In Charts: US Does Not Rely On Strait Of Hormuz Oil While Asia Stands To Lose

"Rare Sight": USAF C-17 Jets Land In Beijing Ahead Of Trump-Xi Summit As the Strait of Hormuz takes center stage Monday morning, Iran is threatening to attack any ship that attempts to transit the critical waterway. This directly challenges President Trump's plan for the U.S. Navy to "guide" tankers and container ships through the chokepoint. Looking beyond the ongoing Hormuz crisis, the China topic is next: Trump is still expected to meet with Chinese President Xi Jinping in the coming weeks. This means any U.S.-Iran escalation could leave Hormuz disrupted for...

Trump To Address Nation With 'Important Update' On Iran War: What Will He Say? Update (0845ET): Minutes after we prepared this post, President Trump posted on his social media feed that Iran has asked for a ceasefire: "Iran’s New Regime President, much less Radicalized and far more intelligent than his predecessors, has just asked the United States of America for a CEASEFIRE!" Trump added that he will consider it if the Strait is opened... or else! "We will consider when Hormuz Strait is open, free, and clear. Until then, we are blasting Iran...

'Crypto Spring': StanChart Sees Ethereum Outperforming As Mt. Gox Moves $739M BTC From Cold Wallets “Over the past week, we acquired 26,497 ETH,” Bitmine Immersion Technologies Chair, Tom Lee, said in a statement on Monday. “In our view, ETH prices are not reflecting the strengthening of Ethereum fundamentals, but then again, this is not surprising given we are in the early stages of crypto spring.” As CoinTelegraph reports, Bitmine is the largest Ether treasury company with 5.4 million ETH worth more than $10.5 billion. It had slowed its pace of buying earlier this month after scooping up more...