News

European Commission Vice-President Šefčovič: Trade agreements provide stronger and more diversified supply chains.

European Commission Vice-President Šefčovič: There is still much room for trade to grow, far exceeding current levels.

According to the Iranian news agency IRNA, Iran stated that it possesses the technological foundation to manufacture missiles with longer ranges, and whether to proceed with related projects depends on domestic political decisions. The US should prepare to confront a global superpower; Iran is not the country the US previously imagined, a fact the US now recognizes. Iran also stated that in any confrontation, it will deploy new weapons with greater range, accuracy, and destructive power, and the battlefield is the best environment to test these weapons. The US should not misjudge the situation, and should be particularly wary of misinformation and speculative assumptions from Israel, lest it be dragged into a situation that further damages its international reputation.

The Iranian Navy commander stated that, faced with aggression from enemies such as the United States and Israel, the Iranian people and armed forces have demonstrated that national security is an inviolable red line. Any aggressor will face a strong, resolute, and proportionate response.

UBS CEO: The turnover rate of financial advisors in the United States has stabilized.

UBS CEO: I see strong momentum in wealth creation in the United States.

Market news: Türkiye and the United States will cooperate to develop a small modular reactor.

The German DAX 30 index opened 33.51 points higher, or 0.13%, at 25607.17 on Tuesday, September 22nd; the UK FTSE 100 index opened 22.24 points higher, or 0.21%, at 10761.25 on Tuesday, September 22nd; and the FCHI index opened 17.88 points higher, or 0.22%, at 8156.82 on Tuesday, September 22nd. The Euro Stoxx 50 index opened 9.95 points higher, or 0.16%, at 6328.15 on Tuesday, September 22. The Spanish IBEX 35 index opened 33.87 points higher, or 0.17%, at 19758.27 on Tuesday, September 22. The Italian FTSE MIB index opened 7.96 points higher, or 0.02%, at 52379.50 on Tuesday, September 22.

Israel's Channel 12 reported that amid reports of attempts by the US and Iran to resume negotiations and mutual threats, Israel is also preparing for a potential further escalation of tensions with Iran. The Israeli military described the current situation between Washington and Tehran as "highly tense."

Market news: Traders say the Reserve Bank of India may be conducting USD-rupee buy-sell swap transactions to withdraw rupee liquidity.

Ukrainian President Zelenskyy: We are also prepared to use funds provided by EU loans to purchase more SAMP/T air defense systems and their associated missiles for Ukraine.

Ukrainian President Volodymyr Zelenskyy met with French President Emmanuel Macron, primarily to discuss security issues and winter support plans for Ukraine.

Hungarian Oil and Gas Company: Construction of the AV3 unit at the Danube refinery has been completed; the unit was damaged in a fire last autumn.

Hungarian Oil and Gas Company: Production will gradually resume in October.

According to Interfax news agency, the Russian Ministry of Defense stated that Russian troops struck a cargo ship in the Black Sea.

The Iranian Islamic Revolutionary Guard Corps stated that since the closure of the Strait of Hormuz, the United States and its allies have been using a series of alternatives to mitigate the full impact on the global economy and oil prices. However, these alternatives are now failing one by one. First, there was the US Strategic Petroleum Reserve, which the US had used to fill some market supply gaps. But the reserves have now fallen to approximately 285 million barrels, the lowest level since 1982. Second, there was the Saudi East-West Pipeline. This pipeline could transport 4 to 5 million barrels of crude oil daily from eastern Saudi Arabia to Yanbu on the Red Sea coast, completely bypassing the Strait of Hormuz, but it ceased operation after the attack. Now, there's Fujairah. This is the last major energy route in the Persian Gulf region, capable of delivering more than 1 million barrels of oil daily to the global market without passing through the Strait of Hormuz. Fujairah is not only a port but also a large oil storage and refueling center, handling more than 1.7 million barrels of crude oil and refined petroleum products daily. Therefore, Fujairah has now become the last link in a series of alternative routes that previously helped the United States mitigate the impact of the closure of the Strait of Hormuz.

The local governor stated that a Ukrainian drone strike in Russia's Samara region killed one person and injured four others.

A spokesman for the Iranian Revolutionary Guard said that they will begin "reverse engineering" of the U.S. unmanned submarine that was seized in the Strait of Hormuz.

According to US media reports, Iraqi Prime Minister Zaidi stated that Iraq has lost 60% of its monthly oil export revenue due to shipping disruptions in the Strait of Hormuz caused by the US-Iraq war. Since taking office, Zaidi has been actively promoting the construction of oil pipelines bypassing the Persian Gulf, one of which is reportedly destined for Europe.

Australia's S&P/ASX 200 index closed up 25.40 points, or 0.29%, at 8757.30 on Tuesday, September 22.