In the face of tension, the shipping industry trusted that Iran would act in its own best interest by keeping the Strait of Hormuz open—a prediction that proved accurate. Cool-headed decisions have ensured uninterrupted passage through this vital waterway.
UBS projects a significant rise in gold prices to $3,500 per ounce by the end of 2025, driven by increased demand for strategic and inflation-hedging assets. The bank advises investors to capitalize on market dips, viewing current geopolitical fears as overblown.
The US dollar shows signs of recovery following Israel’s attack on Iran, but its rebound falls short compared to past geopolitical crises. Investors observe a tepid response, raising questions about the dollar’s safe-haven status.
Amid escalating tensions with Russia, the White House is urging Ukrainian President Volodymyr Zelenskyy to accept a U.S.-backed peace deal. President Trump warns that Ukraine risks “losing the whole country” if decisive action isn’t taken.
In a move to intensify pressure on Iran’s oil industry, the United States has sanctioned Chinese refiner Shandong Shengxing Chemical Co. Ltd. The refinery is accused of purchasing over a billion dollars’ worth of Iranian crude oil, signaling a tougher stance on companies defying US sanctions.
