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Economic and logistical infrastructure across the Gulf has come under renewed fire as the month-long regional conflict s...
28/03/2026

Economic and logistical infrastructure across the Gulf has come under renewed fire as the month-long regional conflict shifts toward high-value industrial targets. In Kuwait, spokesperson Abdullah Al-Rajhi confirmed drone strikes caused significant damage to the international airport’s radar systems, though no injuries were reported. Simultaneously, two drone attacks targeted Oman’s Salalah port, injuring a worker and damaging a crane.

The escalation reached a peak in the United Arab Emirates, where the defense ministry used fighter jets and air defenses to intercept an Iranian ballistic missile and drone barrage. However, falling debris ignited two fires within the Khalifa Economic Zones Abu Dhabi (KEZAD), a primary industrial center, resulting in injuries to five Indian nationals.

The latest round of hostilities follows reports of Israeli strikes on Iranian steel plants, signaling a "tit-for-tat" cycle aimed at eroding economic resilience.

U.S. Central Command said the USS Tripoli (LHA-7), an America-class amphibious assault ship, has arrived in the region with about 3,500 sailors and Marines as part of the Tripoli Amphibious Ready Group and 31st Marine Expeditionary Unit. The deployment includes transport aircraft, strike fighters and amphibious assault capabilities, boosting U.S. military presence and operational flexibility.

CENTCOM also pushed back on claims by Iran’s Islamic Revolutionary Guard Corps that it struck U.S. “hideouts” in Dubai, saying no American personnel were targeted or harmed. It described the reports as false and said they were part of a misinformation effort by Iran.

U.S. Servicemen injured
Twelve American servicemembers were wounded in an Iranian attack on the Prince Sultan air base in Saudi Arabia on Friday, according to the Wall Street Journal, citing multiple U.S. and Arab officials. Two of the servicemembers are considered seriously wounded. Initial reports indicated that the number of wounded servicemembers was ten.

The injured servicemembers were inside a building on the base that was struck in the attack. The attack also damaged multiple U.S. refueling aircraft. At least one missile struck the base, as well as several unmanned aerial vehicles, according to two of the officials.

The missile strike is at least the second to strike the base during the war against Iran. Five refueling aircraft were damaged in an earlier strike.

The attack comes as Saudi Arabia and other Gulf countries inch closer to joining the war and take a more aggressive stance against Iran. The U.S. and its allies face a dwindling supply of air defense interceptors after four weeks of war.

Yemen Houthis attack southern Israel
Early Saturday morning, sirens were heard in Israel’s southern town of Beersheba and other nearby towns as the country was hit by a ballistic missile from Yemen. The attack marks the first time that Yemen’s Iran-backed Houthis have attacked Israel as the Middle East conflict escalates.

The Houthis’ attack indicates a significant escalation in the Middle East conflict, which has lasted for almost a month and has roiled global markets.

The militant group claimed responsibility for the attacks on Israel and vowed to keep attacking until Israeli aggression on all fronts ceases. In a Telegram message, the Houthis said, "Our operations, with God’s help, will continue,” “until the aggression against all fronts of the resistance ceases.”

U.S.-Iran talks progress
President Trump’s top Iran envoy Steve Witkoff said the administration plans to meet with Iranian officials this week.

"We are negotiating. It’s clear. Some ships are coming through," Witkoff said at a gathering organized in part by the Saudi Arabian sovereign wealth fund. "We think there will be meetings this week. We’re certainly hopeful for it."

Witkoff said the 15-point deal, which Iran has had for "a bit of time," requires Iran to stop enriching uranium, to give up the almost 10,000 kilograms of enriched material it has, and to agree to oversight.

"Those are red lines for us," he said. "We can’t have a second coming of North Korea in the Middle East. It’s totally destabilizing for that region and for the world."

Iran is expected to deliver its response to a U.S. 15-point plan for a potential cease-fire by the end of Friday, mediators said. While some progress has been made, Iranian officials are expected to reject several of the U.S. demands, the mediators said.

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22/03/2026

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Iran has offered a cautious opening of the Strait of Hormuz to "neutral" vessels following the direct threat from U.S. President Donald Trump. Trump had escalated his administration’s military posture on Saturday, issuing a 48-hour ultimatum to Tehran to "fully open" the Strait of Hormuz.

Writing on social media, the President warned that failure to remove threats to the strategic waterway would result in the "obliteration" of Iran’s power infrastructure, specifically targeting the nation’s largest power plants. Tehran’s maritime representative indicated that ships not linked to "Iran’s enemies" could pass if they coordinate security with local authorities.

The directive follows weeks of maritime instability that have effectively halted shipping through the world’s most critical oil chokepoint, through which approximately 20% of global crude and liquefied natural gas (LNG) normally transits.

Iran maintains that diplomacy is a priority, but it insists that a cessation of U.S. and Israeli "aggression" is required to restore trust. The 48-hour window significantly raises the stakes for the global "just-in-time" energy supply chain.

Iran vows retaliation if the U.S. and Israel attack its power plants
Iran’s military has vowed to retaliate against U.S. and Israeli energy, water, and IT infrastructure if its own power plants are targeted. A spokesperson for the Khatam al-Anbiya command center stated that any hit on Iran’s fuel or desalination facilities would trigger a symmetrical response against regional assets.

The geopolitical standoff has taken a further turn with claims from a senior Iranian lawmaker that a "new regime" is being implemented in the strategic waterway. Alaeddin Boroujerdi told state television that vessels passing through the Strait are now being charged a $2 million fee.

The potential for a "tit-for-tat" infrastructure war represents a severe escalation in the Persian Gulf crisis. Targeting water desalination and information technology hubs could disrupt not only energy supplies but also the region’s basic industrial stability.

Any escalation against Iranian utilities could further solidify the closure of the world’s most critical oil chokepoint. As the deadline approaches, the risk of a spike in crude prices and insurance premiums remains the primary concern for trade.

Strategic infrastructure in the crosshairs
The President’s latest warning marks a pivot in targeting strategy, moving beyond military assets toward Iran’s domestic power grid to exert maximum pressure on leadership.

Trump dismissed suggestions that the U.S. has not met its initial objectives, claiming the military campaign is "weeks ahead of schedule" and has already fundamentally degraded Iran’s naval and aerial capabilities.

As the White House suggests the Iranian government "wants to make a deal," the President has publicly rejected negotiations at this stage, focusing on the unconditional reopening of the Strait.

The functional impact of a potential strike on Iranian power plants would likely extend beyond domestic energy shortages. Such an escalation signals a move toward a total disruption of regional industrial capacity, further complicating any path toward a diplomatic resolution.

President Donald Trump announced Tuesday that the U.S. Development Finance Corporation will immediately provide politica...
03/03/2026

President Donald Trump announced Tuesday that the U.S. Development Finance Corporation will immediately provide political risk insurance and guarantees for maritime trade through the Gulf, with the U.S. Navy prepared to es**rt tankers through the Strait of Hormuz.

The president said in a post on Truth Social that the insurance and guarantees will be available to all shipping lines at "a very reasonable price," particularly for energy shipments. Trump stated the U.S. will ensure the free flow of energy to the world, citing the country's economic and military strength.

The announcement comes as the war between the U.S. and Israel with Iran has disrupted traffic through the Strait of Hormuz, a critical passage for global energy supplies. The strait carries roughly one-fifth of the world's oil consumption and large quantities of gas.

Shipping through the waterway has nearly stopped as the fighting engulfed. Iran declared the strait closed and threatened to attack ships passing through. At least five tankers have been damaged and two personnel killed, with about 150 ships stranded around the strait, which separates Iran and Oman.

Several major shipping companies, including Maersk, announced they are halting operations in the strait.

Oil prices have risen dramatically since the conflict began with Crude Oil WTI futures trading above $77 at one point. It has since pulled back into $73 territory.

Wall Street set for worst month since March amid geopolitics, trade, and AI fearsS. stocks fell on Friday, as continued ...
01/03/2026

Wall Street set for worst month since March amid geopolitics, trade, and AI fearsS. stocks fell on Friday, as continued weakness in the technology sector along with hotter-than-expected producer inflation data weighed on sentiment.
At 14:01 ET (17:09 GMT), the benchmark S&P 500 index was down 0.8% to 6,856.99 points, the tech-heavy NASDAQ Composite shed 1.2% to 22,608.85 points, and the blue-chip Dow Jones Industrial Average was lower by 1.2% to 48,887.75 points.
Nvidia (NASDAQ:NVDA), the most valuable company in the world, was the biggest weight on Wall Street on Thursday, sliding over 5% despite logging bumper quarterly earnings.
Questions over more shareholder returns, especially after a sharp increase in the company’s cash balance, weighed on the stock, as did some profit-taking after a strong run-up ahead of its earnings.
Wall Street set for worst month since March
The benchmark S&P 500 index was on track for its worst monthly performance since March last year. For February, the gauge was down 1.1%. The Nasdaq was also set for the same milestone, down 3.6% for the month. The Dow was set to eke out a monthly gain.
It’s been a turbulent February for Wall Street, which historically has been a weak month for markets. Sentiment came under pressure from a host of drivers such as geopolitical tensions, trade developments, and a changing perspective about artificial intelligence and its disruptive capabilities.
Netflix declines to raise Warner Bros offer
On Friday, Netflix (NASDAQ:NFLX) was in the spotlight, soaring around 13% after the streaming giant said it will not raise its offer for Warner Bros Discovery (NASDAQ:WBD).
This was after Warner determined an upgraded, $31 a share offer from Paramount Skydance (NASDAQ:PSKY) was the superior proposal. Paramount stock jumped 23%, while Warner was down nearly 2%.
Netflix said that with the price required to match Paramount’s latest offer, the deal was “no longer financially attractive.”
Still, the streaming giant is set to receive $2.8 billion as a termination fee from Paramount if Warner picks the latter. Warner shareholders are set to vote on the Netflix deal on March 20.
Netflix declining to further pursue Warner marks a potential end to one of the largest high-profile bidding wars in the media industry. The streaming giant and Paramount had aggressively pursued Warner, with its studio assets and host of popular franchises being viewed as highly attractive.
Elsewhere, Dell Technologies (NYSE:DELL) advanced about 22% after the PC maker delivered record quarterly results on the back of surging AI server demand.
Block (NYSE:XYZ) stock soared 14% after the payments firm said it will slash cut over 4,000 jobs, nearly half its workforce, as part of an overhaul to embed artificial intelligence across its operations.
January producer inflation comes in hot
On the economic calendar, January’s producer price index ticked up 0.5% M/M and 2.9% Y/Y, both higher than the consensus figures of 0.3% and 2.6%, respectively.
Meanwhile, core PPI, which excludes energy and food prices, rose 0.8% M/M and 3.6% Y/Y, compared to estimates of 0.3% and 3.0%.
"The Producer Price Index (PPI) doesn’t typically get the attention that the CPI or PCE inflation readings get, but this morning the PPI was higher than expected across the board and that could upset markets," Chris Zaccarelli, chief investment officer at Northlight Asset Management, said.
"For the past month the market has been worried about AI disruption and its impact on the labor market, so inflation hasn’t been top of mind, but this morning’s inflation readings could give the Fed another reason to be more patient with rate cuts and wait until the second half of the year before making any changes," Zaccarelli added.
JPMorgan sees the latest PPI data slightly firming its estimate for the January personal consumption expenditures (PCE) price index - widely seen as the Federal Reserve’s preferred inflation gauge.
"Today’s PPI report nudged up our core PCE deflator tracking estimate for January to 0.42% m/m, from 0.39% after the January CPI report," JPMorgan’s Michael Hanson said.
"While there may be some Fed officials willing to write off this recent firming as a combination of residual seasonality and temporary tariff effects, we suspect it will reinforce the caution and continued concerns about sticky above-target inflation that a majority of FOMC participants expressed in the most recent minutes," Hanson added.
OpenAI’s record-breaking $110 billion raise
Microsoft (NASDAQ:MSFT)-backed OpenAI on Friday announced a $110 billion investment round, the largest ever for a private tech company.
The round includes $30 billion from SoftBank (TYO:9984), $30 billion from Nvidia, and $50 billion from Amazon (NASDAQ:AMZN). The investment gives OpenAI a pre-money valuation of $730 billion.
"AI demand is surging across consumers, developers, and businesses. Meeting that demand and providing everyone access to our products requires three things: compute, distribution, and capital," OpenAI said in a statement.
"We’ve also signed a strategic partnership with Amazon and secured next generation inference compute with NVIDIA. Additional financial investors are expected to join as the round progresses," the company added.
Crude ends the week higher
Oil prices rose even after the United States and Iran extended talks over Tehran’s nuclear program, easing concerns about potential hostilities that could disrupt supply.
Brent futures climbed 2.8% to $72.89 a barrel, and U.S. West Texas Intermediate crude futures rose 2.7% to $66.97 a barrel.
The talks between the two countries over Iran’s nuclear ambitions concluded on Thursday with no clear deal being agreed.
But they plan to resume negotiations with technical-level discussions scheduled to take place next week in Vienna, Omani foreign minister Badr Albusaidi said in a post on X after the meetings in Geneva.

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