Goldkeeper

JUST IN: 🇶🇦 Qatar says it has dissociated itself from the war and refused to be part of any escalation.

Per a report from the Wall Street Journal, Iran has responded to the Trump administration’s proposal for a ceasefire with demands that far surpass the characterization of maximalist. Iran has demanded the closure of all U.S. bases in the Gulf region, a new Strait of Hormuz framework, that would allow Iran to charge fees for vessels that transit, the end of all sanctions on Iran, an end to Israeli operations against Lebanese Hezbollah, and no discussion on Iran’s ballistic missile program. Such demands have been called ridiculous and unrealistic by U.S. officials.

The gold price has plummeted, and China has seen a big wave of buying gold. Major banks are out of stock for gold bars weighing less than 50 g. Purchasing gold bars at major gold stores in Beijing requires an appointment and does not guarantee supply. March 24's data as follows.

Jet has been ground zero since week one, followed by naphtha and fuel oil. Diesel comes next, gasoline last. In practice, the entire barrel is exposed; this is a system-wide shock, not a product-specific one.

JUST IN: 🇺🇸🇮🇷Trump says he and the Ayatollah together will control The Strait of Hormuz: It will be jointly controlled, and maybe controlled by me and the Ayatollah.

IRANIAN SECURITY SOURCE SAYS IRAN INTENDS TO ESTABLISH A NEW LEGAL SYSTEM IN THE STRAIT OF HORMUZ