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Situation of vessels passing through the Strait of Hormuz in the past 24 hours.
The situation remains the same as in recent days, basically no vessels dare to pass through except those permitted by Iran.
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The military situation between 🇮🇷Iran vs 🇮🇱Israel & 🇺🇸USA is currently at a serious escalation level, focused on the phase of mutual attacks on energy infrastructure. The war began on 28/2/2026 with coordinated US-Israel strikes on Iran, resulting in the death of Supreme Leader Ali Khamenei and many senior leaders, then expanding into a full-scale conflict.
Current situation overview as of early 20/3
• The war has entered week 3-4, with US-Israel maintaining air superiority, conducting thousands of airstrikes (over 7,000 targets attacked according to the Pentagon), destroying most of Ir
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⛽ Domestic fuel prices continue to surge in the latest adjustment period
- RON 95-III increased 5,120₫ → 30,690₫/liter
- E5 RON 92 increased 4,670₫ → 27,170₫/liter
- Diesel: 33,420₫/liter | Kerosene: 35,920₫/liter (increased 3,400–8,990₫ depending on type)
This is the 6th consecutive use of the Price Stabilization Fund, with subsidy levels:
- Diesel & kerosene: 4,000₫/liter
- Gasoline & fuel oil: 3,000₫/liter
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Summary of key points highlighted in Federal Reserve Chairman Jerome Powell's speech:
Good afternoon. 🦅
- Keeping interest rates at 3.5-3.75%, no further cuts at this time.
- Economy is solid, but inflation remains "a bit elevated" and disinflation progress is slower than expected, partly due to tariffs and sharp oil price increases (from Middle East supply disruptions, related to Iran conflict).
- Oil price increases will push short-term inflation up, but overall impact on spending and employment could be partially offset since the US is a net energy exporter.
- Forecast: Possible interest r
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🚨 HOT NEWS: 🇺🇸President Trump has ordered airstrikes on Iran's 🇮🇷Kharg Island!
"Recently, under my direction, the United States Central Command conducted one of the most powerful bombing campaigns in Middle East history and completely eliminated all MILITARY targets on Iran's precious jewel, Kharg Island… but for legitimate reasons, I chose NOT to wipe out the Oil Infrastructure Facilities on the Island.
However, if Iran, or anyone else, does anything to interfere with the free and safe passage of ships through the Strait of Hormuz, I will immediately reconsider this decision."
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"Oil prices rise, we made a lot of money" Trump
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🔴 Oman has evacuated all ships from the Mina Al Fahal oil export port to prevent potential attacks from Iran.
This port is outside the Strait of Hormuz and is one of the few points still capable of transporting Middle Eastern oil to the global market after the outbreak of conflict.
According to Kpler, Mina Al Fahal exports about 1 million barrels of Oman oil per day.
Yesterday and today, there have been numerous attacks by 🇮🇷 Iran on oil tankers, refineries, ports, and oil and gas infrastructure in the region. This has caused crude oil prices to surge again.
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🤡 11 PM last night, Trump: “I think oil companies should use the Strait of Hormuz”🤡
🔴5 AM this morning, 12/3, two oil tankers were attacked in the northern Persian Gulf, near Iraq and Kuwait, causing a sharp increase in international oil prices at the start of Thursday and raising concerns about energy transportation safety.
According to CNN, the two ships Zefyros (flag Malta) and Safesea Vishnu (flag Marshall Islands) caught fire while anchored in Iraqi waters. Iraqi forces rescued 38 crew members, but at least 1 person was killed.
IRIB reported that Iran’s unmanned underwater drones attac
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NEWS: Three more commercial ships continue to be attacked by 🇮🇷 Iran in the Strait of Hormuz today. A Thai-flagged cargo ship, Mayuree Naree, was damaged near the coast of Oman; a Japanese container ship, One Majesty, was lightly damaged near Ras Al Khaimah (UAE); and another cargo ship was attacked near the northwest area of Dubai.
The latest incident brings the total number of commercial ships attacked since the outbreak of the Middle East conflict to at least 14.
Crude oil prices $WTI have started to rise again.
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NEWS: The IEA announces it will release 400 million barrels of oil from emergency reserves to stabilize the market.
WTI and Brent crude prices fell by about $3 but have recovered. It seems the market has already priced in the news from previous days.
Analysts believe that strategic reserves are only a temporary solution, not a long-term supply source.
If the conflict persists and reserves are heavily used, countries will need to replenish them, which could increase oil demand in the future rather than reduce pressure on the market.
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🔴U.S. President Trump: Iran has "almost no targets left to attack" and the war with Iran will end soon.
🔴U.S. President Trump: The Iran war will end soon, "When I want it to end, it will end then."
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🔴 Iran declares no longer limited to proportional retaliation
On March 11, Iran emphasized that any ships belonging to the US, Israel, and their partners, or the oil cargo they transport, are considered "legitimate targets" of the Iranian armed forces.
Emphasizing that Iran's previous "proportional retaliation" has ended, and from now on, Iran will implement a "continuous attack" strategy, no longer maintaining the previous one-to-one retaliation pace.
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LATEST: A cargo ship caught fire after being shot at in the Strait of Hormuz. The Royal Navy stated that the crew had to urgently abandon the ship after it requested rescue.
UKMTO reported that the incident occurred about 11 nautical miles off the coast of Oman. From February 28 to March 10, the agency received at least 10 reports of attacks on ships, and warned that the maritime threat level is currently "extremely dangerous."
Previously, Trump and the United States had announced plans to escort ships through the strait, but they have not yet been deployed.
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NEWS: The IEA is proposing the largest release of oil reserves in history to cool down the soaring oil prices caused by the US–Israel conflict with Iran.
According to the Wall Street Journal, the amount of oil expected to be released into the market could exceed 182 million barrels – a level previously released by IEA countries during the Russia–Ukraine crisis in 2022.
The proposal has been discussed at an emergency meeting of 32 member countries, and a final decision is expected to be made on Wednesday.
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🔴The U.S. intelligence agency has begun detecting signs that Iran is taking measures to mine the Strait of Hormuz.
Oil prices rebounded after the news
🔴Earlier, the U.S. Secretary of Energy reported that the U.S. Navy successfully escorted a tanker through this waterway, but then retracted the information. The truth is, the U.S. Navy has not yet escorted a tanker through the Strait of Hormuz.
🔴Iran immediately declared: Any actions by the U.S. fleet and their allies will be blocked within the range of our missiles and drones. In wartime, no U.S. warship dares to approach the waters of Oman,
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NEWS: Russia takes advantage of large crude oil releases as oil prices surge.
Vladimir Putin calls on Russian oil companies to capitalize on the spike in energy prices caused by Middle East tensions to boost exports and use the additional revenue to reduce debt with domestic banks.
He believes that disruptions in supply at the Strait of Hormuz could cause oil and LNG production dependent on this shipping route to halt for about a month, and restoring supply could take several weeks to a month.
However, Putin emphasizes that the current high oil prices are only temporary, as the market will eve
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🔴Theo tờ Financial Times của Anh: G7 (United States, Japan, Germany, the UK, France, Italy, and Canada) will discuss jointly releasing emergency oil reserves, with three G7 countries, including the United States, already expressing support for releasing the emergency oil stockpile.
🔴 International oil prices dropped sharply again following the news.
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🔴 Qatar warns Gulf export countries may collectively halt production, oil prices could rise to $150 per barrel
According to the UK-based Financial Times, Qatar's Energy Minister has issued a warning that the Middle East conflict could "weaken the global economy" and predicts that all Gulf energy-exporting countries will cease production within a few weeks, pushing oil prices up to $150 per barrel.
Saad al-Kaabi stated that even if the war ends immediately, Qatar will still need "a few weeks to several months" to restore normal supply cycles after their largest natural gas plant was attack
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Is everyone trading?
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🔴 "Trump: Urgently Need to Implement Additional Measures to Reduce Pressure on the Oil Market".
The United States is expected to announce measures to counteract soaring energy prices as early as Thursday.
Instead of releasing oil from the Strategic Petroleum Reserve as before, the U.S. Department of the Treasury plans to use the futures oil market to reduce short-term pressure.
However, many experts are skeptical. Some analysts believe that if the U.S. Department of the Treasury intervenes in the oil market, it could be beyond its authority.
Analyst John Kilduff, a partner at Again Ca
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