Real-time News

US Vice President Vance: I wonder how good the Iranian parliament speaker's English comprehension is.

US Vice President Vance: Sanctions will not be lifted if Iran develops nuclear weapons.

US Vice President Vance: Iran should seriously participate in the negotiations.

US Vice President Vance: Israel is trying to create conditions for the success of negotiations on the Iran issue.

According to Iran's SNN news agency, an oil tanker attempting to pass through the Strait of Hormuz has been sent back to the Persian Gulf.

Israeli police: Starting from the morning of April 9, religious sites in Jerusalem will reopen to tourists and believers.

The EIA's annual Energy Outlook report projects that U.S. oil demand will average 20.5 million barrels per day in 2027, an increase of 0.24%.

April 9th - Due to disruptions in the Strait of Hormuz, shipping Canadian crude to the U.S. Gulf Coast has become the most profitable opportunity in over two years. According to data from Link Data Services and General Index, as of Tuesday's close, June-delivery Canadian heavy crude was trading at a $13.55 premium over May-delivery in Alberta, the largest premium since December 2023. This spread is also the highest since the expanded Trans Mountain Pipeline to the Pacific Coast began operation, when it alleviated long-standing export bottlenecks and led to a significant discount for Alberta crude. Demand for Canadian heavy crude is rising as refineries worldwide seek alternative supplies following cuts in Middle Eastern crude exports due to the Iran war. Despite the ceasefire announced by the U.S. and Iran, the Strait of Hormuz remained largely blocked on Wednesday.

Hang Seng Index futures closed down 0.34% at 25,859 points in overnight trading, a discount of 34 points.

The EIA's annual Energy Outlook report states that by 2050, total U.S. consumption of petroleum and other liquid fuels will decline by 11% to 23% compared to 2025, primarily due to the increased use of electric vehicles.

April 9th - According to Politico, three sources familiar with the matter revealed that Chris Phelan, an advisor to the Minneapolis Federal Reserve, is a likely candidate to be selected as Trump's new chief economist. If nominated by the Senate and confirmed, the candidate, who holds a PhD from the University of Chicago, will become the next chairman of the Council of Economic Advisers. He will succeed Stephen Milan, who officially stepped down from that position in February.

On April 9, Iranian Parliament Speaker Qalibaf issued a statement on social media on the 8th, listing three of the ten ceasefire terms that had been violated, stating that the "workable basis for negotiations" had been blatantly undermined before negotiations between Iran and the United States even began.

Iranian Foreign Minister: Iran and Saudi Arabia's foreign ministers spoke by phone to exchange views on bilateral relations and regional developments.

As of the 2:30 closing bell, the Shanghai Gold futures main contract fell 0.24%, the Shanghai Silver futures main contract rose 1.45%, and the SC crude oil futures main contract fell 4.41%.

April 9th - In the third week of the Iran-Iraq war, coinciding with a Federal Reserve meeting, a group of officials expressed concern that the conflict could prolong the period of high inflation. These officials discussed how the war has driven up energy prices and how a protracted conflict could lead to other categories of inflation. The minutes of the March meeting stated: "Due to these factors, the vast majority of participants noted that progress toward the Committee's 2% inflation target was likely to be slower than previously anticipated."

A spokesperson for the UAE Ministry of Foreign Affairs stated that they will seek clarification regarding the terms of the ceasefire agreement between the United States and Iran.