News
🚨 🇺🇸 🇮🇷 US officials say Iran pressure is shifting to a blockade for now, 🇺🇸 last SPR barrels awarded, 🌍 gold slide deepens to 3%
🚨 🇺🇸 🇮🇷 US officials say Iran pressure is shifting to a blockade for now, 🇺🇸 last SPR barrels awarded, 🌍 gold slide deepens to 3%
- 🇺🇸 🇮🇷 Thursday's high-level US meeting on Iran focused mainly on a blockade and economic pressure rather than military strikes, though strikes could still follow straight after the US midterm elections, a US news site reports citing several officials (newswires, ; not officially confirmed)
- 🇺🇸 The Energy Department has awarded contracts for almost 41 million barrels from the Strategic Petroleum Reserve, completing the 172 million barrel release meant to offset the Middle East price shock (newswires, )
FO view: A blockade-first approach keeps Iranian barrels squeezed without the immediate strike risk this afternoon's Iran alert flagged, and the final SPR tranche removes the last emergency supply cushion, so oil stays bid on Hormuz while gold.
Not investment advice.