EUR/USD
1.12377
0.164%
Gold
4168.72
-0.043%
Oil
98.821
2.843%
USD/JPY
157.991
0.009%
GBP/USD
1.33278
0.397%
GBP/JPY
210.572
0.390%
Real-time News
On October 18th, Russian Deputy Prime Minister Novak stated that the global oil market has lost 2.2 billion barrels of oil due to the Middle East crisis. #DieselPricesAreAtHistoricallyHigh# During an interview with the Solovyov LIVE channel at Russian Energy Week, Novak said, "We are still seeing no recovery in supply through the Strait of Hormuz… There is a lot of volatility, the market is hoping for improvement, and prices remain high. But if this continues, I think prices will rise further." He believes that global oil and petroleum product reserves are being depleted. Novak also believes that if exports of oil and petroleum products from the Persian Gulf countries via the Strait of Hormuz resume, the global oil market will return to balance within 1 to 1.5 years.On October 18th, it was reported that on October 17th local time, US Secretary of State Marco Rubio, regarding Ukraines access to Starlink, stated that no one in the White House had ordered a speed reduction. On October 14th, Ukrainian Presidential Advisor Viktor Beskrestnov posted on social media that SpaceX had imposed speed limits on the operational Starlink satellite internet system terminals overnight, and the Ukrainian military had not received any prior warning, resulting in the interruption of several missions. On the 15th, a source from the Ukrainian Ministry of Defense stated that the Starlink service used by the Ukrainian military had been restored to normal. On the 17th, Ukrainian President Volodymyr Zelensky stated that Ukraine had obtained evidence through comparative tests conducted in EU countries showing that the speed limit on Starlink satellite communication terminals was only effective within Ukraine.Conflict Update: 1. UKMTO reports tanker attack near Saudi waters. 2. Iranian Navy claims increasing number of tankers damaged due to "illegal" passage through the Strait of Hormuz. 3. Houthi rebels claim Saudi Arabia launched 53 airstrikes against Yemen in 24 hours. 4. Yemeni Houthi rebels claim to have shot down a Saudi Apache helicopter. 5. Iranian armed forces open fire to intercept vessels "illegally" passing through the Strait of Hormuz. 6. Iranian Revolutionary Guard claims two supertankers struck mines and exploded in the Strait of Hormuz on Saturday. 7. Saudi-led coalition: Intercepted and destroyed four drones in Riyadh and eastern and southern regions. Peace Talks: 1. Iranian Foreign Minister reiterates seven-day passage plan: next steps depend on the US. 2. Trump reiterates the war with Iran will end soon, gasoline prices will fall. Other Updates: 1. Egyptian President says he will provide protection for Saudi Arabia. 2. Yemeni Parliament Speaker urges Egypt not to get involved in the war. 3. Yemeni Houthi rebels release 159 detainees. 4. The foreign ministers of Egypt and Iran met to discuss the Middle East crisis. 5. Russian Deputy Prime Minister: Oil prices will surge further if the Strait of Hormuz closure continues. 6. Israeli Prime Ministers Office: Violence against European diplomats is "unacceptable." 7. US media: Iran provided Houthi rebels with target location and intelligence to assist their attacks on Saudi Arabia. 8. According to the Wall Street Journal: The Houthi rebels have reportedly established joint command centers in Lebanon and Iraq. 9. Pakistan temporarily closed its border trade route with Iran; Iranian Foreign Minister: Border crossings and exchanges are temporarily suspended. 10. US Central Command spokesperson: The Strait of Hormuz remains open to navigation; approximately 97% of transit vessels were not hit by Iran.According to RIA Novosti, the Russian Interior Ministry stated that the black market is flooded with weapons from the conflict zones in Ukraine.Saudi Arabias Civil Defense Ministry said the alert for Riyadh has been lifted.
