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11/6
14:20
Iran has announced an exemption from the Strait of Hormuz passage restrictions for India, China, Qatar, and Iraq. Amir Hayat Moghadam, Vice Chairman of the Iranian Parliament's National Security and Foreign Policy Committee, stated that vessels from these four countries can pass freely and will not be intercepted by the US military.
14:16
Musk retweeted and quoted Tesla Korea's October sales data, marking its ninth consecutive month at the top of South Korea's imported car sales chart. According to the cited data, Tesla's registrations in South Korea surged 110.7% year-over-year to 9,165 vehicles in October, surpassing Mercedes-Benz and BMW, with the Model Y Premium being the best-selling imported model.
14:02
According to Al Jazeera, the Houthi movement stated that it used a drone to attack King Fahd International Airport in Dammam, Saudi Arabia. The group also claimed that 61 airstrikes targeted the Yemeni capital, Sana'a, and nine other provinces on Thursday. The Houthi-controlled health ministry reported that airstrikes in Taiz province and border areas of Sa'ada province resulted in approximately 20 civilian casualties.
13:52
Hindustan Petroleum Corp., an Indian refiner, said that despite an increase in the number of passing vessels and a rise in crude oil supplies in the region, the company continues to face challenges in booking tankers to transport cargo through the Strait of Hormuz.
13:45
Waller Street is debating Indian equities as a safe-haven option amid the global AI sell-off, with institutional views currently divided. As the global AI sector faces a sell-off, Indian stocks have drawn attention from some institutions due to their lower AI-related exposure and improving corporate earnings. Institutions such as JPMorgan Chase and Goldman Sachs believe they are well-positioned to attract foreign capital inflows. However, firms like Bernstein and Marcellus Investment Managers argue that Indian valuations are relatively high and they should not be simply viewed as an AI safe-haven asset.
13:40
Malaysia's major palm oil producer IOI Group plans to utilize a portion of its approximately 1,700 square kilometers of plantation land for solar energy projects, aiming to diversify its revenue streams and capture the growing demand for renewable energy.
13:34
Mediators in regions such as Qatar are intensifying efforts to push Washington and Tehran toward reaching an interim agreement aimed at ending the conflict. This comes after Iran celebrated Donald Trump's defeat in the election.
13:22
The World Bank has appointed Um Woo-chong, a former executive at the Asian Development Bank, as Vice President and Director General of its new accountability mechanism, the South Korea Ministry of Economy and Finance said on Friday. The appointment was announced by the World Bank on Wednesday, and Um is set to officially take office on January 18, becoming the second South Korean in history to hold a vice-presidential position at the bank. The new body will be responsible for handling complaints from communities affected by World Bank Group projects.
13:21
Driven by concerns over geopolitical conflict risks between the US and Iran following the US midterm elections, international oil prices moved higher during Friday's session. Brent crude futures rose 1.67% to $99.90 a barrel, while WTI crude futures gained 1.43% to $91.69 a barrel.
13:19
Hong Kong dissident Joshua Wong has been sentenced to 10 years in prison, sparking a diplomatic war of words between the US, Europe, and China. According to the *Nikkei Asia*, democratic governments have condemned the 10-year sentence, while Hong Kong and Chinese officials have accused critics of interference.
13:18
According to The Wall Street Journal, Democratic Senator Elizabeth Warren, a long-time advocate for stricter crypto industry regulation, is expected to assume the chairmanship of the U.S. Senate Banking Committee next January, granting her broader oversight authority and subpoena power over the financial sector. The report noted that her early priorities are likely to include investigating suspected insider trading in prediction markets, scrutinizing consumer protection practices at cryptocurrency firms, and examining suspected conflicts of interest involving Donald Trump and his family. While Warren's appointment as chair has not been finalized, most Senate observers believe the likelihood of a competing candidate is low.
12:52
According to Al Jazeera, US Ambassador to Turkey and Special Envoy for Syria and Iraq Tom Barrack met with Iraqi Prime Minister Ali al-Zaidi in Baghdad to discuss de-escalating regional tensions, preventing further conflict escalation, and addressing the crisis through diplomatic channels. Barrack stated that regional countries should take the lead in addressing their own security challenges, with US support, and added that Washington is also working to strengthen economic and commercial ties with Baghdad.
12:32
IREN saw its Bitcoin mining revenue plummet 58% and plans to completely exit the business by the end of the year; the company is shifting its focus to AI infrastructure, with its AI cloud revenue for the past quarter surging 182% year-over-year to $200 million.
12:22
According to Al Jazeera, Gholamreza Jalali, head of Iran's Civil Defense Organization, has called for a comprehensive plan to manage the country's economy during emergencies amid mounting concerns over potential military action by the United States and Israel. Jalali stated that the economy is a key vulnerability in countering emerging threats, and that safeguarding the public's basic needs, maintaining production, and protecting jobs are top priorities in emergency scenarios.
11:44
Democrats plan to investigate World Liberty Financial and Donald Trump's pardon of Changpeng Zhao after taking control of the U.S. House of Representatives. Representative Robert Garcia, who is expected to chair the House Oversight Committee, stated that the panel will investigate the Trump family's business dealings and cryptocurrency venture capital investments, with the family-related firm World Liberty Financial potentially being one of the initial targets, and related inquiries could begin as early as February. Additionally, Democrats indicated they will investigate Donald Trump's pardon of Binance co-founder Changpeng Zhao, who previously assisted the Trump family in launching a stablecoin.
11:44
According to Lookonchain monitoring, a crypto whale is sitting on floating profits of over $30 million from shorting U.S. tech and semiconductor stocks. Specifically, the unrealized gains include $6.36 million on its SNDK position, $4.03 million on INTC, $2.33 million on SOXL, and $2.25 million on MU.

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