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English Media: European Countries in Talks with Iran to Resume Hormuz Strait Shipping

2 hours ago

March 13 – Several European countries, including France and Italy, have held talks with Iran to secure safe passage for their ships through the Strait of Hormuz and restore Gulf energy transit, according to the Financial Times. Three officials familiar with the negotiations said multiple European nations are in preliminary discussions to resume oil and gas exports without escalating the conflict. Two noted France is among the participating countries; another added Italy is also seeking engagement with Iran on the issue. European governments have sought to avoid direct involvement in the conflict, with some criticizing initial U.S. and Israeli strikes on Iran. Still, they are deeply concerned that a prolonged strait blockade could drive up energy costs for businesses and households. One official also noted some European countries oppose engaging Iran. A UK official said Britain has not entered direct talks with Iran over strait access, but Foreign Secretary Dominic Raab—currently visiting Saudi Arabia—is discussing ongoing oil supply issues with Gulf states. (FX678)
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Institution: Oil Price Shock Could Boost Fed Inflation Outlook, Powell to Emphasize Patience

March 13: Bank of America said the Federal Reserve (Fed) will need to address another supply shock—rising oil prices. In the Summary of Economic Projections (SEP) due ahead of the Fed’s March meeting, overall and core inflation forecasts are likely to be revised higher. Per the Bank of America report: “If long-term growth expectations are also revised up, we expect the median dot plot for long-term interest rates to edge slightly higher.” In this scenario, the bank expects Fed Chair Jerome Powell to acknowledge stagflation risks while stressing a cautious approach. (FXStreet)

19 minutes ago

Market News: Explosion Heard in Dubai

March 13 — Market sources report an explosion was recorded in Dubai. Earlier today, BlockBeats noted UAE authorities confirmed the area was targeted by 7 missiles and 27 drones last Friday. On the same day, Abu Dhabi National Oil Company (ADNOC) set April’s official selling price for Murban crude at $69.45 per barrel. Separately, crypto influencer “Late Night Cat” disclosed some Middle Eastern family offices have recently reached out to Singapore about relocating funds to the city-state. Several Dubai-based family offices have also begun discussing landing arrangements. However, those funds entering Singapore still require compliance procedures, including background checks by the Monetary Authority of Singapore (MAS).

19 minutes ago

U.S. March 1-Year Inflation Rate Expectation Initial Value 3.4%, Expectation 3.7%

**March 13th U.S. Economic Data Highlights:** - **1-Year Inflation Expectation (Mar, initial):** 3.4% (forecast: 3.7%; prior: 3.40%) - **Jan JOLTs Job Openings:** 6.946M (forecast: 6.7M; prior revised to 6.55M from 6.542M) - **Michigan Consumer Sentiment (Mar, initial):** 55.5 (forecast: 55; prior: 56.6) *Source: FX678* ### Notes on U.S. style: 1. Uses **M** (million) abbreviation for brevity (common in financial/ economic briefs). 2. "Forecast" (not "expected") is standard for economic data comparisons. 3. Clear, scannable bullet points (U.S. readers prefer concise, skimmable formats). 4. "Revised to X from Y" explicitly clarifies prior value adjustments. 5. Keeps key context (date, source) upfront without extra fluff.

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A whale exchanged 4,480 XAUT for 10,242 ETH, worth approximately $21.92 million

On March 13th, per Lookonchain monitoring, two wallets believed to be controlled by the same crypto whale deposited 4,480 Tether Gold (XAUT) to Bitfinex over the past two hours—valued at roughly $22.7 million—while also withdrawing 10,242 ETH from the exchange, worth approximately $21.92 million.

19 minutes ago

WSJ: U.S. Military Considers Sending More Ships to the Middle East to Escort Tankers Through the Strait of Hormuz

On March 13, the U.S. Department of Defense is weighing deploying additional warships to the Middle East to escort oil tankers through the Strait of Hormuz, per a Wall Street Journal report. Earlier, the UK's Maritime Trade Operations said a vessel was attacked and caught fire near the Strait of Hormuz. (IG)

19 minutes ago

TRUMP 24h Price Change Extends to 54%, Market Cap Reaches $2.419 Billion

March 13: Per HTX market data, TRUMP’s 24-hour gain has jumped to 54%, currently trading at $4.275, with its market cap climbing to $2.419 billion.

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