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Russian President Vladimir Putin has held a phone conversation with Qatari Emir Tamim bin Hamad Al Thani to address the acute crisis in the Middle East, which the Kremlin said was triggered by the USโIsraeli actions against Iran.
Key statements:
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๐ค Why Strait of Hormuz closure could strike back at US economy
It could destabilize the US economy now that more countries start to clinch trade deals in national currencies, โaccelerating the US to a process of decadence that may make it difficult to remain in global leadership in the future,โ Brazilian political scientist Domenique Marques tells Sputnik.
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It could destabilize the US economy now that more countries start to clinch trade deals in national currencies, โaccelerating the US to a process of decadence that may make it difficult to remain in global leadership in the future,โ Brazilian political scientist Domenique Marques tells Sputnik.
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๐บ๐ธDefense Secretary Pete Hegseth says Operation โEpic Fury,โ ordered by President Donald Trump, was the most lethal and precise air campaign in history โ declaring, โWe didnโt start this war, but we are finishing it.โ
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๐บ๐ธHegseth to Iran: If you threaten Americans, we will hunt you down and kill you
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๐บ๐ธHegseth says the escalation with Iran is not a regime-change war
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๐จ๐ฎ๐ทAyatollah Khameneiโs wife succumbs to injuries from USโIsraeli attack - reports
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๐บ๐ธHegseth: There are NO American boots on the ground in Iran, but warns the US will "go as far as we need to go"
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๐จ ISNA: US Embassy in Bahrain has announced its closure
Earlier, reports said the US Embassy in Kuwait was also closed
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Earlier, reports said the US Embassy in Kuwait was also closed
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Key statements
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๐ฌ "Whenever there is uncertainty around the world, a simple logic of an investor is that I want to pull out my money from risky assets and I want to put it in asset classes which are safer," Rachana Ranade, a prominent Indian Chartered Accountant, tells Sputnik. "And gold is the obvious choice, be it individual investors or even governments."
๐ฌ "If we are able to sustain above $5,420 for next two, three days, and if the war situation keeps on going like it is right now, it may start moving closer to 5,600," Ranade says.
Why gold and not the US dollars or bonds?
๐ฌ "And that very clearly suggests that the theme of de-dollarization is slowly but steadily accelerating."
Countries no longer want to rely on a single asset and seek to diversify from the dollar โ and gold is an excellent choice, the pundit said.
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Key statements:
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Russian President Vladimir Putin held a phone call with Saudi Arabian Crown Prince Mohammed bin Salman.
They discussed the escalating conflict in the Middle East following US-Israeli attacks on Iran.
Key points:
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๐ฌ "The economic consequences of the escalating conflict are felt both regionally and globally,โ Turkish economics expert Hakan Topkurulu tells Sputnik, commenting on the USโIsraeli strikes on Iran.
๐ Global repercussions
๐ฌ โTurning the Indian Ocean and the adjacent trade routes into a combat zone could bring global trade to a standstill,โ Topkurulu warns.
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