Real-time News

US President Trump: The International Energy Agency (IEA)’s decision to use the strategic petroleum reserve will “significantly” lower oil prices.

US President Trump: (Regarding the Iranian operation) We destroyed 58 Iranian naval vessels.

US President Trump: (Regarding the Iran operation) The purpose of our operation is to eliminate evil people.

March 12th - Tech journalist Gurman reports that Apple's (AAPL.O) upcoming foldable iPhone this fall will feature an updated iOS operating system, achieving an iPad-like interface layout for the first time. According to sources, the product will have an internal foldable display, roughly the size of an iPad mini. It will also have an external screen, similar in size to a small iPhone display. The internal display will use a widescreen aspect ratio, unlike the narrow screen format of current foldable phones. Sources indicate this will be a key selling point. Apple's design aims to enhance the device's appeal for watching videos. Simultaneously, it will make it easier for developers to redesign iPhone applications, making them more similar to the user experience of iPad software.

Market news: The U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) have signed a memorandum of understanding to guide coordination and cooperation.

G7 leaders agreed to coordinate action to restore freedom of navigation in the Gulf region.

G7 statement: The G7 reaffirmed its commitment to continue imposing sanctions on Russia.

Market news: Alarms and explosions were heard in Kuwait as the army intercepted incoming missile and drone attacks.

The Canadian Petroleum Producers Association states that Canada's ability to significantly increase oil production in the short term is very limited in the face of the Iranian crisis.

The EU has warned that a conflict with Iran could cause inflation in the region to exceed 3%.

The Dow Jones Industrial Average closed down 289.24 points, or 0.61%, at 47,417.27 on Wednesday, March 11; the S&P 500 closed down 5.68 points, or 0.08%, at 6,775.80 on Wednesday, March 11; and the Nasdaq Composite closed up 19.03 points, or 0.08%, at 22,716.13 on Wednesday, March 11.

On March 12, Berlin Brandenburg International Airport in Germany temporarily suspended operations on Wednesday evening due to the sighting of an unidentified flying object (UFO) in the nearby sea. The airport stated in an emailed statement that no flights took off or landed between 6:40 PM and 7:18 PM local time, as part of "routine procedures." The statement also indicated that flight operations have now resumed. In recent months, several European airports, including Berlin, Munich, Oslo, and Copenhagen, have been affected by suspected drone sightings. Officials have warned that the operators of these drones are highly skilled and have called for stricter safety measures.

Microsoft: Starting in April, Xbox Mode will be available on all Windows 11 PC platforms, with a limited rollout in select markets.

Netflix (NFLX.O) plans to acquire InterPositive, the AI-powered film production company founded by Hollywood star Ben Affleck, for up to $600 million, which would be one of the streaming giant's largest acquisitions ever.

A U.S. federal appeals court rejected the Trump administration's request to overturn a New York tunnel financing ruling.

Investors are demanding significant concessions from Salesforce (CRM.N) in a $25 billion bond deal, highlighting Wall Street’s ongoing concerns that artificial intelligence technology could disrupt software companies.

A representative from CMA CGM Group stated that 85% of the company's vessels are currently diverted to the Cape of Good Hope, while the remaining 15% are passing through the Bab el-Mandeb Strait under escort.

March 12 - According to the British Prime Minister's Office, G7 leaders held a phone call on March 11 to discuss the latest situation in the Middle East and how to address its economic impact. British Prime Minister Starmer stated that countries should work together to address the economic effects of the conflict, welcomed the International Energy Agency's decision to release strategic petroleum reserves, and reiterated the importance of ensuring freedom of navigation in the Strait of Hormuz.

U.S. offshore oil producer Sable (SOC.N) is currently up 21% on reports that Trump will invoke an emergency law to support the company, paving the way for the resumption of oil production off the Southern California coast.