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FT: Gulf oil producers have lost about $151 billion in energy revenue, with the Hormuz Strait nearly closed

1 hours ago

March 13 — According to the Financial Times, Gulf oil-producing nations have collectively lost roughly $15.1 billion in energy revenue since the U.S. and Israel launched a military strike on Iran. Near-stagnant shipping in the Strait of Hormuz has stranded millions of barrels of crude oil amid transport disruptions. The Strait of Hormuz is one of the world’s key energy transit routes, handling roughly one-fifth of global oil trade. The ongoing regional conflict has sharply cut oil tanker shipments, leaving millions of barrels of crude unexportable and hitting Middle Eastern energy supplies and the global oil market.
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Market News: Traders Betting Fed Will Cut Rates Before September

March 13: Traders are betting the Fed will cut interest rates before September, per market sources.

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U.S. Core PCE Reaches Near Two-Year High in Line with Expectations

On March 13, the U.S. January core PCE price index (year-over-year) rose to 3.1%—its highest reading since March 2024—matching market expectations. (RapiData APP)

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A certain whale has recently accumulated a total of 2,003.2 BTC, with an average price of $69,923

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US Defense Secretary: Strait of Hormuz is Open for Passage, But Iran Still Firing on Vessels

On March 13, U.S. Secretary of Defense Haggerthauer said regarding the Strait of Hormuz that Iran’s attacks are the only thing impeding shipping. “We have contingency plans for all contingencies,” he stated. The Strait of Hormuz is now open to shipping, but Iran continues firing on vessels.

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Invested in MELANIA, lost $14 million, bought 2.2 million TRUMP at an average price of $3.17 per coin, with an unrealized gain of $2.72 million

On March 13th, Lookonchain data reveals that the whale address DNTpoX spent 30 million USDC to purchase MELANIA tokens a year ago, later selling them for 14.32 million USDC—incurring a $15.68 million loss. Today, after the announcement of a grand banquet for TRUMP token holders, the whale bought 2.2 million TRUMP tokens at $3.17 each (totaling approximately $9.68 million). As of now, the position holds a floating profit of $2.72 million.

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U.S. Secretary of Defense: Iran's New Supreme Leader Could Be Injured

On March 13, U.S. Secretary of Defense Hagersee stated that the U.S. and Israel have struck roughly 15,000 targets since the conflict began, and hinted Iran’s new Supreme Leader may have been injured. Speaking alongside Chairman of the Joint Chiefs of Staff General Kane at a joint press conference, Hagersee noted: “The U.S. is dismantling the military capabilities of Iran’s radical regime in an unprecedented fashion.” Separately, a U.S. aerial refueling tanker crashed in Iraq at the time of the statement, killing all four crew members. Source: Golden Finance

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