Rubio In Gulf Says 'Zero Support' For Hormuz Tolls, As IRGC Warns Ships Not Complying 'Will Be Dealt With'

Tether's USDT Jumps To 8.5% Premium In India After Crypto Payment Crackdown Authored by Shaurya Malwa via CoinDesk.com, Raids on crypto payment firms in Bengaluru disrupted the pipeline that feeds dollar-pegged USDT to Indian platforms, pushing its local price more than 8.5% above the dollar, roughly double the usual gap. The price of Tether's USDT, the largest dollar-pegged stablecoin, has climbed to more than 8.5% above its dollar value on Indian platforms after a government crackdown on crypto payment firms choked off the token's supply into the country. USDT traded around 102.88 rupees over the...

Yemen's Saudi-Backed President Calls On Citizens To Mobilize, In Sign Of Desperation The Ansar Allah movement, commonly called the Houthis, have remained the most recognizable name and force in Yemen of late, but lesser known among many headline consumers is the country's internationally recognized government, which is directly backed by the Saudis and recognized by the United Nations. Rashid Al-Alimi, ​president of the 'legitimate' government based out of Sanaa, ‌on Friday called ​on ‌all Yemenis to ⁠mobilize and join the armed ⁠forces against the Houthi rebels' onslaught. Source: Iranian presidency's officeThe general...

Democracy Manifest By Benjamin Picton, senior market strategist at Rabobank US stocks defied a strong lead from Europe and Asia on Friday to close broadly in the red. IT, telecommunications and the consumer discretionary sector led declines while energy, materials and consumer staples performed well. Oil prices surged following further reports of attacks on shipping in the Strait of Hormuz, with Iran claiming that two tankers carrying up to 4 million barrels of crude were struck by marine mines. The BBC reports UKMTO figures noting that the number of ships being...