Sun, May 19, 2024

Crude Oil: Iran’s Raisi Repeats Warnings as Israel Considers Air Attack Response

Iran President Ebrahim Raisi said Iran attacked Israel on last Sunday is the fierceful response. Iran threatening deal for Israel, If Israel retailiation done on Iran, Iran sketched nuclear sites on Israel to damage and region. So Tit for tat war will soon begins if Israel shoot first on Iran. Other side, US sanctions on Venezuela, Iran, China for Oil, Aluminium, Steel tariffs to lower the export power in order to instabilise the Military power spending. Russia and China supporting Iran for stop the devastation due to war.

XTIUSD is moving in Descending channel and market has rebounded from the lower low area of the channel

XTIUSD is moving in Descending channel and market has rebounded from the lower low area of the channel

Iranian President Ebrahim Raisi has reiterated a stern warning, stating that even the “tiniest attack” by Israel would trigger a “massive and harsh” response. This statement came during Iran’s annual army parade on Wednesday, amidst heightened concerns over the possibility of a full-scale conflict in the Middle East.

Raisi’s remarks follow Iran’s recent attack on Israel, raising anticipation for potential retaliation. Despite calls for restraint, Israel has vowed to respond, with UK’s foreign minister indicating during his visit to Israel that action has been decided upon.

Speaking at the ceremony, Raisi praised Iran’s direct attack on Israel, known as “True Promise,” and reaffirmed the country’s readiness to deliver a strong and fierce response.

Since Operation Al-Aqsa Flood last October, tensions between Iran’s allies in Lebanon and Yemen and Israel have simmered. However, a suspected Israeli strike on Iran’s consulate in Syria on April 1 triggered Iran’s first-ever direct attack on Israel.

Raisi emphasized that the recent attack was just a sample of Iran’s capability, suggesting that if they had intended a larger assault, “nothing would remain from the Zionist regime.”

Iranian officials have warned of swift retaliation to any Israeli response, emphasizing that the supporters of Israel will realize their limitations in such a scenario.

CAD Overall oil demand trend will be changed to the supply trend if Iran supplies Oil to the Eurozone.

Amidst fears of escalating conflict, Iran is deploying warships in the Red Sea to escort Iranian commercial shipping, anticipating potential disruptions due to ongoing attacks by Yemen’s Houthi group, which have targeted ships bound for Israel.

Crudeoil: Oil Stable Despite Iran’s Threats against Israeli Nuclear Sites

Iran President Ebrahim Raisi said Iran attacked Israel on last Sunday is the fierceful response. Iran threatening deal for Israel, If Israel retailiation done on Iran, Iran sketched nuclear sites on Israel to damage and region. So Tit for tat war will soon begins if Israel shoot first on Iran. Other side, US sanctions on Venezuela, Iran, China for Oil, Aluminium, Steel tariffs to lower the export power in order to instabilise the Military power spending.Russia and China supporting Iran for stop the devastation due to war.

XTIUSD is moving in Ascending channel and market has reached higher low area of the channel

XTIUSD is moving in Ascending channel and market has reached higher low area of the channel

Oil Stable Despite Iran’s Threats against Israeli Nuclear Sites

Oil prices have stabilized after initially dipping in response to Iran’s aggressive rhetoric, in which they vowed to target several nuclear sites in Israel if provoked. Such threats intensify regional tensions and contribute to geopolitical uncertainties. Additionally, ongoing sanctions imposed by the US on countries like Venezuela and Iran, along with tariffs on steel and aluminum from China, are further fueling uncertainty and geopolitical risks.

On the currency front, the US Dollar has experienced a reversal, gaining ground following positive US economic data releases, which exceeded expectations. This shift in the greenback’s momentum comes amid concerns expressed by various central banks in Asia, including the Bank of Japan and the Bank of South Korea, regarding the adverse impact of a strong US Dollar on their efforts to combat inflation. They even discussed the possibility of joint intervention to mitigate currency depreciation against the Greenback.

Key developments in the oil market:

– Recent reports indicate that Iran’s Oil exports have reached their highest levels in over six years, as reported by the Financial Times.

– China is expected to witness a surplus in Oil production, projected to expand to 82 million tons by 2030, according to Li Ran, a researcher at CNPC’s Economics & Technology Research Institute. This surplus could offset any shortfalls in the market from OPEC and other suppliers.

OPEC Deal compromised with 4lakhs barrel production per day

– Goldman Sachs analyst Daan Struyven identifies $90 as a potential ceiling for Brent Crude prices.

– The latest Crude Oil Inventories report from the US Energy Information Administration (EIA) revealed that Gulf Coast stockpiles are at their highest level in a year. US inventories increased by 2.74 million barrels, marking the highest level since June 2023.

Crudeoil: Iran Issues Nuclear Threat amid Rising Gaza Death Toll

Iran President Ebrahim Raisi said Iran attacked Israel on last Sunday is the fierceful response. Iran threatening deal for Israel, If Israel retailiation done on Iran, Iran sketched nuclear sites on Israel to damage and region. So Tit for tat war will soon begins if Israel shoot first on Iran. Other side, US sanctions on Venezuela, Iran, China for Oil, Aluminium, Steel tariffs to lower the export power inorder to instabilise the Military power spending.Russia and China supporting Iran for stop the devastation due to war.

XTIUSD has broken Descending Triangle in upside

XTIUSD has broken Descending Triangle in upside

Iran has issued a direct nuclear threat in response to potential Israeli retaliation following Iran’s recent significant assault.

Ahmad Haghtalab, a senior commander of the Iranian Revolutionary Guards, explicitly warned that any Israeli attack on Iran’s nuclear facilities would trigger a reciprocal strike targeting Israel’s own nuclear sites with advanced missiles.

This statement marks the first time Iran has openly referenced its alleged nuclear weapons program since it launched a massive attack on Israel, involving over 300 missiles and drones.

Since the US withdrew from the nuclear deal with Iran in 2018, experts have raised concerns about Iran’s potential to develop a nuclear bomb within six months to a year.

Crude Oil US Dollar

Meanwhile, the health ministry in Gaza, under Hamas control, reported a staggering death toll of nearly 34,000 Palestinians since Israel’s retaliatory offensive following Hamas’ initial assault on October 7th. The casualties include over 33,970 fatalities and 76,770 injuries, with the majority being women and children.


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