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07:55
Golden Ten Futures Chart
Golden Ten Futures APP exclusive compilation: Domestic futures basis data for March 9 has been updated, click to view.
07:52
Oil prices surge to highest level since mid-2022, ING warns: long-term supply disruptions already priced in
Golden Ten Data reported on March 9 that due to some major oil-producing countries in the Gulf beginning to cut production, and the Hormuz Strait shipping lane effectively remaining closed, oil prices have surged to their highest levels since mid-2022. Analysts at ING stated: "These production disruptions, combined with no signs of easing in the war, mean the market has to aggressively price in long-term supply interruptions. Even if transportation through the Hormuz Strait resumes, it will still take time to increase upstream capacity."
07:51
Iran Threatens to Hit Neighboring Oil Facilities, Iran's Revolutionary Guard: Ready for $200 Oil Price
BlockBeats News, March 9th, according to The Guardian , following Israel's attack on Tehran and surrounding at least five energy facilities, intensifying market concerns that the conflict will seriously disrupt the world economy, Iran has threatened to attack neighboring oil facilities. An Islamic Revolutionary Guard Corps (IRGC) spokesperson in Iran said on Sunday, "If you can bear oil prices above $200 per barrel, then continue this game." As oil prices soar, the United States is trying to reassure the market, stating that it will not target Iran's energy infrastructure. An Islamic Revolutionary Guard Corps spokesperson accused the US and Israel through official media of targeting civilians and fuel facilities, and warned Gulf countries to urge them to stop their actions, otherwise, "similar actions will be taken in the region". (FX168)
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