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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
MNI ASIA MARKETS ANALYSIS:Waiting For Next Inflation Shoe Drop
Key Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
Iran’s Revolutionary Guard Says It Won’t Block Strait of Hormuz
Commodore Alireza Tangsiri, head of Iran’s Islamic Revolutionary Guad Corps naval forces said that Iran has the option of disrupting the Strait of Hormuz in the Persian Gulf amid rising tensions with Israel but chooses not to.
- Around 20% of global oil supply passes through the Straits of Hormuz, according to Reuters’ calculations, around 20.5m b/d. Around 20%, or 80m mtpa of LNG also passes through the Strait.
- Iran won’t act hastily on emotions and will deliver “slap” to Israel in due time, he added.
- He also added that the Israeli relationship with UAE is a threat to Iran and its interests.
- Concerns of wider conflict in the Middle East between Israel and Iran have added a geopolitical risk premium to oil since the Oct. 7 attacks.
- While the comments on keeping the Straits of Hormuz open are a positive sign, the market will be concerned about wider escalation and whether Iran’s current policy could change if hostilities worsen.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.