DYS-Functional Exercise

"Severely Curbed": Gold Shipments Through Dubai Stalled In Wake Of Strikes On Iran Gold shipments through Dubai are set to stall for several days after airlines suspended flights amid U.S. and Israeli strikes on Iran and Tehran’s response, according to three industry sources and Reuters. Because gold is typically transported by air for security and insurance reasons, the cancellations are expected to sharply limit physical flows. Reuters writes that Dubai is a key supplier to Switzerland, Hong Kong and India. Sources said the broader impact on global supply will depend on how long the...

Key Aluminum Spread In London Hits Biggest Backwardation Since 2007 Aluminum futures in London surged to a four-year high on Monday as President Trump's Strait of Hormuz blockade, set to take effect this morning, threatened to deepen supply chain disruptions across the Gulf region. On top of that, the Gulf's largest aluminum producer declared force majeure on parts of its contract book over the weekend. Aluminum climbed 1.4% to $3,547 per ton on the London Metal Exchange as traders priced in increased shipment disruption risk ahead of President Trump's Hormuz blockade,...

Iran Retaliates On US Bases In Five Countries Simultaneously As Tehran Bombed Iran launched retaliatory strikes targeting Israel and US assets across the Middle East, hitting sites in Qatar, the UAE, Kuwait, Bahrain, Syria, Jordan, and Iraq - soon after the Trump-ordered 'Operation Epic Fury' started, which appears aimed at accomplishing regime change in Iran. Multiple explosions rocked Tehran, with additional blasts reported in several other locations nationwide, soon after which several countries across the region closed their airspace once it was bombs away, and as the cross-border attacks intensified. Israel is...