Lates News

Due to Iran's pledge not to reopen the Strait of Hormuz as long as the United States continues to block Iranian ports, oil prices rose. Al Jazeera reported that around 8:30 in the morning, the price of American and British oil skyrocketed and then quickly fell back. Due to uncertainty about whether war will reignite, oil prices continue to fluctuate slightly. Later, Iran's international television reported that there were multiple explosions in the eastern and western parts of Tehran early Thursday morning local time. Sources said the sounds were similar to those of an anti-aircraft system, but this information has not been confirmed by other media outlets. KCM Trade's chief market analyst, Walter, said, "Brent crude oil briefly returned to triple-digit prices, causing inflation worries to remain the focus of the market and leading to gold being on the defensive today." Walter pointed out, "Investors are worried that this 'ceasefire with blockade' situation may continue for months, turning short-term price spikes into long-term inflation anchors; from the perspective of asset yield, this will be bearish for the trend of gold."