|
Originally Posted by John Carr
(Post 4028859)
I’ve reported it MULTIPLE TIMES. One mod had the cajones to tell me it was my fault when using the quote function :rolleyes:
|
TEHRAN, Iran (AP) — Iran’s national rial currency hit a record low Wednesday of 1.8 million to the dollar as a shaky ceasefire with the U.S. and Israel holds.
The rial had remained stable in the early weeks of the war that began Feb. 28, in part because there was little trading or imports. The rial began to slide two days ago. Experts warn that its fall is likely to further fuel inflation in a country where many imported goods, from food and medicine to electronics and raw materials, are affected by the dollar rate. A U.S. naval blockade during the ceasefire has increased pressure on Iran’s already battered economy, cutting into a key source of government revenue and hard currency by stopping or intercepting oil shipments. Pakistani Prime Minister Shehbaz Sharif said Wednesday his government was continuing efforts to help ease tensions between the U.S and Iran following an initial round of direct talks on April 11. |
Originally Posted by Trip7
(Post 4028814)
Seems to be an issue with mobile version of the website. Have to manually remove the first Quote prompt which is incorrect. Seems like a software bug that should be an easy fix
|
Originally Posted by rickair7777
(Post 4029195)
I'll ask them to look at it again.
|
Originally Posted by rickair7777
(Post 4029195)
I'll ask them to look at it again.
and just like that….it’s already fixed. |
Originally Posted by Excargodog
(Post 4029131)
TEHRAN, Iran (AP) — Iran’s national rial currency hit a record low Wednesday of 1.8 million to the dollar as a shaky ceasefire with the U.S. and Israel holds.
The rial had remained stable in the early weeks of the war that began Feb. 28, in part because there was little trading or imports. The rial began to slide two days ago. Experts warn that its fall is likely to further fuel inflation in a country where many imported goods, from food and medicine to electronics and raw materials, are affected by the dollar rate. A U.S. naval blockade during the ceasefire has increased pressure on Iran’s already battered economy, cutting into a key source of government revenue and hard currency by stopping or intercepting oil shipments. Pakistani Prime Minister Shehbaz Sharif said Wednesday his government was continuing efforts to help ease tensions between the U.S and Iran following an initial round of direct talks on April 11. |
Oil at $200 means you have to sell 1/3 less and you can make the same amount of revenue vs back in Feb, sounds like a win-win for oil producers.
|
Originally Posted by Trip7
(Post 4029336)
I doubt the IRGC cares about the Rial to Dollar since they are asking Hormuz toll to be paid in Yuan. Also it seems the IRGC is focused on driving Oil to $200 and also breaking the US bond market which should cause absolute calamity on the market
200 dollars!! Is this gonna be “the big one”? Do we start packing a Python or S&W? Time to start rewatching Mad Max movies. |
Originally Posted by OpieTaylor
(Post 4029391)
200 dollars!! time start rewatching Mad Max movies. Is this gonna be “the big one”? Do we packing a Paython or S&W?
The Oil market is like toilet paper. You don't realize how badly you need it until you run out. As long as there's still inventory to draw down here in the US there won't be panic |
Originally Posted by Trip7
(Post 4029395)
Asian cargoes are already loading in the $170s. They'll pay anything to prevent shutting down refiners which is an extremely expensive process.
The Oil market is like toilet paper. You don't realize how badly you need it until you run out. As long as there's still inventory to draw down here in the US there won't be panic It’s not real until we see Atlas flying KC-46s to China to keep Amazon production lines moving. |
| All times are GMT -8. The time now is 01:00 AM. |
Website Copyright © 2026 MH Sub I, LLC dba Internet Brands