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According to Reuters, a senior Iranian source said that Iran sees this as a test of goodwill and a demonstration of the sincerity of all parties in their commitment to reaching a lasting peace agreement.According to Reuters, a senior Iranian source said the United States has agreed to lift the freeze on Iranian assets held in Qatar and other foreign banks.GFZ (German Geosciences Research Center): A 4.6-magnitude earthquake has struck southern Iran.On April 11, Du Guangda, Deputy Director of the Science and Technology Department of the Ministry of Industry and Information Technology, stated that the Ministry of Industry and Information Technology will focus on the manufacturing industry as the main battlefield and application-driven development as the main line, releasing a number of high-value "AI+" scenarios, exploring a number of typical applications, building a number of distinctive intelligent entities, providing a number of new intelligent terminals, developing a number of new standards, cultivating a number of industrial application talents, and creating a number of high-quality enterprises, so as to comprehensively promote the deep integration of artificial intelligence and manufacturing.On April 11, Iranian First Vice President Aref posted on social media that if Iran negotiates with the "America First" US representatives in Islamabad, Pakistan, it is likely to reach an agreement beneficial to both sides and the world. However, if facing the "Israel First" US representatives, no agreement will be reached, and "we will inevitably continue to defend ourselves more resolutely than ever before, and the world will pay a greater price."

WTI Price Analysis: Testing the $80 level versus the broad USD

Daniel Rogers

Apr 11, 2023 14:20

 截屏2023-01-13 下午5.17.06.png

 

On Monday, crude oil prices are lower as a risk-averse sentiment underpins the U.S. dollar. The price of the black gold is a few cents above its intraday low of $79.71 per barrel and is approaching the range's bottom.

 

Early in April, the Organization of the Oil Exporting Countries and Allies (OPEC+) astonished market participants by announcing a 1.16 million-barrel-per-day reduction in their oil output, which pushed West Texas Intermediate (WTI) approximately 5.5% higher on April 3 and left a $4 void. Since the announcement, WTI has been consolidating between $79 and $81.80, unable to find fresh directionality.

 

Higher energy prices have contributed to inflation's meteoric rise, and OPEC+'s decision came as a complete surprise, reigniting concerns not only about price pressure but also about economic growth.


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