Oil Prices Up 19% At the Open and USA is Ready to Hit Saudi Attackers

Oil prices hit their highest in four months after Houthi drone attacks damaged Saudia Arabia oil refineries. At the start of trading, Brent crude jumped 19% to $71.95 a barrel, while the other major benchmark, West Texas Intermediate, rose 15% to $63.34. Iran has been backing the Houthi. Saudi Arabia oil supply was attacked. There …

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One Thousand US Troops Sent to Middle East in Response to Iran’s Attack on Oil Tankers

One thousand U.S. troops are being sent to the Middle East in response to last week’s attacks on oil tankers in the Gulf of Oman. The US accused Tehran of being responsible for an explosion that set two oil tankers on fire off the coast of Iran. The Pentagon released video last week that officials …

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The Possible Meaning and Impacts of Huawei Global CFO Arrest in Canada

Huawei’s global chief financial officer, Meng Wanzhou, has been arrested in Vancouver and is being sought for extradition by the US government. The reason was because Huawei violated US sanctions against Iran. Hong Kong fell about 2.5% and Tokyo stocks closed down 1.9%. Shanghai’s market fell 1.7%, while US stock futures were pointing down more …

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France freezes Iranian assets over foiled bombing attempt

France said on Tuesday there was no doubt Iran’s intelligence ministry was behind a June plot to attack an exiled opposition group’s rally outside Paris and it seized assets belonging to Tehran’s intelligence services and two Iranian nationals. The hardening of relations between Paris and Tehran could have far-reaching consequences for Iran as President Hassan …

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Will failed national cryptocurrencies lead to adoption of better cryptocurrencies?

Iran is launching a cryptocurrency backed by its national fiat currency the Rial. Transactions will be recorded on a private blockchain based on open-source Hyperledger Fabric technology. The Central Bank of Iran will control the issuance of new tokens at their discretion. The new cryptocurrency would help move money and avoid sanctions. Venezuela has tried …

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