EUR/USD
1.14153
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Gold
4108.33
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Oil
71.472
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USD/JPY
161.729
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GBP/USD
1.33978
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GBP/JPY
216.686
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Real-time News
July 12th - According to Middle East Eye, the United States is collaborating with Iraq and Syria on a plan to upgrade an aging oil pipeline connecting the northern Iraqi city of Kirkuk to Baniyas on Syrias Mediterranean coast, enabling Iraq to bypass the Strait of Hormuz when exporting crude oil. The report, citing Iraqi and other regional officials, stated that an agreement to restore the approximately 800-kilometer-long pipeline is expected to be announced next week during Iraqi Prime Minister Ali Zaidis meeting with Trump at the White House. The pipeline, which has been out of service for decades, is currently severely damaged. The report quoted a senior official as saying that the pipeline will likely require complete reconstruction, a project expected to take two to three years. Several American companies have already been recruited to participate in the project.July 11 - Irans Permanent Representative to the United Nations, Illavani, warned on the 11th that if the United States continues to violate its obligations, Iran will no longer abide by the memorandum of understanding signed with the United States.According to Axios, a regional source said that parties are discussing the possibility of issuing a potential statement on the full opening and free passage of the "middle channel" (located in international waters) in the Strait of Hormuz.According to RIA Novosti, the Russian Ministry of Defense stated that Ukrainian President Zelenskyy has deployed almost all available Western missile defense systems to Kyiv.Saudi Foreign Ministry: The Saudi Foreign Minister spoke with the Pakistani Foreign Minister and reaffirmed support for mediation efforts and the resumption of dialogue.
