request. Wang Yi stated that the more turbulent the external environment, the more regional countries should strengthen unity and cooperation to overcome difficulties and forge a path of cooperative and shared security. Afghanistan and Pakistan are inseparable brothers and neighbors that cannot be moved. Issues between the two countries can only be resolved through dialogue and consultation. Force will only complicate the situation, exacerbate conflicts, and benefit neither side, while also threatening regional peace and stability. China has always maintained an objective and impartial stance on the Afghan-Pakistani conflict. Chinas Special Envoy for Afghan Affairs is currently mediating between the two countries, hoping that both sides will remain calm and restrained, engage in face-to-face exchanges as soon as possible, achieve a ceasefire quickly, and resolve differences through dialogue. China is willing to continue making positive efforts to achieve reconciliation and ease tensions between Afghanistan and Pakistan. The two sides also exchanged views on the situation in Iran. Wang Yi reiterated Chinas principled position, stating that China is willing to work with the international community, including Afghanistan, to continue playing a constructive role in striving for peace.According to the Wall Street Journal, the amphibious assault ship USS Tripoli, based in Japan, and its accompanying marines are en route to the Middle East. Officials say marines are already in the Middle East supporting operations against Iran.On March 13, US President Donald Trump stated that the US is "surveilling" Iranians residing in Iran due to concerns about potential domestic terrorism threats amid the ongoing war with Iran. In a Fox News interview aired Friday, Trump said, "Were watching them very, very closely. Theyre all under our surveillance right now." Trump stated that over 1,700 Iranians illegally entered the US during the previous administration. When asked if the US was prepared to take action against the infiltrators, Trump said such actions would be conducted "lawfully and very cautiously." Trump said, "You have to be cautious in many ways because there are also many good people." Trump did not specify any concrete threat posed by Iranians within the US. However, since the US-Israel war against Iran began, law enforcement agencies have been on high alert in recent days to prevent potential attacks.

Oil Prices Extend Their Gains Following China's Stimulus Announcement

Haiden Holmes

Apr 27, 2022 09:35

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Oil prices increased in early Asian trade on Wednesday, extending gains from the previous session on China's central bank's announcement that it will bolster the country's economy.


Concerns over demand, on the other hand, weighed on futures as Beijing officials scrambled to contain a nascent COVID-19 outbreak and escape the same crippling city-wide lockdown that has engulfed Shanghai for a month.


By 0019 GMT, Brent crude futures had risen $1.11, or 1.1 percent, to $106.10 a barrel. West Texas Intermediate crude futures in the United States increased by 84 cents, or 0.8 percent, to $102.54 a barrel.


Crude oil prices increased by roughly 3% in the previous session's turbulent activity.


China's central bank announced Tuesday that it will strengthen its economy's prudent monetary policy support. Any stimulus would increase demand for oil.


Meanwhile, Russia's Gazprom (MCX:GAZP) has informed Poland's PGNiG that it will suspend gas deliveries along the Yamal pipeline beginning Wednesday morning, according to a statement from PGNiG. Poland will be required to make payments under a new arrangement on Tuesday, Gazprom said.


The announcement boosted NYMEX ultra-low sulfur diesel futures by more than 9% on Tuesday, settling at a record close of $4.47 per gallon.


In terms of supply, the US government will release data on crude stocks later Wednesday. According to industry figures released Tuesday, US crude and distillate inventories increased last week, but gasoline inventories decreased.

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