Real-time News

Iran's Economy Minister: We are fully prepared for a new round of economic offensive by the United States, and cutting off Iran's financial and commercial lifelines will not be easy.

The Houthi rebels in Yemen: All units and branches are on high alert. Saudi Arabia, Israel, the United States, and their allies must understand that their old rules have failed. The countries concerned must not take "foolish actions," or we will respond militarily and alter the regional balance of power.

August 25th - As of 2:30 PM closing, the Shanghai Gold futures contract rose 0.61% to 1006 yuan/gram, the Shanghai Silver futures contract fell 0.65% to 16775 yuan/kilogram, and the SC crude oil futures contract fell 0.98% to 588 yuan/barrel.

August 25 - On August 24, at the Élysée Palace in Paris, French President Emmanuel Macron (right) welcomed Saudi Crown Prince and Prime Minister Mohammed bin Salman.

August 25 - French government spokesman Maud Brejon announced after a cabinet meeting on the 24th that a ban on mobile phone use in high schools may be implemented starting this fall.

Sources say the Pakistani army chief also met with and held talks with the Iranian president.

U.S. Central Command: As of August 24, it had forced 71 merchant ships to divert, rendered 3 vessels immobile, and boarded and inspected 2 vessels to ensure compliance with requirements. More than 40 ships carrying humanitarian aid have been granted passage.

On August 25th, US President Trump criticized Ontario Premier Doug Ford on his social media platform Real Social, calling his remarks "bluster" and accusing Canada of decades of dependence on US support. Trump stated that the US "will always be bigger, richer, and stronger than Canada," and that Canada cannot survive without the US. He claimed that Canada's massive financial dependence on the US led to the outflow of Canadian businesses under the leadership of Prime Ministers Carney and Ford. Trump asserted that Canada relies heavily on US transportation for electricity, oil, and natural gas, and warned of more severe consequences if Canada does not "play by the rules." Trump also claimed that Canada's unemployment rate has risen to 10% and is still rising, with businesses fleeing to the US, stating that "the days of harming American farmers and businesses are over."

US President Trump called Ontario Premier Ford's remarks "grandstanding," criticizing Canada's long-standing dependence on the United States and warning of more serious consequences if policies are not changed.

August 25 - The U.S. Southern Command issued a statement on the 24th saying that the U.S. military struck a "drug trafficking ship" in the Eastern Pacific on the 23rd, resulting in the deaths of two people on board.

According to Iran's Tasnim News Agency, a security official said that the US economic sanctions plan is aimed at increasing psychological pressure on the Iranian people.

U.S. State Department: U.S. Secretary of State Marco Rubio spoke with the German Foreign Minister on Monday about a shared commitment to freedom of navigation in the Strait of Hormuz.

Volkswagen union chairman: Closing the factory is absolutely out of the question for us.

Sources say Italy will not participate in the "voluntary coalition" exercises.

August 25 - U.S. Treasury Secretary Bessant stated at a press conference on the 24th that any entity laundering money for Iran will be removed from the dollar system.

On August 25, U.S. Treasury Secretary Bessenter announced an "unprecedented" economic operation against Iran, aimed at severing Iran's ties with the global economy, and warned that any country continuing to do business with Iran could face U.S. sanctions. Bessenter stated that the U.S. is launching an "economic offensive" against Iran's global financial connections, and that Trump is communicating with world leaders, demanding a halt to economic interactions with the Iranian regime. Relevant countries will be given a deadline; if they fail to cease cooperation, the U.S. Treasury will take unilateral action. This operation focuses on Iran's five "lifelines": digital assets, technology, gold, aviation, and shipping. Bessenter did not disclose a specific timeline or details of the measures. Bessenter had previously announced "Operation Economic Fury" against Iran and warned of secondary sanctions against foreign financial institutions that continue to support Iran. He stated, "No one can escape U.S. sanctions." However, analysts believe that given Iran's years of sanctions, whether these measures will force Tehran to make concessions on the Strait of Hormuz remains uncertain.

Musk: Our design is much simpler, cheaper, denser, and lighter than traditional racks.

On August 25th, local time, Iranian Parliament Speaker Ghalibaf posted on social media regarding the US sanctions threat, stating that the US knows no one will believe their nonsense and that the US is economically powerless to further restrict relations with other countries. Iran's trading partners have made it clear through the media and messages that they do not take these statements seriously. On the afternoon of the 24th local time, US Treasury Secretary Bessenter held a press conference, announcing several economic sanctions against Iran to further increase pressure on the country.

Musk: NVIDIA's (NVDA.O) Vera Rubin chip platform, optimized for space, will reach considerable scale by 2028. The Vera Rubin NVL72 system will be launched into orbit in the fourth quarter of next year.

Canadian Prime Minister Carney: Canada will only return to the negotiating table when the United States takes the right approach to Canadian industries.