Energy

Iran targets three US ships, three oil tankers in Hormuz in retaliation for US strikes, IRGC claims - The Jerusalem Post

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DW NOTE

The IRGC is attacking ships in a strait it already closed six months ago — which tells you this is about domestic signaling, not strategic effect. Iran has choked Hormuz since February; today's strikes change nothing for global oil flows, which have already rerouted. WTI is up 21.6% over the past month not because of new closures, but because the existing one never ended.

Read the full story at The Jerusalem Post →

Live updates: Yen rally and rising bond yields pressure bitcoin and risk assets

Bitcoin, gold and technology stocks fall as the yen rallies, while oil prices and government bond yields climb globally.

The world’s approach to sovereign debt needs to change - Financial Times

Natural Gas and Oil Forecast: Gulf Supply Risks Rise as WTI and Brent Break Higher - FXEmpire

Chinese Oil Buying Jumps, Central Banks Add 23 Tonnes of Gold, Study Finds Elevated Toxins in Autistic Kids

Today's Digest covers China's $100 crude, $4.15 gas, central-bank gold, $14k copper, Liquid BTC hack, Army readiness, autism toxins, protein snacks, Dutch carbon-capture facility, Greenland ice gain, and Chinese robots.

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Live updates: Yen rally and rising bond yields pressure bitcoin and risk assets

The world’s approach to sovereign debt needs to change - Financial Times

Natural Gas and Oil Forecast: Gulf Supply Risks Rise as WTI and Brent Break Higher - FXEmpire

Chinese Oil Buying Jumps, Central Banks Add 23 Tonnes of Gold, Study Finds Elevated Toxins in Autistic Kids