Crude oil futures marginally down on Iran, Russia factors
Crude oil futures traded marginally lower on Monday morning due to factors such as the drone attack on the Iranian defence facility and the likely increase in the export of crude oil from Russia in February.At 10 am on Monday, April Brent oil futures were at $86.27, down by 0.15 per cent; and March crude […]
Explosions reported in several places in Iran
News is still murky but there are reports of explosions in several parts of Iran. Many of the reports are centered around Isfahan, which is a central city that’s reportedly home to some military plants, perhaps the ones supplying drones to Russia for the war in Ukraine. Here’s a purported video of one strike: MULTIPLE […]
Iran, Russia, China Hold Joint Naval Drill Amid Growing Ties
Iran, Russia, and China are holding their third joint naval drill in the northern Indian Ocean, amid speculation that the three countries are teaming up in the face of growing regional tensions with the United States. Source link
Mother of All Debt Bombs & 9 Other Megathreats Are Looming, Gold May Be Best Protection: Roubini
Nouriel Roubini, CEO of Roubini Macro Associates and Professor Emeritus at NYU Stern School of Business, discusses his latest book, ‘Megathreats,’ as well as his outlook for 2023 and beyond. He discusses how investors can hedge against looming ‘megathreats,’ using commodities like gold. Source link
Iran has cut its gas exports to Turkey by 70% – network fault cited
Turkey’s state pipeline operator Botas issued a statement on Saturday. Says that a fault on the Iranian network side had decreased the volume of gas piped to Turkey as of January 1. Turkish authorities have requested Iran fix the issue as quickly as feasible. Iran is the second-largest gas supplier to Turkey after Russia. Weirdly, […]